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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.
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.
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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.
By Hardware | By Type | By Platform | By Application | By End User | By Geography | |
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