Market Overview:
The global satellite-based augmentation systems market is expected to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 12.9% during the forecast period. The growth of this market can be attributed to the increasing demand for navigation and positioning services, rising number of aircraft deliveries, and growing adoption of SBAS in commercial applications. Based on type, the hardware segment is expected to lead the global satellite-based augmentation systems market during the forecast period. This growth can be attributed to the increasing demand for hardware components in SBAS systems from various end users such as airlines and airports.
Product Definition:
A Satellite-Based Augmentation System (SBAS) is a type of ground station that helps to improve the accuracy and reliability of Global Navigation Satellite Systems (GNSS) signals. SBASs use a network of satellites in orbit to provide corrections to GNSS signals, allowing for increased accuracy and reliability when navigating. SBASs are important for many applications, including aviation and maritime navigation, surveying, construction, and agriculture.
Hardware:
Hardware is the part of Augmented Reality (AR) systems that enables users to interact with the real-world environment and virtual objects. Hardware components are responsible for capturing 3D data, transferring it to a mobile device or headset, and processing it so that users can see virtual images in their natural environment. AR headsets have been gaining significant traction among enterprises as well as consumers due to its ability to enhance employee productivity by reducing tedious paperwork and training costs while improving customer service levels.
Software:
Software is a set of instructions, which aids in the control and operation of machines. In case of satellite-based augmentation systems, software controls the satellite's operating parameters such as its position and movement in space along with providing information to users on earth.
The global software market size was valued at USD 132 billion in 2016 and is expected to grow at a CAGR close to 5% over the forecast period.
Application Insights:
The Automatic Vehicle Location segment dominated the global satellite-based augmentation systems market in terms of revenue share in 2017. The use of AGL provides accurate real-time location information for vehicles, thereby enabling users to make efficient decisions while undertaking any activity. For instance, a businessperson may wish to track the movement of several vehicles around a certain area and take necessary preventive measures before someone elses assets are stolen or some other crime is committed. Satellite-based AGL can also be used for navigation and many more applications such as tracking wildlife, monitoring environmental conditions such as temperature or humidity at specific locations, etc. Furthermore, these systems aid farmers by providing them with real-time data on crop health from the field level to store room level which helps improve overall farming efficiency and productivity by reducing human errors associated with traditional methods of farming.
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period owing to increasing investments by governments and companies for developing infrastructure. The growing need for real-time information, rapid development of transportation network, and rising adoption of smartphones are some factors driving regional growth. Increasing demand from various application areas such as defense & security, healthcare is also contributing towards market growth in APAC region. For instance, India has adopted Google Street View project developed by Google LLC for its entire country which provides an inside view about different places across India including traffic conditions, local attractions etc., Similarly China has also implemented this technology in all its provinces except Macau where it was tested earlier.
North America held a substantial share of global revenue due to high demand from end-users such as oil & gas exploration companies and mining firms operating on large scale across U.S.
Growth Factors:
- Increasing demand for high-quality and reliable navigation services across different industry verticals is expected to drive the growth of the satellite-based augmentation systems market over the forecast period.
- The increasing number of aircraft operators and air passengers globally is also anticipated to fuel the demand for satellite-based augmentation systems in the coming years.
- Growing investments by governments worldwide towards development of advanced infrastructure is also expected to propel the growth of this market in near future.
- Proliferation of new technologies such as unmanned aerial vehicles (UAVs) and Next Generation Air Traffic Control Systems (NextGen ATCS) are projected to create lucrative opportunities for players operating in this market during forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Satellite-Based Augmentation Systems Market Research Report
By Type
Hardware, Software
By Application
Automatic Vehicle Location, Tracking systems, Navigation, PNSs, Others
By Companies
Garmin, Raytheon, Rockwell Collins, Thales, Advanced Navigation & Positioning, Comsoft, Copperchase, Honeywell International, Intelcan Technosystems, Lockheed Martin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Satellite-Based Augmentation Systems Market Report Segments:
The global Satellite-Based Augmentation Systems market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automatic Vehicle Location, Tracking systems, Navigation, PNSs, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garmin
- Raytheon
- Rockwell Collins
- Thales
- Advanced Navigation & Positioning
- Comsoft
- Copperchase
- Honeywell International
- Intelcan Technosystems
- Lockheed Martin
Highlights of The Satellite-Based Augmentation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Automatic Vehicle Location
- Tracking systems
- Navigation
- PNSs
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Satellite-Based Augmentation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Satellite-based Augmentation Systems (SBAS) are a type of satellite navigation system that uses satellites to provide enhanced navigational capabilities. SBAS systems can improve the accuracy and reliability of GPS signals, which can be especially important in areas where there is poor terrestrial reception.
Some of the major players in the satellite-based augmentation systems market are Garmin, Raytheon, Rockwell Collins, Thales, Advanced Navigation & Positioning, Comsoft, Copperchase, Honeywell International, Intelcan Technosystems, Lockheed Martin.
The satellite-based augmentation systems market is expected to register a CAGR of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Satellite-Based Augmentation Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Satellite-Based Augmentation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Satellite-Based Augmentation Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Satellite-Based Augmentation Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Satellite-Based Augmentation Systems Market Size & Forecast, 2018-2028
4.5.1 Satellite-Based Augmentation Systems Market Size and Y-o-Y Growth
4.5.2 Satellite-Based Augmentation Systems Market Absolute $ Opportunity
Chapter 5 Global Satellite-Based Augmentation Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Satellite-Based Augmentation Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Satellite-Based Augmentation Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Satellite-Based Augmentation Systems Market Size Forecast by Applications
6.2.1 Automatic Vehicle Location
6.2.2 Tracking systems
6.2.3 Navigation
6.2.4 PNSs
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Satellite-Based Augmentation Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Satellite-Based Augmentation Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Satellite-Based Augmentation Systems Analysis and Forecast
9.1 Introduction
9.2 North America Satellite-Based Augmentation Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Satellite-Based Augmentation Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Satellite-Based Augmentation Systems Market Size Forecast by Applications
9.10.1 Automatic Vehicle Location
9.10.2 Tracking systems
9.10.3 Navigation
9.10.4 PNSs
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Satellite-Based Augmentation Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Satellite-Based Augmentation Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Satellite-Based Augmentation Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Satellite-Based Augmentation Systems Market Size Forecast by Applications
10.10.1 Automatic Vehicle Location
10.10.2 Tracking systems
10.10.3 Navigation
10.10.4 PNSs
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Satellite-Based Augmentation Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Satellite-Based Augmentation Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Satellite-Based Augmentation Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Satellite-Based Augmentation Systems Market Size Forecast by Applications
11.10.1 Automatic Vehicle Location
11.10.2 Tracking systems
11.10.3 Navigation
11.10.4 PNSs
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Satellite-Based Augmentation Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Satellite-Based Augmentation Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Satellite-Based Augmentation Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Satellite-Based Augmentation Systems Market Size Forecast by Applications
12.10.1 Automatic Vehicle Location
12.10.2 Tracking systems
12.10.3 Navigation
12.10.4 PNSs
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Satellite-Based Augmentation Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Satellite-Based Augmentation Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Satellite-Based Augmentation Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Satellite-Based Augmentation Systems Market Size Forecast by Applications
13.10.1 Automatic Vehicle Location
13.10.2 Tracking systems
13.10.3 Navigation
13.10.4 PNSs
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Satellite-Based Augmentation Systems Market: Competitive Dashboard
14.2 Global Satellite-Based Augmentation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 Raytheon
14.3.3 Rockwell Collins
14.3.4 Thales
14.3.5 Advanced Navigation & Positioning
14.3.6 Comsoft
14.3.7 Copperchase
14.3.8 Honeywell International
14.3.9 Intelcan Technosystems
14.3.10 Lockheed Martin
