Satellite-based GNSS Augmentation System Market Analysis by Application (Aviation, Maritime, Road & Rail, and Others); and by Platform {Wide Area Augmentation System (WAAS), European Geostationary Navigation Overlay Service (EGNOS), and Others} – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 3882 | Published Date: Apr 03, 2023
The global satellite-based GNSS augmentation system market is estimated to garner a revenue of ~USD 30 billion by the end of 2035 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 10 Billion in the year 2022. GNSS or Global Navigation Satellite System provides positioning, navigation and timing services on a global or regional basis. Market growth is primarily driven by constant breakthroughs and advancements in technologies such as GPS systems. Moreover, increasing investment by governments and private institutions in developing advanced satellite-based services is estimated to further drive the market growth. According to the United Nations Office for Outer Space Affairs (UNOOSA), the International Navigation Systems Commission (ICG) is working to establish interoperability between global systems. It allows GNSS users to receive signals from multiple satellites for navigation and positioning. Moreover, rising security concerns related to civil aviation may also boost the market growth.
GNSS augmentation systems use a combination of ground-based and space-based infrastructure to improve the accuracy, integrity, availability, and continuity of GNSS signals. They may employ techniques such as differential correction, precise point positioning, and real-time kinematic (RTK) positioning to reduce errors and improve positioning accuracy to centimeter-level or even millimeter-level. The market includes various components, such as ground-based reference stations, communication links, processing centers, and user receivers, as well as related software and services.
It is a method of improving navigation system characteristics such as accuracy, reliability, and availability by integrating extended external information from the Global Navigation Satellite System (GNSS) into the calculation process. There are many such systems, and they are commonly named or described based on how the GNSS sensors receive external information. Some systems transmit additional information about the cause of the error (clock drift, ephemeris, ionospheric delay, and others), others provide a direct measurement of how strong the signal has failed in the past, and a third Groups provide additional vehicle information that is integrated into the calculation. Satellite-based augmentation systems (SBAS) use supplemental satellite broadcast messages to support long-range or regional augmentation. Using the measurements from the ground station, a correction message is created and sent to one or more satellites for transmission to the end user as a difference signal. SBAS is sometimes synonymous with WADGPS (Wide-Area Differential GPS).
In addition to this, cloud-based digital services have grown worldwide over the years. For instance, cloud-based services are expected to grow by 30% in 2023 and are estimated to grow even more during the forecast period. Hence, it is also estimated to boost the global satellite-based GNSS augmentation system market growth significantly during the forecast period. It is a method of improving navigation system characteristics such as accuracy, reliability, and availability by integrating extended external information from the global navigation satellite system (GNSS) into the calculation process. There are many such systems, and they are commonly named or described based on how the GNSS sensors receive external information.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 30 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The global satellite-based GNSS augmentation system market is segmented and analyzed for demand and supply by application into aviation, maritime, road & rail, and others. Out of the four types of applications, the aviation segment is estimated to gain the largest market share of about ~35% in the year 2035. The growth of the segment can be accredited to the increasing application of GNSS to navigation between aircraft and achieving high efficiency in GNSS systems around the world. Moreover, the increase in the number of passengers in air transport is expected to increase the frequency of air travel, which is estimated to further drive the growth of this segment. In November 2022, the number of international scheduled passengers was 2,315,000. International passenger transport continues to be severely impacted by the COVID-19 pandemic. The number of passengers in November 2021 is 156,211, and the number of passengers in November 2019 is 3.426 million. The number of passengers in the fiscal period ended November 2022 was 16,681,000, down 60.7% from the fiscal period ended November 2019 (42,420,000). In November 2021, the number of passengers was 1,234,000. A total of 2,795,000 seats are now available on scheduled international flights to and from Australia scheduled for November 2022. This is an increase of 36.0 compared to November 2019. Overall seat occupancy was 80.6% in November 2019 and 24.9% in November 2019. By November 2022, it had risen to 85.5%.
The global satellite-based GNSS augmentation system market is also segmented and analyzed for demand and supply by platform into wide area augmentation system (WAAS), European geostationary navigation overlay service (EGNOS), and others. Amongst these three segments, the oral film segment is expected to garner a significant share of around ~30% in the year 2035. The growth of the segment can be accredited to the fact that the main advantage of WAAS is that it greatly improves accuracy. Conventional GPS is accurate to within 15 meters (about 50 feet). A WAAS-enabled GPS has an accuracy of less than 3 meters 95% of the time. WAAS serves all aircraft classes during all phases of flight, including in-flight navigation, departure and airport arrival. This includes a vertical guided landing approach under instrument weather conditions at all certified locations throughout NAS. WAAS is a highly accurate navigation system developed for civil aviation. Before WAAS, it was the United States. The National Airspace System (NAS) never had the potential to provide horizontal and vertical navigation for approach operations to all users in all locations. WAAS provides this functionality. Increasing number of artificial satellites is estimated to influence the segmental growth. As of January 1, 2022, 2,944 of the 4,852 active artificial satellites orbiting the Earth belong to the United States. This is by far the largest number among individual countries, with closest competitor China accounting for just 499. A satellite is an artificial object that is intentionally placed into orbit.
Our in-depth analysis of the global satellite-based GNSS augmentation system market includes the following segments:
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By Application |
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By Platform |
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The European satellite-based GNSS augmentation system market, amongst the market in all the other regions, is projected to hold the largest market share of about ~35% by the end of 2035. The regional growth can majorly be attributed to the growing acceptance of advanced technology in the region, which has increased the demand for air transportation. European Global Navigation Satellite System "EGNSS" This comprises the Global Navigation Satellite System set up under the Galileo Program and the European Geostationary Overlay Service (EGNOS). Galileo entered the Initial Operational Capability (IOC) phase in the year 2016. Since then, anyone with a Galileo-enabled device can use that signal for positioning, navigation, and timing. There are currently over 200 Galileo-enabled smartphones and tablets on the market, contributing to an installed base of over 1 billion. Galileo is also employed in other user domains such as transportation and specialized areas (such as surveying and agricultural applications). According to The World Bank, 87% of the population in the Europe region, used internet as of the year 2021. Hence, increasing governmental initiatives and growing penetration of smart devices and internet are estimated to add to the regional market growth over the forecast period.
The satellite-based GNSS augmentation system market in the North America region, amongst the market in all the other regions, is projected to hold the second largest share of about ~24% during the forecast period. The growth of the market in this region can primarily be attributed to the escalating technological advancements in the industrial sector and massive deployment of advanced satellite-based GNSS augmentation system for industrial automation. According to data released by the Census Bureau as part of the 2018 Annual Survey of Manufacturing, more than 30% of workers in the North American region require technical assistance for a variety of purposes, including transportation equipment, primary metals, plastics and rubber products, and used robots. Additionally, the presence of multiple key players in the region and increasing investment in the huge escalation of digitalization process automation are other key factors expected to fuel the market growth during the forecast period. Additionally, with the introduction of satellite-based services such as GPS throughout the regional sectors, the growing aviation industry is expected to further drive the growth of the regional market. For instance, the commercial aviation industry accounts for over 5% of US GDP annually.
Further, the satellite-based GNSS augmentation system market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the fact that the region is increasingly focused on improving technological processes and high manufacturing output. In the year 2020, China's manufacturing output was about USD 3.85 trillion, an increase of 0.8% from the year 2019. Moreover, increasing penetration of the internet among the regional population is expected to boost the market growth in the region in the future. Moreover, the regional market is also expected to gain a prominent share during the forecast period owing to the high adoption rate of modern technology based smart devices and the strong presence of key market players in the region.
Launched by Airbus SE and ESA, the Space Data Highway will provide broadband connectivity services between the International Space Station (ISS) and Earth.
SES collaborated with Honeywell and Hughes to develop multi-network, multi-orbital, high-speed aircraft connectivity for military customers.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Higher precision, dependency, and demand for satellite based navigation services are the major factors driving the growth of the satellite-based GNSS augmentation system market.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2035.
Ans: Privacy concerns amongst people regarding satellites, along with increasing competition from other technologies are the challenges affecting the market growth.
Ans: The North America region is anticipated to provide more business opportunities over the forecast period owing to the growing aviation industry in the region.
Ans: The market in Europe is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by route of application, platform, and by region.
Ans: The aviation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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