The Satellite Based Augmentation Systems (SBAS) market is experiencing rapid expansion, making it crucial for players in the market to conduct a thorough analysis of the sector. This research report and industry analysis examine the SBAS sector internationally from 2023 to 2030.
The market is valued at USD 620.3 million in 2022 and is projected to reach USD 826.5 million by 2029, with a CAGR of 4.9% during the forecast period. The key market rivals include Raytheon, Mitsubishi, Thales, Airbus, SES, and Space Systems Loral.
The market is segmented by end-user industry (aviation, maritime, road and rail, and others), type (WAAS, EGNOS, MSAS, GAGAN, SDCM, and others), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). Various analytical techniques including Porter’s Five Forces Analysis and PESTEL Analysis are used to provide insights into the market’s expansion during the forecast period.
SBAS systems are geosynchronous satellite systems that improve the accuracy, integrity, and availability of basic SBAS signals. These systems include reference stations, master stations, uplink stations, and geosynchronous satellites.
The global SBAS market is driven by factors such as increased research and development of therapeutic vaccines, diagnostic modalities, and combination therapies. The COVID-19 pandemic and regional conflicts, such as the Russia-Ukraine War, have had an impact on the market and its future evolution.
Major applications of SBAS include aviation, maritime, road and rail, among others, with aviation being the largest segment. WAAS is the largest product segment, accounting for about 30% of the market.
Key goals of this report are to examine the international market for SBAS, research major players, identify market trends based on type and geography, analyze market advantages and risks, and identify high-growth segments. The report also explores the expansion plans of key players in the market.
Overall, the SBAS market is expected to experience significant growth and provide attractive opportunities for players in the coming years.