Satellite-Based Augmentation System Market Report 2025

The satellite-based augmentation system market size has grown rapidly in recent years. It will grow from $1.4 billion in 2024 to $1.54 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to aviation safety regulations, growing air traffic, maritime navigation requirements, surveying and mapping applications, and precision agriculture.

The satellite-based augmentation system market size is expected to see strong growth in the next few years. It will grow to $2.11 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global navigation satellite system (GNSS) market growth, the emergence of unmanned aerial vehicles (UAVs), expansion of location-based services (lbs), infrastructure development, and increased demand for autonomous vehicles. Major trends in the forecast period include global expansion of SbAS networks, enhanced disaster management and emergency response, integration into surveying and geomatics, development of next-generation SbAS, partnerships, and collaborations for SbAS implementation.

The increasing air traffic is anticipated to drive the growth of the satellite-based augmentation system market in the future. Air traffic refers to the movement and management of aircraft within the airspace, which is overseen by air traffic control (ATC) services to ensure safe and efficient operations. Aircraft operations and air traffic provide essential real-world validation, data collection, and user feedback that enhance the accuracy, reliability, and performance of satellite-based augmentation systems (SBAS), thereby improving aviation safety and effectiveness. For example, in March 2023, a report published by the Bureau of Transportation Statistics, a US-based government agency, revealed that in 2022, US airlines transported 194 million more passengers than in 2021, representing a 30% year-on-year increase. Therefore, the rising air traffic is propelling the growth of 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.

Key players in the satellite-based augmentation system market are concentrating on strategic investments to boost the production of innovative satellite-based augmentation systems. These strategic investments enhance production efficiency, promote product innovation, reduce operational costs, and expand market reach. Such initiatives enable companies to meet rising demand and strengthen their competitive position. For example, in September 2022, Lockheed Martin, a US-based aerospace and defense firm, invested in the Southern Positioning Augmentation Network (SouthPAN). This investment underscores the increasing significance of satellite-based solutions across various sectors, including aviation, maritime, and agriculture.

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 include 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 2024. 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.

A satellite-based augmentation system (SBAS) stands as a pivotal air navigation system that enhances the accuracy and reliability of the global navigation satellite system (GNSS) signals. It significantly improves service availability over a wide geographic expanse and ensures a more dependable navigation service compared to the GNSS operating independently.

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.

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