What is the study period of market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Which region is expected to show the highest market share in the market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

What are the major market players covered in the report?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

What is the current size of the market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

What is the Year-Over-Year Growth Rate of Market ?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Global Satellite-Based Augmentation Systems 2016-2020

Q: What is the study period of market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Q: Which region is expected to show the highest market share in the market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Q: What are the major market players covered in the report?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Q: What is the current size of the market?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Q: What is the Year-Over-Year Growth Rate of Market ?

. <a href='https://www.technavio.com/report/global-aerospace-components-satellite-based-augmentation-systems-market'>Read More</a>

Published: Jan 2016
Pages: 78
SKU: IRTNTR7930

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Market outlook of global satellite-based augmentation system

Technavio’s research analyst estimates that the global market for satellite-based augmentation system will grow at a CAGR of more than 5% during the forecast period. The rising global demand for air transport is anticipated to bolster market growth as the rise in air traffic will result in the augmented demand for satellite-based augmentation systems.

The increase in airport development and modernization projects is the key driver for the growth of this market. The recent growth in air traffic, both passenger, and cargo has resulted in the expansion and modernization of existing airports. The expansion and modernization of existing airports are expected to bolster the demand for an effective satellite-based augmentation system, which will aid in managing traffic and aircraft movement.