Assured PNT (Positioning, Navigation, and Timing) Market Analysis

Assured PNT (Positioning, Navigation, and Timing) Market Analysis

The high penetration rate of these solutions in the government & defense and manufacturing industries is the primary factor contributing to the regional market growth. The increased deployment of advanced navigation systems on aircraft, naval ships, unmanned aerial vehicles, and other platforms is a key factor fueling the demand for assured PNT (positioning, navigation, and timing) market in this region. The market is also influenced by factors such as the U.S. government's extensive investments in the defense sector and the region's implementation of advanced GPS infrastructure. The increasing demand for new UAVs and aircraft is another important factor responsible for the expansion of the military navigation in the market. Large production bases and high production capacities of companies are other factors boosting market growth.

To get key market trends

  Download Free Sample

Based on component, the assured PNT (positioning, navigation, and timing) market is segmented into atomic clocks, antennas, transponders, sensors, power amplifiers, receivers, and others. The sensors segment is set to grow at a 28% growth rate of up to 2032. This growth can be attributed to critical sensors such as environmental sensors, clock synchronization sensors, barometric altimeters, and inertial measurement units. Precision in timing is required for a variety of civilian and military applications including communication systems, electrical power grids, air traffic control, and financial networks. Critical components of military operations, such as precision navigation and sensor fusion, rely on precise timing. These factors are supporting the sensor segment expansion.
 

Based on platform, the assured PNT market is divided into air, land, and naval. The air segment accounted for over USD 300 million in 2022, which is attributed to the increasing demand for monitoring activities. The increase in defense budgets of military powerhouses, such as the U.S., China, and Russia, is expected to surge the demand for modernizing aircraft with digital navigation systems. These systems provide resilient capabilities and accurate positioning. The continuously rising demand for these systems in military applications is estimated to fuel the air segment revenue.
 

Based on end use, the assured PNT (positioning, navigation, and timing) market is bifurcated into defense and homeland security. The defense segment held 50% of the market share in 2022 and is slated to observe around 26% CAGR between 2023 to 2032. The defense segment is anticipated to lead the market due to technological developments in obtaining mission-critical data. It is driven by the rising R&D and increased spending on precision positioning, navigation, and timing systems. The rising demand for security products & services across sectors such as border security is likely to fuel market growth.
 

North America dominated the global assured Positioning, Navigation, and Timing market with over 35% market share in 2022. The region is witnessing increased investments in creating & implementing cutting-edge navigation systems to improve interoperability between different military platforms. As regional developments are concentrated on improving the current infrastructure, North America can be seen as a maturing market for assured PNT. Government agencies worldwide are purchasing technologically advanced military navigation solutions, leading to rapid global market expansion. Manufacturers are investing heavily in R&D activities as the market is fiercely competitive and demands innovative products.