The satellite-based global navigation satellite system (gnss) augmentation system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The satellite-based global navigation satellite system (GNSS) augmentation system market size has grown strongly in recent years. It will grow from $11.18 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to growing aviation industry, growing demand for precise navigation, expansion of precision agriculture, increasing air traffic and aviation safety concerns, growing application.
The satellite-based global navigation satellite system (GNSS) augmentation system market size is expected to see strong growth in the next few years. It will grow to $17.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for GNSS systems, expansion of SBAS market, application of GNSS, increasing frequency of air travel. Major trends in the forecast period include product developments, technological advancements, integration of multiple GNSS constellations, rise of next-generation SBAS, advancements in integrity monitoring.
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Scope Of Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market Overview
Market Drivers –
The growing aviation industry is expected to propel the growth of the satellite-based global navigation satellite system (GNSS) augmentation system market going forward. The aviation industry refers to the collective business activities and infrastructure related to the design, manufacturing, operation, and maintenance of aircraft. The aviation industry is growing due to a combination of demographic, economic factors. Satellite navigation through augmentation systems will assist pilots in all flight phases, from taxing to take-off, en-route flying, and landing, as it improves the accuracy of position, velocity, and time information provided by satellite navigation signals. GNSS augmentation systems enhance the integrity of position information, reducing the risk of errors and providing pilots with more reliable navigation data. For instance, in September 2023, according to the International Air Transport Association, a Canada-based trade association, Asia-Pacific airlines saw a 105.8% increase in July 2023 traffic compared to July 2022. Therefore, the growing aviation industry is driving the growth of the satellite-based global navigation satellite system (GNSS) augmentation system market.
Market Trends –
Major companies operating in the satellite-based global navigation satellite system (GNSS) augmentation system market are innovating new satellite positioning chip to increase their profitability in the market. A satellite positioning chip refers global navigation satellite system (GNSS) receiver, is an electronic component that receives and processes signals from satellite constellation. For instance, in January 2024, Airoha Technology Corp., a Taiwan-based technology company launched AG3335MA satellite positioning chip series. The chip series has a professional-grade GNSS receiver measurement engine with an ultra-low satellite tracking sensitivity of -167 dBm and a cold boot positioning time of just 25 seconds. It can operate reliably in extreme environments, ranging from -40 to 105 degrees Celsius. The AG3335MA series has been integrated with MediaTek’s dimensity auto platform, providing comprehensive solutions and technical testing services to automotive manufacturers worldwide. It has also completed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications.
The aerospace support and auxiliary equipment market covered in this report is segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
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Regional Insights –
North America was the largest region in the satellite-based global navigation satellite system (GNSS) augmentation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite-based global navigation satellite system (GNSS) augmentation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major companies operating in the satellite-based global navigation satellite system (GNSS) augmentation system market are Mitsubishi Corporation, Raytheon Technologies Corporation, Lockheed martin corporation, Airbus S.E, Northrop Grumman, Honeywell International Inc., BAE Systems plc, Boeing Satellite Systems International, Thales Group, L3Harris Technologies Inc., Leidos Holdings Inc., Space Exploration Technologies Corp. (SpaceX), Intelsat, SES S.A., Eutelsat Communications, Space Systems Loral, Telesat, cobham plc, Universal Avionics Systems Corporation, GeoOptics Inc., Deimos Imaging, Grintex India Limited, QinetiQ Group plc, Novatel Aerospace, Trust Precision Engineering Co Ltd.
Table of Contents
1. Executive Summary
2. Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market Report Structure
3. Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market Trends And Strategies
4. Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market – Macro Economic Scenario
5. Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market Size And Growth
…..
27. Satellite-Based Global Navigation Satellite System (GNSS) Augmentation System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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