Assured PNT (Positioning, Navigation, and Timing) Market - By Platform (Air, Land, Naval), By Component (Atomic Clocks, Antennas, Transponders, Sensors, Power Amplifiers, Receivers), By End Use (Defense, Homeland Security), Forecast, 2023 - 2032

Assured Positioning, Navigation, and Timing Market Size

Assured Positioning, Navigation, and Timing Market size valued at over USD 800 million in 2022 and is poised to exhibit over 25% CAGR between 2023 and 2032.

Terrorist activities have been on the rise globally, with attacks shifting from country borders to crowded public places in cities such as airports and restaurants. The security agencies are using smart weapons with advanced military navigation to reduce collateral damage and provide greater accuracy and lower Circular Error Probability (CEP) to neutralize terrorists. The availability of low-cost military navigation components and ongoing military modernization programs in various countries across the globe are further driving market growth.

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Assured PNT systems play an important role in precise modern military warfare by improving the navigation, positioning, and survivability functions of airborne, land, and naval platforms. The growing emphasis on improving advanced navigation capabilities to reduce casualties, the rising need for modernization programs, and the increasing occurrences of asymmetric warfare will propel the assured PNT (positioning, navigation, and timing) market growth. Countries worldwide are investing in the development of missile systems, such as ballistic missiles and cruise missiles, which rely on precise positioning systems for guidance, increasing the use of assured PNT systems in missiles, thereby contributing to business growth.
 

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Assured PNT tracks an object's position and location relative to its starting point using gyroscopes and accelerometers. Previously, gyroscopes and accelerometers used in inertial navigation systems required specialized fabrication and assembly. The cost of these components was significantly higher due to the complexity involved in their fabrication & assembly. Micro-Electro-Mechanical Systems (MEMS); for example, use improved fabrication & assembly techniques, reducing component size and design complexity. Various component manufacturers are attempting to reduce component costs to reduce the overall cost of inertial navigation systems. As a result, the availability of miniaturized components at reasonable prices is expected to propel the assured PNT (positioning, navigation, and timing) market growth.

COVID-19 Impact

The COVID-19 pandemic had a negative impact on the assured PNT market. There was significant impact on military demand, as there was a negative impact on the supply chain worldwide during the peak of the pandemic. The procurement of counter systems for airports and other critical infrastructure were also affected.

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.

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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.

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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.

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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.

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.

Assured Positioning, Navigation, and Timing Industry News

• In February 2023, Viavi Solutions Inc. launched the PNT-6200 Series Assured Reference for resilient Positioning, Navigation, and Timing (PNT). It provides maximum resiliency for critical infrastructure that is dependent on positioning and timing. Based on connectivity to the broadest range of timing sources in the market including Low Earth Orbit (LEO), GNSS, commercial satellites, terrestrial, wireline, and atomic clock services, this compact system can supplement or even replace GPS signals.
• In July 2022, BAE Systems delivered advanced M-Code GPS receivers for ground-based missions to Germany via the Foreign Military Sales (FMS) process. The company supplied its Miniature Precision Lightweight GPS Receiver Engine - M-Code (MPE-M) under a contract with the U.S. Space Systems Command, providing precise geolocation and positioning capabilities in complex & contested operational environments for ground-based soldiers and vehicles as well as other space-constrained applications.

This assured PNT (Positioning, Navigation, and Timing) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments

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By Platform

• Air
• Land
• Nava

By Component

• Atomic clocks
• Antennas
• Transponders
• Sensors
• Power amplifiers
• Receivers
• Others

By End Use

• Defense
• Homeland security

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore 
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel