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Assured Positioning, Navigation, and Timing (PNT) Market Size, Share and COVID-19 Impact Analysis, By Hardware (Atomic Clocks, Transponders, Antennas, Sensors, Power Amplifiers, and Receivers), By Type (Mounted A-PNT System (MAPS), Dismounted A-PNT System (DAPS), Alternative Navigation (ALTNAV), and Others), By Application (Navigation, Positioning, Precision Timing, Geo-Location, and Geographical Information System), By End User (Government, Commercial, Civil, and Defense), By Platform (Air, Land, and Sea) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108148 | Status : Ongoing

 

KEY MARKET INSIGHTS

The assured positioning, navigation, and timing (PNT) market focuses on technologies that provide reliable and accurate location, navigation, and timing information, even in environments with limited or denied access to global navigation satellite systems (GNSS). Assured PNT is essential for situational awareness, target acquisition, command and control, and the effective employment of weapon systems.


The rising demand for resilient and secure position, navigation, location, and timing (PNT) technology provided by GNSS around the world for a variety of applications, including automotive, healthcare, defense, and aerospace, is expected to propel the market for assured Position, Navigation, and Timing (PNT).

The development of alternate clocks through research and development will boost the accuracy of PNT technology, fueling the market expansion. The demand for assured PNT technology is rising due to the applications of high-precision positioning technology, including ADAS in connected vehicles, V2X communication, autonomous driving, drones, and UAVs. Moreover, the extensive use of Mounted Assured PNT (MAPS) vehicle-mounted systems, and Dismounted Assured PNT (DAPS) soldier worn system is also predicted to drive the market. With the launch of the 5G new radio and the increasing adoption of the Internet of Things (IoT) and Industry 4.0, the demand for high-precision PNT technology is expected to increase.

The high cost of maintenance and upgradation and the need for frequent calibration of PNT technology are some restraining factors for the assured positioning, navigation, and timing market. The country-wise regulations and absence of standard operational metrics can also hinder the assured position, navigation, and timing (PNT) industry growth.

Impact of COVID-19 on the Assured PNT Industry


The COVID-19 pandemic gives rise to the position, navigation, and timing of PNT technology. The surge in usage of IoT devices and innovation in GPS-based solutions for applications like geo-location tracking, geo-fencing, GPS based tax collection will further accelerate the demand for PNT technology. The rise in monitoring services for defense purposes and increasing tensions among countries compelled economies to develop and strengthen their positioning, navigation, and timing (PNT) services. Overall pandemic gave rise to adopting of digital services and introducing new sensor-based applications such as tracking and supply chains.

The assured positioning, navigation, and timing market is segmented by hardware, Atomic Clocks, Transponders, Antennas, Sensors, Power Amplifiers, and Receivers. By type, Mounted A-PNT System (MAPS), Dismounted A-PNT System (DAPS), Alternative Navigation (ALTNAV), and others. By platform, air, land, and sea. By application, Navigation, Positioning, Precision Timing, Geo-Location, and Geographical Information System. By end user, Government, Commercial, Civil, and Defense. By geography, North America, Europe, Asia Pacific, and Rest of the World.

Key Insights


The report will include the following key insights:


  • The report analyzes a detailed industry overview, including qualitative and quantitative information.

  • The report analyzes an overview and forecast of the assured positioning, navigation, and timing market based on various segments.

  • The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, and Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the global assured PNT market in these regions.


Regional Analysis


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North America is expected to lead the assured positioning, navigation, and timing technology market during the forecast period. The market dominance is attributed to continuous innovation and the presence of leading players in the positioning, navigation, and timing (PNT) space. The region also leverages autonomous applications that require precise PNT technology. Asia Pacific is predicted to grow significantly due to increased spending on enhancing in-house capabilities for various applications like automotive, aviation, transport, marine, defense, etc. South Asian economies like India, China, and Japan are the key economies responsible for the high growth rate.

Key Players Covered



  • Garmin Ltd.

  • Northrop Grumman

  • BAE Systems

  • Qualcomm Technologies

  • Hexagon AB

  • Raytheon Technologies Corporation

  • WR Systems

  • SAAB

  • Telespazio

  • Thales

  • SAFRAN

  • Booz Allen Hamilton Inc.

  • SpacePNT


Assured Positioning, Navigation, and Timing Market Segmentation























By Hardware


By Type


By Platform


By Application


By End User


By Geography


 



  • Atomic Clocks

  • Transponders

  • Antennas

  • Sensors

  • Power Amplifiers

  • Receivers




  • Mounted A-PNT System (MAPS)

  • Dismounted A-PNT System (DAPS)

  • Alternative Navigation (ALTNAV)

  • Others




  • Air

  • Land

  • Sea




  • Navigation

  • Positioning

  • Precision Timing

  • Geo-Location

  • Geographical Information System




  • Government

  • Commercial

  • Civil

  • Defense




  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia, and the Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and Rest of Asia Pacific)

  • Rest of the World (Middle East & Africa and Latin America)



Key Industry Developments



  • In April 2023, TRX Systems received a USD 402 million worth contract from U.S. Army to produce a second-generation Dismounted Assured PNT System (DAPS). TRX has to supply 700 units of DAPS generation II and related services.

  • In September 2022, Raytheon subsidiary, Collins Aerospace, bagged a contract worth USD 583 million to produce the latest version of the Mounted Assured PNT (MAPS) system for U.S. Army. The MAPS II assists troops in knowing where they are and where they are heading, even in unfavorable environments.

  • In November 2022, U.S. leading open systems integrator Pacific Defense inked a contract with the Defense innovation unit to deliver assured positioning, navigation, and timing (A-PNT) 3U cards which are as per the standards of Sensor Open System Architecture (SOSA).





  • Ongoing
  • 2023
  • 2019-2022
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