Market Highlights: Satellite Based Augmentation Systems Market
The Global Satellite Based Augmentation Systems Market is expected to reach $XX billion, to grow at a CAGR of around 6% during 2016-2021. The key factors driving the demand are the growing developments of ATC infrastructure, need for authentic and accurate information to avoid errors, and rise in the development of airports constriction and modernization.
As per MRFR analysis, factors restraining the market are the cost associated with air traffic management (ATM) infrastructure modernization and the retrofit older aircraft with the upgraded systems.
Global Satellite-Based Augmentation Systems (SBAS) Market: Segmental Analysis
MRFR’s report includes an in-depth segmental analysis of the market based on elements, aircraft type and region.
On the basis of element, the market has been segmented into electric optic/infrared, radar and SATCOM. Among these, the SATCOM segment holds the pole position in terms of valuation and this trend expected to continue in 2019 and beyond. Further, the segment is expected to witness a the highest CAGR during the projection period. the segment growth is primarily drive by the rapid adoption of satellite-based communication.
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On the basis of aircraft type, the market has been segmented into rotary-wing and fixed-wing. In 2018, the fixed-wing segment commanded a significant share of the market in terms of value. The segment is also expected to witness an impressive growth in the foreseeable future. Fixed wing aircraft is extremely popular in the commercial aviation sector.
Global Satellite-Based Augmentation Systems (SBAS) Market: Regional Analysis
On the basis of region, the market has been segmented into Europe, the Middle East & Africa (MEA), Asia Pacific (APAC), North America and Latin America. Among these, North America holds the top position in the global SBAS market. The market in North America is expected to witness a healthy growth during the assessment period. Meanwhile, the APAC market is also expected to exhibit a healthy growth in the forthcoming years. The region is witnessing tremendous growth of the aviation sector. APAC countries such as China and India are expected to remain important destination for airline companies.
APAC to dominate the Global Satellite Based Augmentation Systems Market during the forecast period
Access the market data and information presented through over 60 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Satellite Based Augmentation Systems Market Information- Forecast from 2016 to 2021″
This report includes a study of strategies of major market players in the Global Satellite Based Augmentation Systems Market are Garmin, Raytheon, Rockwell Collins, Thales, Universal Avionics, Advanced Navigation and Positioning Corporation, Copperchase Ltd., Intelcan Technosystems, Honeywell International, Lockheed Martin, Northrop Grumman, and Saab AB
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Satellite Based Augmentation Systems Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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