PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290812
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290812
Assured Positioning, Navigation, and Timing (APNT) Market size was valued at USD 510.3 million in 2022, expanding at a CAGR of 30.1% from 2023 to 2030.
GNSS satellite PNT (positioning, navigation, and timing) data can be used for a wide range of purposes. In fact, a significant portion of the world's key infrastructure, including as the transportation, energy, and financial markets, now depends on PNT services. However, because GNSS signals are weak, the PNT data they carry is extremely susceptible to a variety of dangers. Governments and businesses are aware that they must spend now to safeguard lives and livelihoods, regardless of whether the integrity of GNSS is compromised by atmospheric events or interfered with by malevolent cyberattacks. The phrase "assured PNT" (aPNT) refers to a group of cutting-edge solutions that protect the most vital PNT-based infrastructure in the world from GNSS disturbances caused by both natural and human activity.
The growing military and defense expenditure is expected to drive the growth of the market during the forecast period. For instance, to reach $2113 billion in 2021, the total global military spending increased by 0.7% in real terms. New statistics on global military expenditures released by the Stockholm International Peace Research Institute (SIPRI) shows that the United States, China, India, the United Kingdom, and Russia were the top five spenders in 2021, together accounting for 62% of expenditure. As it bolstered its forces along the Ukrainian border in 2021, Russia increased its military spending by 2.9% to $65.9 billion. Russia's military spending increased for the third year in a row in 2021, reaching 4.1% of GDP. Thus, the aforementioned fact drive the market growth over the forecast period.
The Global Assured Positioning, Navigation, and Timing (APNT) Market is segmented based on component, installation type, platform and Region.
The APNT market has been divided into three categories based on platform: air, land, and sea. The air segment is expected to dominate the market during the forecast period. Military aircraft and air launched weapons utilizing APNT technology are projected to be more in demand as military superpowers like the US, China, and Russia raise their defense resources in order to more effectively neutralize adversary strongholds even in GPS-contested regions. Additionally, it is anticipated that the development of sixth-generation aircraft technology will stimulate R&D for new technologies to be integrated onboard such platforms, supporting the expansion of APNT-based research and boosting demand for APNT solutions for integration onboard both aircraft and weapons.
North America held the largest share of the market in 2022 as a result of sizable domestic players' spending in APNT systems' R&D. Due to the US government's emphasis on developing and retaining technological dominance versus competitors in a competitive environment, the aerospace and aviation sector in the US has boosted investment during the last five years. The US is also contributing to the growth of APNT. Major US-based industry participants including Raytheon Technologies Corporation, Northrop Grumman Corporation, and Leidos Inc. are spending heavily in the creation of advanced APNT systems that can be utilized to fend off hostile countermeasures and increase the likelihood that a mission will succeed. All of these factors support the expansion of the APNT market in the region.
In October 2021, the AC2ES assured position navigation and timing (A-PNT) system was unveiled by Leonardo DRS Inc. in Arlington, Virginia, to prevent threats against the Global Positioning System (GPS) while enhancing the efficiency of battle networking. The A-PNT Converged Computing - Embedded and Scalable (AC2ES) is intended for military vehicles that use Leonardo DRS technology and offers A-PNT information in GPS-threatened conditions. Warfighters in combat vehicles can control A-PNT operations through A-PNT technology. Through a graphical user interface they are already accustomed to, operators operate on a single screen. A-PNT dissemination and sharing with other vehicles are both possible with AC2ES, which combines A-PNT capabilities with cyber-hardened computers.
The scope of this report covers the market by its major segments, which include as follows: