How Has the Satellite Based Global Navigation Satellite System GNSS Augmentation System Market Evolved Historically and What is its Current Size?
The satellite based global navigation satellite system gnss augmentation system market has seen considerable growth due to a variety of factors.
• In recent times, the satellite-based global navigation satellite system (GNSS) augmentation system market has experienced significant growth. The market size is projected to increase from $12.25 billion in 2024 to $13.41 billion in 2025, showing a compound annual growth rate (CAGR) of 9.5%.
This growth during the historic period can be tied to several factors. These include the expansion of the aviation industry, surging demand for precise navigation, growth of precision agriculture, escalating air traffic, and concerns relating to aviation safety, along with the growing application of the system.
What is the Forecasted Market Size and CAGR for the Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
The satellite based global navigation satellite system gnss augmentation system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for the satellite-based global navigation satellite system (GNSS) augmentation system is projected to experience considerable growth in the coming years, expanding to a worth of $19.09 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%.
Reasons for the expected growth during this forecast period include increased demand for GNSS systems, the growth of the SBAS market, the usage of GNSS, and a rise in the frequency of air travel. Other significant trends predicted for the time period are product enhancements, advanced technology, the integration of several GNSS constellations, the emergence of next-generation SBAS, and progress in integrity monitoring.
What Key Factors and Trends Are Driving The Growth Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
The surge in the aviation industry is set to stimulate the expansion of the satellite-based global navigation satellite system (GNSS) augmentation system market in the future. The term "aviation industry" encompasses all enterprise operations and infrastructural elements involved in the creation, management, operation, and upkeep of aircraft. The aviation sector's growth can be credited to a mixture of demographic and economic influences. The use of augmentation systems for satellite navigation is instrumental in aiding pilots during all flight stages—from taxiing and taking off, to mid-air flight and landing—due to its ability to enhance the precision of positioning, velocity, and timing details resulting from satellite navigation signals. GNSS augmentation systems amplify the reliability of positioning details, mitigate the possibility of inaccuracies, and supply more dependable navigation data to pilots. An example can be seen in September 2023, when the International Air Transport Association, a trade organization based in Canada, reported that airline activity in the Asia-Pacific saw a tremendous increase of 105.8% in July 2023, compared to the same time the previous year. As a result of this expansion in the aviation sector, the satellite-based global navigation satellite system (GNSS) augmentation system market is also experiencing growth.
What Are The Market Segments In The Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
The satellite-based global navigation satellite system (GNSS) augmentation system market covered in this report is segmented –
1) By Solution: Satellite-Based Augmentation Systems Payload, Reference Station, Uplink Station, Other Solution
2) By Platform: Wide Area Augmentation System, European Geostationary Navigation Overlay Service, Other Platforms
3) By Application: Aviation, Maritime, Road And Rail, Others
Subsegments:
1) By Satellite-Based Augmentation Systems Payload: Geostationary Satellite Payloads, Low Earth Orbit Satellite Payloads
2) By Reference Station: Ground-Based Reference Stations, Networked Reference Stations
3) By Uplink Station: Uplink Antennas, Control And Monitoring Equipment
4) By Other Solution: Integration Services, Data Processing Services, Maintenance And Support Services
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What Emerging Trends Are Influencing The Growth Of The Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
Leading corporations in the satellite-based global navigation satellite system (GNSS) augmentation system market are developing innovative satellite positioning chips to enhance their market profits. A satellite positioning chip, also known as a global navigation satellite system (GNSS) receiver, is an electronic device that receives and interprets signals from a satellite constellation. For example, in January 2024, Airoha Technology Corp., a tech firm based in Taiwan, introduced the AG3335MA satellite positioning chip series. The chips in this series contain a professional-grade GNSS receiver measurement engine, boasting an extraordinarily low satellite tracking sensitivity of -167 dBm and a mere 25-second cold start positioning time. Capable of operating under extreme conditions, it remains reliable anywhere between -40 and 105 degrees Celsius. The AG3335MA series is now integrated with MediaTek's Dimensity auto platform, offering comprehensive solutions and technical testing services to car manufacturers across the globe. This chip series has also fulfilled the AEC-Q100 Grade 2 reliability benchmark tests for its application in the automotive industry.
Who Are the Key Players In The Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
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.
What Are The Regional Insights Into The Satellite Based Global Navigation Satellite System GNSS Augmentation System Market?
North America was the largest region in the satellite-based global navigation satellite system (GNSS) augmentation system market in 2024. 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.
