Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the global satellite-based augmentation system market to grow at a CAGR of 5.2% during the period 2016-2020.

SBASs such as WAAS, EGNOS, GAGAN, and MSAS are systems that support regional or wide-area augmentation, through the use of multiple satellite-based broadcast. SBAS messages are broadcast through geostationary satellites that cover vast areas. These systems also comprise multiple ground-based stations that take measurements from one or more GNSS satellites.

The report covers the present scenario and the growth prospects of the global satellite-based augmentation system market for 2016-2020. The report provides a global overview of the market and the growth prospects by region (Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing market growth and outlines the challenges faced by vendors and the market as a whole, as well as the key trends emerging in the market.

According to the report, it is necessary to maximize the utilization of the available airspace in a safe and efficient manner. The aviation industry requires substantial investment and improvement in ATC systems. There have been several such activities worldwide in the upgrade of ATC infrastructure. Such efforts have helped the growth of the global satellite-based augmentation system market.

Further, the report states that the high cost of acquisition and the maintenance of a modern ATC system is one of the hurdles for the wide-scale implementation of satellite-based augmentation systems.

Global Satellite-Based Augmentation Systems 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Satellite Based Augmentation Systems: Garmin, Raytheon, Rockwell Collins, Thales and Universal Avionics

Other Prominent Vendors in the market are: Advanced Navigation & Positioning, Comsoft, Copperchase, Honeywell International, Intelcan Technosystems, Lockheed Martin, Northrop Grumman, Saab AB, and Searidge Technologies.

Market driver
- Demand for better fuel efficiency and reduced carbon emissions
- For a full, detailed list, view our report

Market challenge
- High cost of ATM infrastructure modernization
- For a full, detailed list, view our report

Market trend
- Growing implementation of satellite-based navigation systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 78 pages and 47 Exhibit "Global Satellite-Based Augmentation Systems 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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