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

The global Satellite Positioning Navigation and Timing Technology Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Satellite Positioning, Navigation, and Timing (PNT) technology use satellite-based systems to determine precise location, velocity, and time information. This technology is essential for various applications, including aviation, maritime navigation, surveying, and military operations. An example of a satellite-based PNT system in operation is GPS. This system consists of a network of satellites in orbit around the Earth that transmits signals to GPS receivers and other PNT devices on the ground. By analyzing signals from multiple satellites, PNT devices can calculate their precise location, velocity, and time information.

Key Market Insights

The market for satellite Positioning, Navigation, and Timing (PNT) technology is expected to grow in the study period owing to the increasing demand for resilient and secure positioning, navigation, location, and timing, PNT technology provided by GNSS across the globe for various applications like automotive, healthcare, defense, aerospace. The emergence of alternate clocks through research and development will increase the accuracy of PNT technology which will drive the growth in the market. Applications of high-precision positioning technology like ADAS in connected vehicles, V2X communication, autonomous driving, drones, and UAVs are increasing the demand for the PNT technology 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 satellite PNT market. The country-wise regulations and absence of standard operational parameters can also hinder the growth of the satellite positioning, navigation, and timing (PNT) market.

Impact of COVID-19 on the Satellite Positioning, Navigation, and Timing (PNT) Technology Market

The COVID-19 pandemic gives rise to the positioning, 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 the adoption of digital services and the introduction new sensor-based applications such as tracking and supply chains.

Segmentation

The PNT market can be segmented by hardware, platform, application, end user, and geography. On the basis of hardware, the market is segmented into atomic clocks, transponders, antennas, receivers, sensors, and power amplifiers. By platform, the market is segmented into air, land, and sea. The air segment is expected to lead the satellite PNT market. Based on the end user, the market is studied across civil, government, commercial, and defense. The market can be segmented geographically into North America, Europe, Asia Pacific, and the rest of the World.

The hardware segment is predicted to contribute to the largest market share. Due to crucial automotive, transport, aviation, logistics, and marine applications, navigation-based applications, they are anticipated to contribute to prominent share in the satellite PNT market.

Key Insights

The report will include the following key insights:

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


• The report also analyzes an overview and forecast of the Satellite Positioning, Navigation, and Timing (PNT) Technology market based on various segments.


• The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, rest of the world, after evaluating political, social, economic, and technological factors affecting the impact of the Satellite Positioning, Navigation, and Timing (PNT) Technology market in these regions.

Regional Analysis

North America is expected to lead the Satellite Positioning, Navigation, and Timing (PNT) technology market during the forecast period. The market dominance is because of 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 have a significant growth rate owing to increased spending on enhancing in-house capabilities for use in various applications like automotive, aviation, transport, marine, defense, etc. South Asian economies such as 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


• Others

Key Industry Developments

• In September 2022, Collins Aerospace, a subsidiary of Raytheon Technologies, snagged a five-year contract worth 583 million USD from US Army to produce the latest generation PNT system. The new PNT technology is for US Army’s uncrewed and human-crewed ground vehicles.


• In February 2023, American information technology company CACI entered a five-year cooperative research and development (CRADA) with US Army and Missile Defence Technical Center to develop secure and resilient positioning, navigation, and timing tools.


• In November 2022, Space transportation and logistics company, D-Orbit secured a contract from Swiss-based, SpacePNT. As per the contract, SpacePNT will facilitate the integration of a new GNSS receiver into D-Orbit’s proprietary orbital transfer vehicle (OTV) named ION Satellite Carrier. SpacePNT will work on enhancing the positioning capabilities of the ION Satellite Carrier.