Satellite-based GNSS Augmentation System Market Analysis

Application (Aviation, Maritime, Road & Rail)

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 2036. 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%.

Platform {Wide Area Augmentation System (WAAS), European Geostationary Navigation Overlay Service (EGNOS)}

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 2036. 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 market includes the following segments: