Global Satellite-Based Augmentation Systems 2016-2020

Market outlook of global satellite-based augmentation system

Technavio’s research analyst estimates that the global market for satellite-based augmentation system will grow at a CAGR of more than 5% during the forecast period. The rising global demand for air transport is anticipated to bolster market growth as the rise in air traffic will result in the augmented demand for satellite-based augmentation systems.

The increase in airport development and modernization projects is the key driver for the growth of this market. The recent growth in air traffic, both passenger, and cargo has resulted in the expansion and modernization of existing airports. The expansion and modernization of existing airports are expected to bolster the demand for an effective satellite-based augmentation system, which will aid in managing traffic and aircraft movement.

Geographical segmentation of the satellite-based augmentation system market

• Americas
• EMEA
• APAC

Technavio’s market research analyst has estimated the APAC region to account for more than 35% of the total market share by the end of 2020. Since this region is projected to experience high air traffic during the forecast period, the transition from ground-based to satellite-based ATC systems is anticipated to bolster market growth in this during the predicted period.

Competitive landscape and key vendors

This market is highly competitive due to the presence of strong rivalries among the existing players. To survive in this market, vendors have to distinguish their product and service offerings from the other competitors and have to win major deals in emerging and established markets.

The top vendors in this market are -

• Garmin
• Raytheon
• Rockwell Collins
• Thales
• Universal Avionics

Other prominent vendors in the market include Advanced Navigation & Positioning, Comsoft, Copperchase, Honeywell International, Intelcan Technosystems, Lockheed Martin, Northrop Grumman, Saab AB, and Searidge Technologies.

Growth drivers, challenges, and upcoming trends: Satellite-based augmentation systems

Upcoming trends such as the growing implementation of satellite-based navigation system are rapidly gaining popularity as they help to shorten the route taken by aircrafts. A satellite-based navigation system uses GPS technology to shorten routes and allows aircrafts to fly closer together with greater safety margins. Advantages like high fuel savings, fewer traffic delays, and its ability to reduce the flight time are envisaged to result in its augmented adoption during the forecast period.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global satellite-based augmentation system. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the satellite-based augmentation system market?
• What are the key market trends impacting the growth of the satellite-based augmentation system market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global satellite-based augmentation system market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.
• What are the key outcomes of the five forces analysis of the satellite-based augmentation system market?

Technavio also offers customization on reports based on specific client requirement.

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