PUBLISHER: The Business Research Company | PRODUCT CODE: 1694798
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694798
Position, navigation, and timing (PNT) solutions refer to systems and technologies that provide information about the location (position), orientation (navigation), and accurate timing of objects or users. They are essential for the functioning of critical infrastructure sectors and are used in various applications such as GPS, autonomous vehicles, and other navigation systems.
The main types of position, navigation, and timing (PNT) solutions are precise point positioning (PPP), real-time kinematics (RTK), precise point positioning-real-time kinematics (PPP-RTK), and wide-area real-time kinematics (WARTK). Precise point positioning (PPP) refers to a global navigation satellite system (GNSS) positioning method that calculates very precise positions, with errors as small as a few centimeters under good conditions. The components are categorized into satellites and ground. These solutions are used in applications such as navigation, positioning, precision timing, and geo-location by end users such as defense, commercial, government, and civil.
The main types of position, navigation, and timing (PNT) solutions are precise point positioning (PPP), real-time kinematics (RTK), precise point positioning-real-time kinematics (PPP-RTK), and wide-area real-time kinematics (WARTK). Precise point positioning (PPP) refers to a global navigation satellite system (GNSS) positioning method that calculates very precise positions, with errors as small as a few centimeters under good conditions. The components are categorized into satellites and ground. These solutions are used in applications such as navigation, positioning, precision timing, and geo-location by end users such as defense, commercial, government, and civil.
The position, navigation, and timing (PNT) solution market size has grown rapidly in recent years. It will grow from $1.39 billion in 2024 to $1.57 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to precision agriculture, autonomous and connected vehicles, inertial navigation systems (INS), global positioning system (GPS), and multi-constellation systems.
The position, navigation, and timing (PNT) solution market size is expected to see rapid growth in the next few years. It will grow to $2.39 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to next-generation satellite systems, quantum technologies, 5G technology integration, advanced inertial navigation systems, and proliferation of low earth orbit (LEO) satellites. Major trends in the forecast period include regulatory developments, robust anti-spoofing and anti-jamming technologies, augmentation systems development, emergence of new navigation technologies, and integration with internet of things (IoT).
Increasing demand for autonomous vehicles is expected to propel the growth of the position, navigation, and timing solution market going forward. Autonomous vehicles, also known as self-driving or driverless vehicles, can operate and perform necessary functions without human intervention. Positioning, navigation, and time solutions are used in manufacturing autonomous cars to provide accurate position data, navigation direction, and time synchronization to ensure secure and effective operation. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Also, 4.5 million autonomous vehicles will be on the road by 2030. Therefore, increasing demand for autonomous vehicles will drive the position, navigation, and timing solution market.
Major companies operating in the position, navigation, and timing solution market are focused on developing sensor-based technology products such as position, navigation, and timing (PNT) boards to strengthen their position in the market. A Position, Navigation, and Timing (PNT) board is an electrical circuit or module that combines the three main PNT capabilities: positioning, navigation, and timing. For instance, in January 2022, Concurrent Technologies, a UK-based manufacturing company of position, navigation, and timing solutions, launched the Rugged 3U VPX position, navigation, and timing (PNT) plug-in card. Rugged 3U VPX is intended to give accurate and dependable PNT information under challenging settings. The PNT board is built following the Sensor Open Systems Architecture (SOSA) technological standard, which promotes interoperability while reducing development time and costs. The PNT board incorporates a GNSS receiver, an inertial measurement unit, and a precision timing module to give precise and dependable PNT data.
In October 2022, Viavi Solutions, a US-based communications equipment company, acquired Jackson Labs Technologies for an undisclosed amount. Through the acquisition, VIAVI expanded its portfolio with Jackson Labs' position, navigation, and timing solutions, enabling the company to offer a more comprehensive range of products and services in this domain. Jackson Labs Technologies Inc. is a US-based company specializing in position, navigation, and timing (PNT) solutions for critical infrastructure.
Major companies operating in the position, navigation, and timing (PNT) solution market are Lockheed Martin Corporation, Qualcomm Technologies Inc, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International, BAE Systems plc, Safran S.A., Thales SA, Collins Aerospace, L3Harris Technologies Inc, Booz Allen Hamilton Inc., CACI International, Garmin Ltd, Parsons Corporation, Saab Ab, Israel Aerospace Industries, Trimble Inc, Leonardo DRS Inc, QinetiQ, VIAVI Solutions Inc., Adtran Inc., Spirent Communications plc, Telespazio S.p.A., NovAtel Inc. (Hexagon AB), WR Systems Ltd, Integrated Solutions for Systems Inc., Chelton Limited, SpacePNT Sarl, NextNav Inc
North America was the largest region in the position, navigation, and timing (PNT) solution market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the position, navigation, and timing (PNT) solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the position, navigation, and timing (PNT) solution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The position, navigation, and timing solution market consists of revenues earned by entities by providing services such as precise time synchronization, global positioning systems, geospatial data services, jamming and spoofing detection, and critical infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. The position, navigation, and timing solution market also includes sales of GNSS receivers, inertial measurement units (imus), antennas, atomic clock radar and lidar sensors, and communication equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Position, Navigation, and Timing (PNT) Solution Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on position, navigation, and timing (pnt) solution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for position, navigation, and timing (pnt) solution ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The position, navigation, and timing (pnt) solution market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.