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

Report ID: GMI5842
Published Date: May 2023
Report Format: PDF

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Assured Positioning, Navigation, and Timing Market Share

Some major players operating in the assured PNT (Positioning, Navigation, and Timing) market includes

Bae Systems PLC
L3Harris Technologies, Inc.
Northrop Grumman
General Dynamics Corporation
Leonardo DRS
Honeywell International
Raytheon Technologies

These players focus on strategic partnerships and new platform launches & commercialization for market expansion. They are heavily investing in the R&D of innovative platforms and garnering maximum revenue in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of assured PNT (positioning, navigation, and timing) exceeded USD 800 million in 2022 and is estimated to expand at over 25% CAGR from 2023 to 2032 due to the ongoing military modernization programs in various countries worldwide.

Assured positioning, navigation, and timing industry share from sensor components will record more than 28% CAGR from 2023 to 2032 owing to increasing adoption of environmental sensors, clock synchronization sensors, barometric altimeters, and inertial measurement units.

Based on platform, the assured PNT market from the air segment crossed USD 300 million in 2022 due to the increasing defense budgets of military powerhouses, such as the U.S., China, and Russia.

North America recorded more than 35% of the assured PNT market share in 2022 owing to rising investments for creating and implementing cutting-edge navigation systems for improved interoperability between different military platforms.