Satellite Based Augmentation Systems (SBAS) Market by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032
PORTLAND, OR, UNITED STATES, October 12, 2023 /EINPresswire.com/ — According to the report published by Allied Market Research, the global satellite-based augmentation systems market generated $559.1 million in 2022, and is estimated to reach $906 million by 2032, witnessing a CAGR of 5.1% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/10574
COVID-19 Scenario:
The outbreak of the COVID-19 pandemic had a mixed impact on the global satellite-based augmentation systems market. While some segments of the market were negatively impacted by the pandemic, it also presented growth opportunities for others.
On the negative side, the pandemic caused disruptions in the supply chain that slowed down the delivery of SBAS systems and components. The development and implementation of SBAS infrastructure was delayed as a result of travel restrictions and the closure of manufacturing facilities in many countries.
In some countries, budget cuts as a result of the pandemic’s economic slowdown affected funding for the creation and use of SBAS. This situation led to delay in the launch of new SBAS systems and the expansion of existing SBAS systems. However, the pandemic has given the SBAS market steady future growth.
The report offers a detailed segmentation of the global satellite-based augmentation systems market based on type, application, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped into to achieve growth in the coming years.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 – https://www.alliedmarketresearch.com/satellite-based-augmentation-systems-sbas-market/purchase-options
By type, the WAAS segment held the largest share in 2022, garnering more than one-fourth of the global satellite-based augmentation systems market revenue, and is expected to maintain its dominance by 2032. The MSAS segment, on the other hand, would display the fastest CAGR of 6.38% during the forecast period. The EGNOS, GAGAN, SDCM, and others segments are also analyzed in the report.
By application, the aviation segment held the largest share in 2022, contributing to around two-fifths of the global satellite-based augmentation systems market revenue, and is projected to rule the roost by 2032. Furthermore, the maritime segment would showcase the fastest CAGR of 6.28% during the forecast period. The road & rail and others segments are also discussed in the report.
By region, North America held the major share in 2022, accounting for around two-fifths of the global satellite-based augmentation systems market revenue, and is expected to continue its leadership status throughout the forecast period. However, the Asia-Pacific region would portray the fastest CAGR of 7.34% from 2023 to 2032. The other provinces studied in the report include Europe and LAMEA.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/10574
The prominent players analyzed in the global satellite-based augmentation systems market share report include SkyTraq Technology, Inc., Raytheon Technologies Corporation, Thales Group, Garmin Ltd., Broadcom, Federal Aviation Administration, GMV Innovating Solutions S.L., Honeywell International Inc., Airbus, and Hexagon AB. These market players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry.
𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 :
LEO and GEO Satellite Market : https://www.alliedmarketresearch.com/leo-and-geo-satellite-market-A09227
Satellite-Based Earth Observation Market : https://www.alliedmarketresearch.com/satellite-based-earth-observation-market-A07765
Satellite Manufacturing Market : https://www.alliedmarketresearch.com/satellite-manufacturing-market-A13678
David Correa
Allied Market Research
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