Global Assured Positioning, Navigation, And Timing (PNT) Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The Assured Positioning, Navigation, and timing (PNT) market size has grown exponentially in recent years. It will grow from $0.81 billion in 2023 to $1.05 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The growth in the historic period can be attributed to increasing in global demand for automotive products, high adoption of UAV and autonomous vehicles, growing use of PNT for commercial applications, growing demand in military applications, increasing demand for precise navigation solutions in civilian applications.
The Assured Positioning, Navigation, and timing (PNT) market size is expected to see exponential growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 29.2%. The growth in the forecast period can be attributed to increasing demand for security products, demand for improved infrastructure, growing adoption of integrated defense electronics technologies, rising need for modernization programs, rising use of advanced technologies to improve security. Major trends in the forecast period include integration of multiple technologies, 5G integration, augmented reality (AR) and virtual reality (VR) applications, resilience and anti-spoofing technologies, blockchain integration for secure positioning.
The high adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles is expected to propel the growth of the assured PNT market. Autonomous vehicles, referred to as self-driving or driverless vehicles, are vehicles equipped with advanced technologies that enable them to navigate, operate, and make decisions without direct human intervention. APNT systems provide precise positioning and navigation information, allowing UAVs to navigate accurately and safely, especially in complex or GPS-denied environments.
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What Are The Key Trends That Influence Assured Positioning, Navigation, And Timing (PNT) Market Share Analysis?
Major companies operating in the Assured Positioning, Navigation, and timing (PNT) market are developing innovative products such as AC2ES to sustain their position in the market. AC2ES is an advanced Assured Position, Navigation, and Timing (A-PNT) solution designed to provide A-PNT information in GPS-threatened environments, offering schedule, cost, and capability advantages.
Which Market Players Are Driving Growth In The Assured Positioning, Navigation, And Timing (PNT) Market?
Major companies operating in the Assured Positioning, Navigation, and timing (PNT) market are Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc, Collins Aerospace, Thales Group, L3Harris Technologies Inc., RTX Corporation, Leidos, Leica Geosystems AG, Hexagon AB, IAI Groups, Garmin Ltd., Curtiss-Wright Corporation, Topcon Positioning Systems, Advanced Navigation, Aevex Aerospace, Bliley Technologies Inc., Spirent Communications, KVH Industries, Inc., Swift Navigation, Septentrio N.V., SBG Systems, Tallysman Wireless Inc., Tersus GNSS Inc., Hemisphere GNSS
How Is The Global Assured Positioning, Navigation, And Timing (PNT) Market Segmented?
1) By Component: Atomic Clocks; Antennas; Transponders; Sensors; Power Amplifiers; Receivers; Other Components
2) By Platform: Air; Land; Naval
3) By End User: Defense; Homeland Security
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The Assured Positioning, Navigation, And Timing (PNT) Global Market Report 2024 provides an overview of the assured positioning, navigation, and timing (PNT)market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The assured positioning, navigation, and timing (PNT) market forecast analyzes assured positioning, navigation, and timing (PNT) market size, assured positioning, navigation, and timing (PNT) market share, leading competitor and their market positions.
The Table Of Content For The Assured Positioning, Navigation, And Timing (PNT) Market Include
1. Assured Positioning, Navigation, And Timing (PNT) Market Executive Summary
2. Assured Positioning, Navigation, And Timing (PNT) Market Segments
3. Assured Positioning, Navigation, And Timing (PNT) Market Size And Template Market Growth Rate
4. Key Assured Positioning, Navigation, And Timing (PNT) Market Trends
5. Major Assured Positioning, Navigation, And Timing (PNT) Market Drivers
……
25. Key Mergers And Acquisitions In The Assured Positioning, Navigation, And Timing (PNT) Market
26. Top Assured Positioning, Navigation, And Timing (PNT) Companies
27. Assured Positioning, Navigation, And Timing (PNT) Market Opportunities And Strategies
28. Assured Positioning, Navigation, And Timing (PNT) Market, Conclusions And Recommendations
29. Appendix
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