Assured Positioning, Navigation, and timing (PNT) market Definition And Segments
Assured positioning, navigation, and timing (PNT) refers to technologies and systems that ensure reliable and accurate positioning, navigation, and timing information, especially in challenging environments where traditional global positioning system (GPS) signals may be unreliable or unavailable. These solutions enhance the resilience and security of critical operations in fields such as defense, transportation, and infrastructure.
The main components of assured positioning, navigation, and timing are atomic clocks, antennas, transponders, sensors, power amplifiers, receivers, and others. Atomic clocks refer to highly accurate timekeeping devices that use the vibrations of atoms as a standard to measure time. It can be used in air, land, and naval platforms by defense and homeland security end users.
The Assured Positioning, Navigation, and timing (PNT) market covered in this report is segmented –
1) By Component: Atomic Clocks, Antennas, Transponders, Sensors, Power Amplifiers, Receivers, Other Components
2) By Platform: Air, Land, Naval
3) By End User: Defense, Homeland Security
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 in the historic period can be attributed to increasing in global demand for automotive products, high adoption of UAV and autonomous vehicles, growing use of PNT for commercial applications, growing demand in military applications, increasing demand 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 growth in the forecast period can be attributed to increasing demand for security products, demand for improved infrastructure, growing adoption of integrated defense electronics technologies, rising need for modernization programs, rising use of advanced technologies to improve security. Major trends in the forecast period include integration of multiple technologies, 5G integration, augmented reality (AR) and virtual reality (VR) applications, resilience and anti-spoofing technologies, blockchain integration for secure positioning.
Unmanned Aerial Vehicles And Autonomous Vehicles Propel Assured PNT Market Growth
The high adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles is expected to propel the growth of the assured PNT market. Autonomous vehicles, referred to as self-driving or driverless vehicles, are vehicles equipped with advanced technologies that enable them to navigate, operate, and make decisions without direct human intervention. APNT systems provide precise positioning and navigation information, allowing UAVs to navigate accurately and safely, especially in complex or GPS-denied environments. For instance, according to the DefenseScoop, a US-based community-driven news source dedicated to the U.S. military's acquisition, in 2022, the United States Department of Defense (DoD) requested over $1 billion for UAV procurement and $314 million for UAV research and development. Further, the U.S. government fiscal 2024 budget aimed to accelerate combat drone development and procurement, proposing a 3.2% boost in the DoD's total discretionary budget authority to $842 billion. Therefore, the high adoption of unmanned aerial vehicles and autonomous vehicles is driving the growth of the assured PNT market.
Major companies operating in the Assured Positioning, Navigation, and timing (PNT) market 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
Advanced Assured Position Navigation And Timing (A-PNT) Solution For Enhanced Warfighter Capabilities
Major companies operating in the Assured Positioning, Navigation, and timing (PNT) market are developing innovative products such as AC2ES to sustain their position in the market. AC2ES is an advanced Assured Position, Navigation, and Timing (A-PNT) solution designed to provide A-PNT information in GPS-threatened environments, offering schedule, cost, and capability advantages. For instance, in September 2021, Leonardo DRS, a US-based arms industry company, launched AC2ES (A-PNT Converged Computing-Embedded and Scalable), which offers a flexible and scalable capability that can be tailored to meet varying requirements, and it includes vision navigation technology. It is a scalable and tailorable A-PNT solution that integrates with advanced off-the-shelf systems. It provides a cost-effective and flexible approach to A-PNT capabilities for various vehicle platforms. This innovative solution converges best-of-breed A-PNT capabilities with cyber-hardened computing, offering flexible and tailorable options for A-PNT distribution and sharing with other on-platform systems.
VIAVI Acquires Jackson Labs For Position, Navigation and Timing (PNT) Solutions
In October 2022, Viavi Solutions Inc., a US-based communications equipment company, acquired Jackson Labs for an undisclosed amount. This acquisition will broaden its market reach worldwide and deliver world-class PNT solutions for the rapidly developing PNT landscape, including telecommunications, avionics, and mission-critical infrastructure of Jackson Labs Technologies. Jackson Laboratory is a US-based independent, non-profit biomedical research institution providing PNT solutions for critical infrastructure serving military and civilian markets.
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 the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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.