Global Satellite-based Augmentation Systems Market to Expand at 5.20% CAGR from 2016 to 2020


Published Date : Feb 01, 2016

ALBANY, New York, Feb 01, 2016: MarketResearchReport.biz has added a new market study, titled “Global Satellite-Based Augmentation Systems 2016-2020”, to its database of research reports. According to the report, the global satellite-based augmentation system market will rise at a CAGR of 5.20% for the 2016-2020 period. The report provides an objective reports of how satellite-based augmentation systems (SBAS) are utilizable for a wide-area broadcast of messages. Each and every vital aspect of satellite communication systems that enable the broadcast of SBAS messages is looked into in the report.

Included in the report is an overview of the growth trajectory of the global SBAS market as well as of the market in the regional segments of the Americas, EMEA, and APAC. Typically, satellite-based augmentation systems such as EGNOS, MSAS, WAAS, and GAGAN are utilizable for a wide-area broadcast of messages through multiple satellite-based configurations. Geostationary satellites and a few ground-based stations make up an SBAS system to cover a large area for message broadcasting.

The report analyzes the vital indicators that are important for understanding the market’s progression during the forecast period. First and foremost, the report points out the major factors that are driving the global market for satellite-based augmentation systems. In aircraft navigation, these systems allow improved flexibility for aircraft take-off and landing, which helps to reduce noise pollution over residential areas. SBAS systems also offer improved accessibility for smaller airports to receive air navigation guidance without the need for expensive infrastructure and reduce environmental deterioration and costs by charting efficient routes, thus achieving fuel and time saving and reduced CO2 emissions.

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However, the high cost involved in the modernization of air traffic management infrastructure is detrimental to the deployment of satellite-based augmentation systems for aircraft navigation. Nevertheless, the increasing deployment of satellite-based navigation systems for telecommunication, weather forecasts, mapping and location for automobile navigation, etc. will lead to increased implementation of SBAS.

The report analyzes the global satellite-based augmentation systems market from a competitive perspective. The top vendors in the market, namely Garmin, Rockwell Collins, Universal Avionics, Raytheon, and Thales are mentioned and a detailed competitive profile provided for each of them. Some other prominent vendors in the market are Advanced Navigation & Positioning, Copperchase, Intelcan Technosystems, Northrop Grumman, Searidge Technologies, Comsoft, Honeywell International, Lockheed Martin, and Saab AB.

The report answers some of the pertinent questions that are important for market participants to be apprised with. These include market size projections, market trends, opportunities, and the changing competitive dynamics that will come to the fore during the forecast period. For readability, the report is divided into sections and is interspersed with illustrations and graphical representations for a lucid interpretation of market indicators. For the research part, data for the report has been collected from proprietary databases of accredited agencies and extensive interview carried out with industry experts to gather their view about the progression of this industry. Thus, the reports of the global satellite-based augmentation systems industry for the period 2016-2020 is a must-have tool for market participants.

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