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The satellite-based augmentation systems market is estimated to grow by USD 169.15 million at a CAGR of 4.53% between 2022 and 2027. The growth of the market depends on several factors, including rising investments in satellite navigation programs, innovation in navigation and positioning devices, and growing demand for unnamed platforms.
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The growing demand for unnamed platforms is notably driving the market growth, although factors such as spectrum management issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for unnamed platforms is notably driving market growth. Improvements in the capabilities of UCAVs have increased their use in the defense sector. UAVs are widely used in warfare, owing to their visual superiority compared with troops and their ability to conduct preemptive strikes and surveillance on specific locations. Countries such as the US, the UK, China, and France have deployed UCAVs for counterinsurgency and other low-intensity warfare situations.
Countries that allocate substantial financial resources for defense, such as the US, China, the UK, and Saudi Arabia, and their defense contractors are increasing their R&D investments significantly in technologies such as stealth technology, also called low observable technology, to enhance their airstrike capabilities. Stealth UCAVs have radio wavelength-deflecting capabilities and onboard GPS devices to engage targets from a distance without being detected. Most unmanned platforms, ranging from drones to autonomous vehicles, use GPS and advanced mapping systems. Hence, the rising use of electronic welfare (EW) as a strategy is expected to increase the need for the integration of UAVs with advanced GPS and mapping systems, which will drive the growth of the global SBAS market during the forecast period.
The adoption of big data analytics is one of the emerging market trends. The process of generating patterns or trends by analyzing large volumes of data is called big data analytics. This technology is not only confined to the IT industry but is also used in the military sector. The integration of GPS devices and big data analytics provides the ability to predict future risks. It can also enable the initiation of the required steps for risk mitigation. The use of big data analytics improves decision-making, as it gives information accurately and identifies the actual cause of a problem.
The rising adoption of advanced ammunition, the digitization of process flows, and the use of device connectivity are some major trends in the military sector that are complementing the growth of big data analytics. Managing a large volume of data that is generated by GNSS and GPS devices is challenging. The data generated by these devices can be used to track people and manage vehicular traffic, as well as crowdsourced applications. The effective utilization of the data generated by military GNSS devices can help military agencies take necessary action on a real-time basis. Such developments are expected to drive the growth of the global SBAS market during the forecast period.
Spectrum management is a major challenge impeding market growth. The changing nature of contemporary warfare and its adoption of these technologies led to extensive radiofrequency (RF) and microwave technology. High-frequency transceivers and high-speed converters are used for communication through radar and electronic surveillance/countermeasures platforms. The demand for secure communication has increased the requirement for an efficient telecommunication spectrum. However, an inadequate frequency spectrum and the lack of superior bandwidth are hampering the operational effectiveness of different microwave components such as turntables, magnetrons, and voltage transformers.
Defense organizations are required to reduce their spectrum usage. Factors such as the presence of numerous active and interested operators and the technical complexity of equipment that uses the RF spectrum make spectrum management extremely complex. An advanced satellite sensor payload requires a considerable amount of data, including high-definition images and full-motion videos. The shortage of bandwidth can prevent data transmission and sharing, disrupting the timely depiction of mission-critical information. Therefore, the inadequate allocation and management of spectrum can directly affect the manufacturing and operations of communication satellites, which can adversely impact the growth of the global SBAS market during the forecast period.
The market growth analysis report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Elbit Systems Ltd. - The key offerings of the company include satellite-based augmentation systems.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 13 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market share growth by the aviation segment will be significant during the forecast period. Satellite navigation systems have greatly benefitted the aviation sector, and their relevance is expected to continue expanding.
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The aviation segment was valued at USD 459.57 million in 2017 and continued to grow until 2021. EGNOS's Safety-of-Life capability has aided in the improvement of the safety and efficiency of secured landing approaches at European airports. This service guarantees that the EGNOS navigation message has an integrity function capable of notifying pilots within six seconds of a problem. Additional EGNOS, Galileo applications may contribute to the EU's new Performance-Based Navigation Objectives for all flight segments, as outlined in Commission Implementing Regulation (EU) 2018/1048. Galileo can also assist Search-and-Rescue efforts by detecting activated rescue beacons. GNSS data may also improve air traffic management operations using ADS-B (Automatic Dependent Surveillance-Broadcast) tracking, which allows for more accurate monitoring and planning of aircraft operations.
As a result, the sales of GNSS-enabled devices have increased at an unprecedented rate in both general and commercial aviation, with APAC markets playing a significant role in this development. Such wide-scale applications of navigational data from SBASs are expected to continue during the forecast period. Moreover, the development of smart cities, Internet-of-Things, and autonomous vehicles are anticipated to drive navigation applications of the global SBAS market during the forecast period.
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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America holds a major market for SBAS services, with the US, Canada, and Mexico being the major markets for space-based programs. These countries have advanced infrastructures and are involved in various space programs. In the US, agencies such as NASA and companies such as SpaceX are developing new systems that are expected to meet the growing demand for satellites during the forecast period.
With the US leading the global demand for commercial satellite services, there have been several developments, investments, and satellite programs, which have resulted in consistent year-over-year (YoY) growth and steady progress of the market in the country. For instance, NASA has selected United Launch Services LLC (ULS) of Centennial, Colorado, to provide launch services for the Geostationary Operational Environmental Satellite-T (GOES-T) mission, which will provide advanced imagery and atmospheric measurements of Earth weather, oceans, and environment, real-time mapping of total lightning activity, and improved monitoring of solar activity and space weather. The total cost of launching GOES-T NASA is approximately USD 165.7 million, which includes the launch service and other mission-related costs. In March 2022, the GOES-T mission was launched on an Atlas V 541 rocket from Launch Complex 41 at Cape Canaveral Air Force Station in Florida. It was renamed GOES 18, and it replaced GOES 17 operations in January 2023. Owing to the introduction of such space programs, the market in the region is expected to witness growth during the forecast period because of the high expenditure on space research by the government.
Furthermore, the use of satellites in commercial and civil applications has gained substantial acceptance in the region. As a result, many small and private technology providers are investing in the design and launch of GNSS. The WGS provides broadband communications to the US military and its allies, and the manufacturing of the satellite is expected to be completed by November 2023. Such developments are expected to increase the demand for GNSS during the forecast period. Because of these factors, it is anticipated that there will be considerable growth in the quality of satellite-based communication (such as the provision of broadband, television, and mobile phone services) along with remote-sensing operations at a low cost. Moreover, with the increasing demand for GNSS in the defense, industrial, and automotive industries, the SBAS market in the region is expected to grow at a steady pace during the forecast period.
The Satellite-Based Augmentation Systems (SBAS) market is witnessing robust growth driven by the increasing demand for precise positioning across various sectors such as maritime navigation and land-based transportation. SBAS, including GPS (Global Positioning System) and Global Navigation Satellite Systems (GNSS) like European Geostationary Navigation Overlay Service (EGNOS) and Wide Area Augmentation System (WAAS), enhance positioning accuracy through technological advancements and product developments. Utilizing multiple satellites and ground stations, SBAS ensures multi-constellation and multi-frequency support, bolstered by government contracts and strategic partnerships. Systems like GPS-Aided GEO Augmented Navigation System (GAGAN) and System for Differential Corrections and Monitoring (SDCM) further advance air travel infrastructure and economic growth, mitigating challenges such as interference and cybersecurity. Despite supply chain challenges and technical errors, SBAS continues to evolve, supported by a skilled workforce and a focus on redundancy and spoofing prevention.
The market forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Satellite-Based Augmentation Systems Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
Market growth 2023-2027 |
USD 169.15 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
4.17 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 44% |
Key countries |
US, Canada, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, Airservices Australia, Elbit Systems Ltd., European Union Agency for the Space Programme, Federal Aviation Administration, Garmin Ltd, GMV Innovating Solutions SL, Hexagon AB, Honeywell International Inc., Lockheed Martin Corp., Maxar Technologies Inc., Raytheon Technologies Corp., Saab AB, and Thales Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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