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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Satellite Based Augmentation Systems (sbas) Market
Request Now !Satellite-based augmentation systems (SBAS) enhances the performance and lowers the limitations of the existing global navigation satellite systems (GNSS) by improving its precision, integrity, accessibility and dependability. SBAS systems consists of uplink stations, reference stations, geosynchronous satellites and master stations. SBAS is primarily used as a navigation system and provides better navigation and travel safety. Moreover, SBAS market is estimated to grow at a rapid speed, owing to civil aviation safety concerns.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, Signal Type, Level of Service, and Region |
Regions covered | North America (The U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | Space Systems Loral, SES, Thales Group, Airbus, Mitsubishi, GMV, Raytheon Technologies, Universal Avionics, Broadcom, and SkyTraq |
COVID-19 scenario analysis:
Satellite based augmentation systems (SBAS) is being used to precisely locate hospitals, ad hoc emergency medical centers, and pharmacies for health administration in the COVID-19 pandemic.
SBAS facilitates ease in contact tracing and aids in real-time tracking the spread and potential risk based on the location. It also helps in monitoring whether the user was in proximate range of the virus.
Rise in demand of technologies which minimize human interaction and promotes contactless interventions encourages the market growth of SBAS.
Airport development and modernization projects, rapid adaption of satellite-based navigation system, both passenger, and cargo, and modernization of existing airports are the factors that drive the Satellite based augmentation systems (SBAS) market. However, privacy and security concerns hinder the market growth. Contrarily, demand for effective satellite-based navigation system for efficient management of traffic and aircrafts movements acts as a way to boost the market demand.
The satellite-based augmentation systems (SBAS) market trends are as follows:
Upswing in the aviation industry mandates sustainable and significant improvement in flight safety and efficiency to support the expansion of the industry. For instance, during 09/2017-01/2019 for the transmission of SBAS corrections by International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) beacons and Aerospace International Services (AIS) for Maritime and Inland waterways domain was launched in Europe a pilot project was launched. The project aimed at demonstration of operational performance in the transmission of SBAS corrections with the help of IALA beacons and Inland waterways domain, additionally it also provides a detailed cost benefit analysis for the proposed solutions. Hence, continuous research and investment in advancement of satellite positioning system will drive market growth of SBAS market.
Existing infrastructure and equipment are in need for betterment to comply with complex and current industry standards. Adoption of technological innovations across the industry calls upon for application of ordinance to be followed for increased compatibility across different platforms. For instance, in the aviation sector International Civil Aviation Organization (ICAO) set strict operational requirements for use in such critical flight stages and GPS does not satisfy those terms. However, on addition of SBAS, ICAO standards are satiated. Robust guidelines and stringent regulations in airports boost the market of SBAS.
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