Satellite Based Augmentation Systems Market Size, Share & Trends Analysis Report By Platform (WAAS, EGOS, BDSBAS, Others), By Solution (SBAS Payload, Reference Station, Uplink Station, Others), By Application (Aviation, Maritime, Road and Rail, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global satellite based augmentation systems market size was valued at USD 890 million in 2022 and is projected to reach USD 1,407.8 million by 2031, registering a CAGR of 5.1% during the forecast period (2023 to 2031). Rising airline passenger traffic and higher expenditures by emerging countries are the primary market drivers driving industry growth and expansion. 

Satellite-Based Augmentation Systems (SBAS) are advanced navigation and positioning technologies that improve the precision and reliability of satellite signals for worldwide positioning and navigation. SBAS systems are intended to supplement signals from existing GNSS systems such as GPS (Global Positioning System) and provide superior performance, notably in accuracy, integrity, and availability.

The demand for precise location and navigation in different industries, including aviation, maritime, transportation, and surveying, is increasing the Satellite Based Augmentation Systems market share. SBAS technology provides dependable and accurate navigation solutions, vital in safety-sensitive applications like aviation, where even minor positioning errors can have disastrous effects. Furthermore, Advances in satellite technology and increased investments by governments and private firms in the construction of SBAS infrastructure drive the satellite based Augmentation Systems market growth.

Market Dynamics

Market Drivers

Safety-Critical Applications

SBAS technology is actively used in the aviation industry to improve safety during flight operations. SBAS-enabled GPS systems give precise positioning information, particularly during key flight stages like approach and landing. This ensures safe navigation even in inclement weather, lowering the likelihood of accidents. According to the Federal Aviation Administration (FAA), the introduction of the Wide Area Augmentation System (WAAS), a version of SBAS, throughout the United States has considerably enhanced aviation safety. WAAS allows for precise airport approaches, lowering the amount of weather-related flight diversions and providing safer landings. 

SBAS systems, on the other hand, are employed in the maritime industry to increase the safety and precision of vessel navigation. Ships outfitted with SBAS-capable technology benefit from greater position accuracy, collision avoidance capabilities, and situational awareness, all of which contribute to safer navigation in congested waterways. For example, the International Maritime Organization (IMO) recognizes the significance of SBAS in maritime safety. The International Maritime Organization's (IMO) acceptance of the Global Maritime Distress and Safety System (GMDSS) has used SBAS technology for more precise location reporting and emergency response at sea. As a result of the installation of SBAS systems, there have been fewer accidents, better navigation, and higher safety standards, making it a critical driver of the global market.

Market Restraints

Infrastructure Investment Cost

SBAS infrastructure, including ground stations and satellite payloads, requires significant expenditure to construct and maintain. These expenditures can be too expensive for governments or regions seeking to construct SBAS systems. Europe's SBAS system is the European Geostationary Navigation Overlay Service (EGNOS). The European Space Agency (ESA), the European Commission, and Eurocontrol collaborated to create it. Hundreds of millions of euros were initially invested in EGNOS development and deployment. Ongoing operating costs, such as maintenance and monitoring, aggravate the financial situation.

Similarly, the SBAS system used for aviation in the United States is the Wide Area Augmentation System (WAAS). The Federal Aviation Administration (FAA) created and maintains it. The United States government and aviation sector players bear WAAS implementation and ongoing costs. The United States Federal Aviation Administration (FAA) has devoted significant expenditures to developing and maintaining the Wide Area Augmentation System (WAAS). The FAA proposed $117 million for WAAS operations and maintenance in its Fiscal Year 2022 budget request. As a result, Satellite Based Augmentation Systems market insights reveal that the high infrastructure investment costs associated with SBAS can substantially impede its widespread acceptance and coverage expansion.

Market Opportunity

Emerging Markets Adoption

SBAS technology has enormous growth potential in emerging economies such as Asia-Pacific, Africa, and Latin America. As these regions' economies and infrastructure improve, the demand for precise positioning and navigation solutions will rise. The GPS-aided Geo Augmented Navigation (GAGAN) system, India's SBAS, has been launched by the Indian government. GAGAN offers precise positioning data across Indian airspace and adjoining territories. This SBAS system has helped improve aviation safety and efficiency in India, a rapidly expanding aviation sector. 

In addition, according to the International Air Transport Association (IATA), Asia-Pacific is predicted to be the world's fastest-growing aviation industry, with passenger numbers expected to reach 3.9 billion by 2037. As a result of this expansion, there is a high demand for SBAS technology to ensure safe and efficient air travel. Furthermore, governments and businesses in emerging nations recognize the importance of SBAS in boosting safety, economic growth, and infrastructure. This awareness is prompting growing investments and activities to build SBAS networks. This is an important growth opportunity for SBAS providers, with the ability to improve safety, economic growth, and connection in these locations.

Regional Analysis

The global satellite-based augmentation systems market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America Dominates the Global Market

North America is expected to grow fastest at 5.3% CAGR during the forecast period. The increase in R&D spending in the region for WAAS system development is related to the region's expansion. Furthermore, the Federal Aviation Administration (FAA) awarded Raytheon intelligence a USD 375 million contract for the next ten years to provide technical refresh and Dual Frequency Operation (DFO) upgrades to the FAA's Wide-Area Augmentation System, or WAAS, a space-based precision navigation system, in September 2022. The countries analyzed in the region are the United States, Canada, and Mexico. These countries have sophisticated infrastructures and participate in a variety of space activities. In the United States, organizations like NASA and firms like SpaceX are developing new ways to address the increased need for satellites during the projection period.

Additionally, with the United States leading the global demand for commercial satellite services, many developments, investments, and satellite programs have resulted in sustained year-over-year (YoY) growth and steady expansion of the country's market. For example, NASA has chosen Centennial, Colorado-based United Launch Services LLC (ULS) to provide launch services for the Geostationary Operational Environmental Satellite-T (GOES-T) mission, which will provide advanced imagery and atmospheric measurements of Earth's weather, oceans, and environment, real-time mapping of total lightning activity, and improved monitoring of solar activity and space weather. The overall cost of launching GOES-T NASA is estimated to be USD 165.7 million, including the launch service and other mission-related costs. The GOES-T mission was launched on an Atlas V 541 rocket from Launch Complex 41 at Cape Canaveral Air Force Station in Florida in March 2022. It was dubbed GOES 18 and took over operations from GOES 17 in January 2023. Because of the government's substantial investment in space research, the market in the region is likely to increase over the forecast period due to the implementation of such space projects.

Asia-Pacific is estimated to hold a significant market share with a 5.7% CAGR during the forecast. The Asia-Pacific market is one of the primary rising regions, with a dominant market share in 2023. As massive development activities continue in countries such as China, India, Australia, Indonesia, and other Asia-Pacific nations, it will bring about a positive Satellite-Based Augmentation Systems market trend in expanding the industry in these regions. Rising interest, increased remuneration, trend-setting innovation, and projects that satisfy customers' needs will likely cause the industry to grow dramatically. GAGAN is India's satellite-based augmentation system, developed in collaboration between AAI and ISRO. This is the first system designed for India and its tropical neighbors. The DGCA certified the GAGAN system 2015 for approaches with vertical guidance (APV 1) and en route (RNP 0.1) operation.

In Europe, the satellite-based augmentation systems market share is expected to expand significantly throughout the forecast period. During the study period, increasing geostationary satellite launches will enhance the market, assisting in market augmentation. The Safety-of-Life capability of EGNOS has helped to improve the safety and efficiency of secured landing approaches at European airports. This service ensures that the EGNOS navigation message contains an integrity feature capable of warning pilots of an issue within six seconds. Additional EGNOS and Galileo applications could help E.U. achieve its new Performance-Based Navigation Objectives for all flight segments, as Commission Implementing Regulation (E.U.) 2018/1048 defines. 

Latin America, the Middle East and Africa will see significant market expansion in the foreseeable future. The region's increased demand for modern aircraft with SBAS receivers is expected to drive market expansion over the forecast period.

Segmental Analysis

The global satellite-based augmentation systems are segmented based on platform, solutions, application, and region.

The platform is further segmented into WAAS, EGNOS, and BDSBAS.

BDSBAS holds the major share of the market and is expected to grow at a significant CAGR during the forecast period. The Satellite-Based Augmentation System (BDSBAS) is related to the BeiDou Navigation Satellite System (BDS), China's GNSS system. BDSBAS's primary goal is to improve the accuracy and reliability of BDS signals in the Asia-Pacific area.

Furthermore, ECNOS is expected to have the highest CAGR. The SBAS system used in Europe is called EGNOS. The European Space Agency (ESA), the European Commission, and Eurocontrol collaborated to create it. EGNOS improves GPS signal accuracy and reliability over Europe and nearby regions.

Based on solutions, the market is sub-segmented into SBAS Payload, Reference Station, and Uplink Station.

SBAS Payload has the biggest market share and is expected to expand at a considerable CAGR over the projection period. The SBAS Payload refers to the satellite-borne equipment and systems that provide correction signals to SBAS users on the ground. These payloads, deployed on specialized SBAS satellites, are critical in improving the precision and reliability of positioning signals received by users.

During the projected period, reference stations are expected to be the fastest-growing segment. Ground-based installations outfitted with GNSS receivers and monitoring equipment are referred to as reference stations. They are strategically placed throughout the SBAS service region and collect GNSS data continually, including information on satellite signal errors and atmospheric conditions.

The segment can be bifurcated by application into Aviation, Maritime, Road and Rail.

Road and Rail are the most common applications in the market, expected to grow at a considerable CAGR during the forecast period. SBAS technology is rapidly used in land-based transportation systems like road and rail networks. It offers advantages such as improved vehicle tracking, route optimization, and increased safety in urban and rural areas. SBAS in road and rail applications aids in navigation and tracking for various applications such as fleet management, public transportation, and intelligent transportation systems (ITS). It contributes to shorter travel times and lower fuel usage.

SBAS aids in accurate vessel positioning, route planning, and harbor entry/exit processes in maritime applications. It helps to make navigation safer on busy rivers and in rough seas. The European Geostationary Navigation Overlay Service (EGNOS) improves maritime navigation in European waterways. It helps vessels maintain exact positions and avoid collisions, especially in congested ports.

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