Satellite-Based Augmentation Systems Market
Satellite-Based Augmentation Systems Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Satellite-Based Augmentation Systems Market Size and Growth
The Satellite-Based Augmentation Systems (SBAS) market is experiencing significant growth, driven by increasing demand for precise navigation and positioning services. The market size is projected to reach approximately $1.5 billion by 2026, reflecting a CAGR of around 9% from 2021. Technological advancements and expanding applications in aviation and transportation are key growth drivers. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Garmin
◍ Raytheon
◍ Rockwell Collins
◍ Thales
◍ Advanced Navigation & Positioning
◍ Comsoft
◍ Copperchase
◍ Honeywell International
◍ Intelcan Technosystems
◍ Lockheed Martin
The Satellite-Based Augmentation Systems (SBAS) market features key players like Garmin, Raytheon, Rockwell Collins, and Thales, which enhance navigation accuracy and safety. These companies innovate SBAS applications in aviation, transportation, and defense, driving market growth. Selected sales revenues include:
- Garmin: $4.2 billion
- Honeywell: $34.4 billion
- Lockheed Martin: $67 billion
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Market Segmentation
By Application
Automatic Vehicle Location
Tracking systems
Navigation
PNSs
Others
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By Product
Hardware
Software
Market Growth
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$ X Billion USD
