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The satellite-based augmentation systems market is estimated to grow by USD 169.1 million at a CAGR of 4.36% between 2023 and 2028. The Satellite-Based Augmentation Systems (SBAS) market is experiencing significant growth, driven by several key factors. Firstly, increasing investments in satellite navigation programs from governments and private entities are fueling market expansion. Secondly, technological innovations in navigation and positioning devices are enhancing the accuracy and reliability of SBAS, making them increasingly indispensable. Lastly, the growing demand for unmanned platforms in various industries, such as agriculture, transportation, and logistics, is further propelling market growth. Overall, the SBAS market is poised for robust expansion in the coming years, underpinned by these compelling drivers.
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The integration of ground-based sensors and multi-frequency enhancement systems is pivotal in enhancing GNSS technology across various sectors, including road and rail transport. Governments worldwide support these advancements through government agreements and programs, fostering the deployment of Satellite Based Augmentation Systems (SBAS) and multi-functional Transport Satellites (MTSAT). These systems leverage GEO satellites to improve ground-based navigational aids and support airport expansion and renovation projects. The SBAS system vendors collaborate with entities like the General Services Administration (GSA) to implement Satellite Based Augmentation System payloads, ensuring robust LPV capabilities for precise landing approaches. These technologies integrate with 5G networks and the Internet of Things (IoT), enhancing connectivity and operational efficiency. Artificial intelligence (AI) plays a crucial role in optimizing system performance and data analysis for real-time decision-making in the aerospace and transportation sectors. As technology advances, the synergy between ground-based infrastructure and satellite systems continues to drive innovation and reliability in global navigation and positioning solutions.
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 476.90 million in 2018. 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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APAC is estimated to contribute 53% 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. Yet another region, 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.
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 market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
1. Global Navigation Satellite System (GNSS) Market by Application, Type, and Geography - Forecast and Analysis
2. Global Navigation Satellite System (GNSS) Devices Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, Japan, China, South Korea, Russia - Size and Forecast
3. Satellite Manufacturing and Launch Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Canada, UK, Germany - Size and Forecast
The evolution of Global Navigation Satellite Systems (GNSS) is marked by advancements in multi-constellation and multi-frequency capabilities, enhancing precision across diverse applications like surveying, agricultural operations, and asset tracking. Satellite Based Augmentation Systems (SBAS) such as WAAS leverage geostationary satellite deployments to provide differential corrections for improved accuracy in GPS-Aided GEO Augmented Navigation. SATCOM technologies enable communication via geostationary satellites, supporting electric optic and infrared transmissions critical for fixed-wing and rotary wing aircraft operations. In cybersecurity, spectrum allocation safeguards satellite signals crucial for infrastructure monitoring, catastrophe management, and location-based services. The integration of GNSS with precision farming aids in optimizing fuel use and flight durations in aviation, enhancing airport capacity and aircraft separation lengths. As technology advances, GNSS innovations support autonomous cars and smart agriculture, driving efficiency and safety in global navigation and positioning systems.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelearte at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 169.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key countries |
US, Japan, Germany, India, and Canada |
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., RTX Corp., Saab AB, and Thales Group |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market 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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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