PUBLISHER: The Business Research Company | PRODUCT CODE: 1464036
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464036
Assured Positioning, Navigation, and Timing (PNT) encompass technologies and systems designed to ensure dependable and precise positioning, navigation, and timing information, particularly in environments where traditional GPS signals may be unreliable or inaccessible. These solutions bolster the resilience and security of critical operations in sectors such as defense, transportation, and infrastructure.
The primary components of assured PNT systems include atomic clocks, antennas, transponders, sensors, power amplifiers, receivers, and other related elements. Atomic clocks are highly accurate timekeeping devices that utilize atomic vibrations as a standard for measuring time. They find applications across air, land, and naval platforms, particularly among defense and homeland security end users.
The assured positioning, navigation, and timing market research report is one of a series of new reports from The Business Research Company that provides assured positioning, navigation, and timing market statistics, including assured positioning, navigation, and timing industry global market size, regional shares, competitors with an assured positioning, navigation, and timing market share, detailed assured positioning, navigation, and timing market segments, market trends and opportunities, and any further data you may need to thrive in the assured positioning, navigation, and timing industry. This assured positioning, navigation, and timing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The assured positioning, navigation, and timing (PNT) market size has grown exponentially in recent years. It will grow from $0.81 billion in 2023 to $1.05 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The growth observed in the historical period can be attributed to several factors, including the global increase in demand for automotive products, widespread adoption of UAVs and autonomous vehicles, growing utilization of PNT for commercial applications, rising demand in military applications, and increasing need for precise navigation solutions in civilian applications.
The assured positioning, navigation, and timing (PNT) market size is expected to see exponential growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 29.2%. The anticipated growth in the forecast period can be attributed to several factors, including increasing demand for security products, a need for enhanced infrastructure, growing adoption of integrated defense electronics technologies, rising requirements for modernization programs, and an increased utilization of advanced technologies to improve security measures. Major trends expected during this period include the integration of multiple technologies, integration with 5G networks, applications of augmented reality (AR) and virtual reality (VR), implementation of resilience and anti-spoofing technologies, and the integration of blockchain for secure positioning.
The widespread adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles is poised to drive significant growth within the assured positioning, navigation, and timing (PNT) market. Autonomous vehicles, equipped with advanced technologies enabling them to navigate and operate without direct human intervention, rely heavily on Assured PNT (APNT) systems to ensure precise positioning and navigation, particularly in challenging or GPS-denied environments. This convergence of technologies underscores the critical role played by APNT solutions in facilitating the safe and accurate navigation of UAVs and autonomous vehicles. Data from DefenseScoop, a US-based news source dedicated to military acquisition, highlights substantial investments by the United States Department of Defense (DoD) in UAV procurement and research and development, underscoring the strategic importance of advancing capabilities in this domain. The proposed budget for fiscal year 2024 further emphasizes the commitment to accelerating combat drone development and procurement, signaling robust growth prospects for the assured PNT market driven by the high adoption of unmanned aerial vehicles and autonomous vehicles.
Leading players within the assured PNT market are actively engaged in developing innovative solutions to address evolving industry requirements and sustain competitive advantages. One such innovation is exemplified by AC2ES (A-PNT Converged Computing-Embedded and Scalable), an advanced Assured PNT solution introduced by Leonardo DRS, a prominent US-based arms industry company. AC2ES offers a flexible and scalable capability designed to deliver A-PNT information in GPS-threatened environments, presenting significant advantages in terms of schedule, cost, and capability. Equipped with vision navigation technology and built on a cyber-hardened computing platform, AC2ES represents a scalable and tailorable solution that can be customized to meet diverse requirements across various vehicle platforms. By converging best-of-breed A-PNT capabilities with cyber-hardened computing, AC2ES offers a cost-effective and flexible approach to A-PNT distribution, positioning itself as a strategic asset for ensuring the integrity and reliability of navigation systems in UAVs and autonomous vehicles. This innovative solution underscores the commitment of major industry players to driving advancements in APNT technologies and meeting the evolving needs of the market.
In October 2022, Viavi Solutions Inc., a communications equipment company headquartered in the United States, successfully acquired Jackson Labs for an undisclosed sum. This strategic acquisition is poised to expand Viavi Solutions' global market presence and offer top-tier Positioning, Navigation, and Timing (PNT) solutions in response to the evolving PNT landscape. These solutions will cater to various sectors such as telecommunications, avionics, and mission-critical infrastructure. Jackson Labs Technologies, based in the United States, is an independent, non-profit biomedical research institution specializing in PNT solutions for critical military and civilian infrastructure applications.
Major companies operating in the assured positioning, navigation, and timing (PNT) market report are Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc, Collins Aerospace, Thales Group, L3Harris Technologies Inc., RTX Corporation, Leidos, Leica Geosystems AG, Hexagon AB, IAI Groups, Garmin Ltd., Curtiss-Wright Corporation, Topcon Positioning Systems, Advanced Navigation, Aevex Aerospace, Bliley Technologies Inc., Spirent Communications, KVH Industries, Inc., Swift Navigation, Septentrio N.V., SBG Systems, Tallysman Wireless Inc., Tersus GNSS Inc., Hemisphere GNSS
North America was the largest region in the assured positioning, navigation, and timing (PNT) market in 2023. The regions covered in the assured positioning, navigation, and timing (PNT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the assured positioning, navigation, and timing (PNT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The assured positioning, navigation, and timing market consists of revenues earned by entities by providing services such as positioning services, navigation services, timing services, signal integrity and authentication, training and consultation, security solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The assured positioning, navigation, and timing market includes of sales of navigation satellite systems (GNSS) receiver system, inertial navigation systems, signal processing equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
Assured Positioning, Navigation, And Timing (PNT) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on assured positioning, navigation, and timing (PNT) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for assured positioning, navigation, and timing (PNT) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The assured positioning, navigation, and timing (PNT) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.