PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1785748
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1785748
Global Assured PNT Market to Reach US$2.6 Billion by 2030
The global market for Assured PNT estimated at US$645.7 Million in the year 2024, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 25.9% over the analysis period 2024-2030. Atomic Clocks Component, one of the segments analyzed in the report, is expected to record a 34.1% CAGR and reach US$285.7 Million by the end of the analysis period. Growth in the Antennas Component segment is estimated at 28.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$175.9 Million While China is Forecast to Grow at 35.0% CAGR
The Assured PNT market in the U.S. is estimated at US$175.9 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$656.0 Million by the year 2030 trailing a CAGR of 35.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 20.3% and 23.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.0% CAGR.
Global Assured PNT Market - Key Trends & Drivers Summarized
What Is Driving the Need for Assured Positioning, Navigation, and Timing Solutions?
Assured Positioning, Navigation, and Timing (PNT) solutions have become critical in sectors reliant on accurate and reliable geolocation data, such as defense, transportation, and telecommunications. Increasing threats to GPS systems, including signal jamming and spoofing, have heightened the demand for robust and resilient PNT systems. Assured PNT solutions integrate multiple technologies, including satellite-based systems, inertial navigation, and ground-based augmentation, to provide uninterrupted and accurate data. Their applications range from enabling autonomous vehicles to ensuring mission-critical operations in national security.
What Trends Are Transforming the Assured PNT Landscape?
Several trends are shaping the assured PNT market, including the rising adoption of autonomous systems and the growing importance of cybersecurity. Autonomous vehicles, drones, and robotics rely heavily on precise PNT data, driving innovation in resilient navigation technologies. Additionally, increasing concerns about cyberattacks on GPS infrastructure have spurred the development of anti-jamming and anti-spoofing capabilities. Governments and private organizations are investing in alternative navigation systems to reduce reliance on GPS alone, fostering a diversified and robust PNT ecosystem.
How Are Assured PNT Solutions Enhancing Industry Performance?
Assured PNT systems provide industries with reliable data for enhanced performance and safety. In transportation, they enable precise navigation for autonomous vehicles and ensure efficient logistics operations. The defense sector benefits from secure and resilient PNT solutions to maintain operational capabilities in contested environments. Telecommunications networks use assured PNT to synchronize data flow, ensuring uninterrupted connectivity. These solutions' ability to provide high-precision data under challenging conditions is driving their adoption across multiple sectors.
What Drives the Growth in the Assured PNT Market?
The growth in the assured PNT market is driven by increasing reliance on autonomous systems, rising concerns about GPS vulnerabilities, and advancements in multi-sensor navigation technologies. Government investments in national security and infrastructure resilience are boosting demand for assured PNT solutions. The proliferation of smart cities and the need for precise geolocation in logistics and transportation are also key drivers. Furthermore, innovations in quantum technology and AI-enhanced navigation systems are accelerating market growth, ensuring robust and reliable PNT solutions for diverse applications.
SCOPE OF STUDY:
The report analyzes the Assured PNT market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Component (Atomic Clocks Component, Antennas Component, Sensors Component, Receivers Component, Transponders Component, Power Amplifiers Component, Other Components); Platform (Air Platform, Land Platform, Naval Platform); End-Use (Defense End-Use, Homeland Security End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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