Satellite-based Augmentation System Global Market Report 2024

The satellite-based augmentation system market size has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth witnessed in the historic period can be linked to various factors such as the stringent implementation of aviation safety regulations, the escalating volume of air traffic, heightened requirements in maritime navigation, expanding applications in surveying and mapping, and the adoption of precision agriculture techniques. These elements collectively contributed to the advancement and wider adoption of satellite-based augmentation systems (SBAS).

The satellite-based augmentation system market size is expected to see strong growth in the next few years. It will grow to $2 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period is driven by several factors such as the expansion of the global navigation satellite system (GNSS) market, the emergence and increased use of unmanned aerial vehicles (UAVs), the growing expansion of location-based services (LBS), ongoing infrastructure development, and rising demand for autonomous vehicles. Notable trends in this period encompass the global expansion of satellite-based augmentation systems (SBAS) networks, improved disaster management and emergency response capabilities, integration of SBAS into surveying and geomatics, the development of advanced SBAS technologies, and increased partnerships and collaborations for the implementation of SBAS.

The satellite-based augmentation system (SBAS) market is anticipated to experience growth driven by the increasing air traffic. Air traffic involves the movement and management of airplanes in the airspace, overseen by air traffic control (ATC) services to ensure safe and efficient operations. The real-world validation, data gathering, and user input provided by aircraft operations and air traffic contribute to enhancing the accuracy, dependability, and performance of SBAS. This, in turn, strengthens aviation safety and effectiveness. A report published by the Bureau of Transportation Statistics in March 2023 revealed a significant increase in US airline passengers in 2022, with 194 million more passengers transported compared to 2021, representing a 30% year-on-year increase. In total, US airlines carried 853 million passengers from January to December 2022, up from 658 million in 2021 and 388 million in 2020. The growing air traffic emerges as a key driver for the satellite-based augmentation system market.

The satellite-based augmentation system market is poised for growth, driven by the increasing acceptance of advanced technology. Advanced technology encompasses cutting-edge innovations and sophisticated methodologies designed to enhance efficiency, productivity, and overall performance across diverse industries. SBAS plays a crucial role in fostering the acceptance of advanced technology by offering precise and reliable navigation solutions, thereby contributing to improved safety and efficiency in various applications. A report published by the Census Bureau in September 2023 highlighted the positive impact of automation technologies on employment levels, with 76% of businesses using automation for standardizing or automating daily workflows and 58% utilizing automation for data/reporting for planning. The growing acceptance of advanced technology stands out as a significant driver for the growth of the satellite-based augmentation system market.

Product innovation stands out as a pivotal trend gaining momentum within the satellite-based augmentation system market. Leading corporations in this sector are strategically directing their efforts towards the development of groundbreaking products to fortify their market positions. An illustrative example occurred in July 2021 when U-blox, a technology company based in Switzerland, unveiled the PointPerfect location service. This service offers advanced global navigation satellite system (GNSS) augmentation tailored for applications demanding highly precise and reliable positioning, notably in unmanned aerial vehicles (UAVs) and other autonomous vehicles. PointPerfect ensures consistent coverage across Europe and the contiguous United States, extending up to 12 nautical miles (approximately 22 kilometers) off coastlines via mobile internet or L-band satellite transmissions.

Prominent enterprises in the satellite-based augmentation system market are strategically leveraging technology to enhance operational efficiencies and fortify their market positions. A notable development unfolded in December 2022 when Airbus, a global aerospace company based in France, achieved a significant milestone with EGNOS V3 for the European Geostationary Navigation Overlay Service (EGNOS). The newly introduced V3 generation of EGNOS by Airbus, incorporating multiple frequencies and constellations, elevates the precision, reliability, and compatibility of satellite-based augmentation systems. These technological advancements are strategically positioned to meet the growing demand for navigation services, contributing to the anticipated growth of the satellite-based augmentation system market, forecasted to reach $2.22 billion by 2025.

In May 2023, Viasat Inc., a French communications firm, completed the acquisition of Inmarsat Global Limited for an undisclosed sum. This strategic move bolsters Viasat Inc.'s standing within the satellite communication sector by enabling the consolidation of spectrum, satellite, and terrestrial assets. The acquisition encompasses 19 satellites operating across the Ka, L, and S-bands in space. Inmarsat Global Limited, a UK-based satellite services provider, specializes in delivering mobile satellite communication services, including satellite-based augmentation system (SBAS) offerings.

Major companies operating in the satellite-based augmentation system market report are RTX Corporation (Raytheon Technologies Corporation), Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell International Inc., Broadcom Corporation, Safran Group, Federal Aviation Administration (FAA), Thales Group, L3Harris Technologies Inc., STMicroelectronics N.V., Elbit Systems Ltd., Rockwell Collins Inc., Garmin Ltd., Trimble Inc., Collins Aerospace, Topcon Corporation, Inmarsat Global Limited, u-Blox Holding AG, Spirent Communications Plc, GMV Innovating Solutions S.L., NovAtel Inc., Universal Avionics Systems Corporation, Accord Software & Systems Pvt. Ltd., Swift Navigation Inc., Hemisphere GNSS, Grintex India Limited, Septentrio NV, Locosys Technology Inc., NexNav Inc., NavatechGPS.

North America was the largest region in the satellite-based augmentation system market in 2023. Asia-Pacific is expected to be the significant growing region in the forecast period. The regions covered in the satellite-based augmentation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the satellite-based augmentation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Key SBAS systems include the Wide Area Augmentation System (WAAS), the European Geostationary Navigation Overlay Service (EGNOS), the Multi-functional Satellite Augmentation System (MSAS), GPS-Assisted GEO Augmented Navigation (GAGAN), the System for Differential Corrections and Monitoring (SDCM), among others. WAAS, for instance, is a satellite-based navigation system developed by the FAA to boost the precision and dependability of GPS signals for aviation purposes. It provides services to various aircraft classes throughout all flight phases, encompassing en-route navigation, airport departures, and arrivals. These systems involve components such as satellites, ground stations, receivers, and others and find applications across aviation, maritime, road and rail, surveying, timing and synchronization, agriculture, and more.

The satellite-based augmentation systems research report is one of a series of new reports that provides satellite-based augmentation systems market statistics, including the satellite-based augmentation systems industry's global market size, regional shares, competitors with an satellite-based augmentation systems market share, detailed satellite-based augmentation systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite-based augmentation systems industry. This satellite-based augmentation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The satellite-based augmentation system market includes of revenues earned by entities by providing services such as soil condition monitoring, geo-traceability, ionospheric corrections, and system monitoring and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.