The Business Research Company’s Satellite-Based Augmentation System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Satellite-Based Augmentation System Global Market Report 2023 evaluates satellite-based augmentation system market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Request A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample_request?id=12433&type=smp

The global satellite-based augmentation system market is expected to grow from $1.16 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite-based augmentation system market is expected to reach $1.84 billion in 2027 at a CAGR of 9.3%.

The growing air traffic is expected to propel the growth of the satellite-based augmentation system market going forward. Air traffic refers to the movement and management of airplanes in the airspace, controlled by air traffic control (ATC) services to ensure safe and effective operations. Aircraft operations and air traffic provide real-world validation, data gathering, and user input that improve the accuracy, dependability, and performance of satellite-based augmentation systems (SBAS), strengthening aviation safety and effectiveness. For instance, in March 2023, according to a report published by the Bureau of Transportation Statistics, a US-based government agency, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase year on year. Additionally, from January to December 2022, airlines in the United States carried 853 million passengers, up from 658 million in 2021 and 388 million in 2020. Therefore, the growing air traffic is driving the growth of the satellite-based augmentation system market

Get More Information On The Satellite-Based Augmentation System Market Report:

https://www.thebusinessresearchcompany.com/report/satellite-based-augmentation-system-global-market-report



The satellite-based augmentation system market segments in the report are:

1) By Type: Wide Area Augmentation System (WAAS), European Geostationary Navigation Overlay Service (EGNOS), Multi-functional Satellite Augmentation System (MSAS), GPS Aided GEO Augmented Navigation (GAGAN), System For Differential Corrections And Monitoring (SDCM), Other Types

2) By Component: Satellites, Ground Stations, Receivers, Other Components

3) By Application: Aviation, Maritime, Road And Rail, Surveying, Timing And Synchronization, Agriculture, Other Applications

The table of contents in TBRC’s satellite-based augmentation system market report includes:

Executive Summary
Satellite-based Augmentation System Market Characteristics
Satellite-based Augmentation System Market Trends And Strategies
Satellite-based Augmentation System Market - Macro Economic Scenario
Satellite-based Augmentation System Market Segmentation.
.

.

Global Satellite-based Augmentation System Market Competitive Benchmarking
Global Satellite-based Augmentation System Market Competitive Dashboard
Key Mergers And Acquisitions In The Satellite-based Augmentation System Market
Satellite-based Augmentation System Market Future Outlook and Potential Analysis
Appendix


Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]



Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model