Assured Positioning, Navigation & Timing (PNT) Market Forecasts to 2030 - Global Analysis By Type (Nano, Micro and Mini), Platform (Naval, Air and Land), Component, End User and By Geography

According to Stratistics MRC, the Global Assured Positioning, Navigation & Timing Market is accounted for $0.51 billion in 2023 and is expected to reach $2.85 billion by 2030 growing at a CAGR of 27.8% during the forecast period. Assured PNT tracks an object's position and location relative to its starting point using gyroscopes and accelerometers. Assured PNT systems play an important role in precise modern military warfare by improving the navigation, positioning, and survivability functions of airborne, land, and naval platforms. Assured PNT directly enables positioning of forces; navigation across the operational environment; communication networks; situational awareness applications; and protection, surveillance, targeting, and engagement systems that contribute to combined arms maneuver. Assured PNT provides services for vital infrastructure, aviation, maritime, transportation, telecommunications, defence, and the military.

Market Dynamics:

Driver:

• Increasing availability of miniaturized components at affordable prices.

• The position and location of an object with respect to its beginning point are tracked by Assured PNT using gyroscopes and accelerometers. Micro-electro-mechanical systems (MEMS), one of the developments in navigational technology, have improved fabrication and assembly methods, resulting in smaller and simpler components. In addition, a number of component producers are striving to reduce component prices, which could ultimately bring down the whole cost of inertial navigation systems. As a result, the market for assured PNT is anticipated to develop due to the availability of miniaturized components at affordable prices.

Restraint:

• Lack of operational parameters.

• The standard operating parameters of APNT technologies are not identical because they are still in the development stage. ADS-B (Automatic Dependent Surveillance Broadcast) location criteria are not met by APNT technology either; hence, secondary surveillance radars (SSRs) are still necessary for aircraft operations, particularly in general aviation. In order to handle APNT signal transmissions, the current ground-based assets would also need to be modified. This reduces the technology's potential for operators and service providers equally and may hinder the growth of the APNT market.

Opportunity:

• Military supremacy.

• Military forces need accurate location and navigational data to keep an eye on their troops, enemy positions, and potential dangers. Soldiers and commanders can plan moves, make educated judgments, and successfully accomplish missions due to assured PNT systems. Furthermore, in targeting and weapon systems, PNT capabilities must be guaranteed. The demand for secured PNT in the defense industry is driven by the requirement to uphold military supremacy, enhance operational effectiveness, and guarantee mission success. The use of secured PNT solutions will rise as military forces remain dependent on advanced technologies in the face of emerging threats, accelerating the global assured PNT market.

Threat:

• Inadequate advancements in feasible technologies.

• PNT technologies are crucial from a business and social standpoint since they are widely used by essential infrastructure, such as communications, electricity, banking, and transportation. PNT services are thought to contribute around 10% of the European GDP, and the loss of GNSS might cost the continent $1.07 billion per day. The military sector is where the technology is most popular, while other industries have just a very small adoption rate. The market demand is being hampered by the outcomes of several APNT R&D activities that are still in progress internationally.

COVID-19 Impact::

• During the COVID-19 pandemic, the need for guaranteed PNT in monitoring systems for airports and other critical infrastructure decreased. However, the Navigation Satellite System (GNSS) saw tremendous expansion. The dependency on GNSS signals has not decreased as a result of the COVID-19 epidemic; on the contrary, it might be claimed that the pandemic has increased the urgency with which the GNSS signals must be secured or protected. Numerous regions throughout the world, including the Persian Gulf, China, the Eastern and Central Mediterranean, and Northern Norway, reported thousands of GNSS interruption occurrences in 2020. This preserved the Assured PNT market's growth rate.

• The air segment is expected to be the largest during the forecast period

• The air segment is expected to be the largest during the forecast period. The requirement for military aircraft and air-launched missiles that employ APNT technology will grow as military superpowers like the US, China, and Russia are anticipated to expand their defense budget in order to more effectively eradicate opposing forces even in GPS-contested regions. Additionally, it is anticipated that the development of sixth-generation aircraft technology will encourage research and development (R&D) for new technologies to be integrated onboard. The boosting demand for aircraft integration solutions is driving the segment demand.

• The defence segment is expected to have the highest CAGR during the forecast period

• The defence segment is anticipated to witness the fastest CAGR growth during the forecast period. The Assured Positioning, Navigation, and Timing System offers the dismounted Soldier a compact, lightweight system for acquiring, safeguarding, and distributing secure PNT. A-PNT can offer military personnel a dependable alternative to GPS. For networks to be in sync and for communications to reach soldiers where they are supposed to, GNSS's precise timing is crucial. The segment's expansion is being fuelled by its position, direction, and speed in absolute terms.

Region with largest share:

North America is projected to hold the largest market share during the forecast period, owing to the increasing expenditures in the aerospace and aviation sectors in the United States. The US has subsidized APNT's advancement. Major US aerospace firms are making significant investments in the creation of cutting-edge APNT systems that may be used to thwart adversarial defensive measures. These firms include Raytheon Technologies Corporation, Northrop Grumman Corporation, and Leidos Inc. The APNT market is encouraged to expand by each of these factors.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. Because of its emphasis on improving existing infrastructure, North America has the potential to be seen as a mature market for guaranteed PNT. Government agencies in the region are getting more effective and technologically cutting-edge military navigation systems as a result of the industry's intense competition. The market expansion is estimated to be fuelled by the rise in demand for security products and services across sectors including border, marine, and aviation security.

Key players in the market:

Some of the key players in Assured Positioning, Navigation & Timing Market include: BAE Systems PLC, Cobham Limited, Curtis-Wright Corporation, Garmin Limited, General Dynamic Corporation, Hexagon AB, Honeywell International, Israel Aerospace Industries, L3Harris Technologies, Leonardo DRS, Lockheed Martin Corporation, Northrop Grumman Corporation, Novatel Inc., Orolia Holding SAS, Qualcomm Technologies Limited, Raytheon Technologies Corporation, Rheinmetall AG, Spirent Communications, Thales Group, Viavi Solutions Inc. and WR Systems.

Key Developments:

• In February 2023, Viavi Solutions introduced the PNT-6200 Series assured reference for resilient Positioning, Navigation, and Timing (PNT). It ensures the highest level of resilience for critical infrastructure that is dependent on positioning and timing. This compact system can supplement or even replace GPS signals by connecting to the market's broadest range of timing sources, including Low Earth Orbit (LEO), GNSS, commercial satellites, terrestrial, wireline, and atomic clock services.

• In September 2022, BAE Systems has been offered a USD 13 million contract to develop advanced GPS technology to protect US F-15E aircraft from GPS signal jamming and spoofing. The Digital GPS Anti-jam Receiver (DIGAR) from the company will ensure the reliability of military GPS systems for aircraft operating in signal-challenged environments.

• In September 2022, The United States Army awarded Raytheon Technologies' Collins Aerospace company a prospective five-year contract to develop the current generation of positioning, navigation, and timing systems for the service's uncrewed and manned ground vehicles.

Types Covered:

• Nano
• Micro
• Mini

Platforms Covered:

• Naval
• Air
• Land

Components Covered:

• Antennas
• Sensors
• Transponders
• Power Amplifiers
• Atomic Clocks
• Receivers
• Other Components

End Users Covered:

• Homeland Security
• Defence

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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