News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Global Assured PNT Market: Driving Forces and Growth Challenges

(USGovernment-News.Com, June 29, 2024 ) The Assured Positioning Navigation and Timing Market is projected to grow from USD 0.4 billion in 2022 to USD 1.7 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 29.8%. The increasing need for advanced PNT technologies to support military platforms and weapon technologies is a primary driver of this market. However, the absence of a regulatory framework and established operational parameters may hinder market growth.

Download PDF Brochure @

Key Market Drivers:

Miniaturization and Cost Reduction:

Advances in micro-electro-mechanical systems (MEMS) have enabled the production of smaller, more affordable components such as gyroscopes and accelerometers.

This miniaturization reduces the overall cost and complexity of inertial navigation systems, boosting market growth.

Military Modernization and Demand for Precision:

Countries are investing in modernizing their military equipment with advanced PNT systems for enhanced navigation and positioning accuracy.

Increasing use of smart weapons that require precise navigation to minimize collateral damage and improve targeting accuracy.

Rising Incidences of Asymmetric Warfare:

The need for sophisticated navigation systems to counter asymmetric threats and improve operational efficiency in diverse combat scenarios.


Lack of Standardized Operational Parameters:

The evolving nature of APNT technologies means there is no standard operating framework, leading to interoperability issues.

Current systems do not meet all regulatory requirements, such as Automatic Dependent Surveillance-Broadcast (ADS-B) positioning.

Spectrum Bandwidth Limitations:

APNT systems require additional spectrum bandwidth, which can be constrained by existing transmissions in the L and VHF bands.


Threat Mitigation and Resilience:

APNT systems can detect and respond to threats, such as GPS spoofing, by relying on multiple PNT sources and resilience approaches.

This capability to mitigate threats and ensure reliable PNT data enhances their attractiveness in defense applications.


Development of Feasible Technologies:

Despite ongoing R&D efforts, there is limited progress in developing robust APNT technologies that can be widely deployed across various sectors.

The focus remains primarily on military applications, with less penetration into commercial and civil sectors.

Market Segmentation:

By Platform:

Land: Increased defense budgets are driving the demand for modernizing land vehicles with digital navigation systems.

Air: Fighter aircraft and military helicopters require advanced PNT systems for accurate navigation and mission success.

Naval: Submarines, corvettes, destroyers, and frigates benefit from assured PNT systems for improved operational capabilities.

By End User:

Defense: The largest segment due to the high demand for precision positioning, navigation, and timing systems in military operations.

Homeland Security: Growing need for advanced navigation solutions for border security and other homeland defense applications.

Regional Insights:

North America:

Expected to lead the market with the highest CAGR during the forecast period.

Significant investments in developing advanced navigation systems and enhancing interoperability among defense units.

Other Regions:

Government organizations worldwide are acquiring improved military navigation solutions, driving market growth across regions.

Increased demand for security equipment in aviation, maritime, and border security sectors.

Ask for Sample Report @

Competitive Landscape:

The Assured PNT Market is dominated by established players such as:

Bae Systems PLC (UK)

L3Harris Technologies, Inc. (US)

Northrop Grumman (US)

General Dynamics Corporation (US)

Leonardo DRS (US)

Honeywell International (US)

Raytheon Technologies (US)

These companies invest heavily in R&D to innovate and maintain their competitive edge in the market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


Mr. Rohan Salgarkar


Source: EmailWire.Com


U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC