Assured PNT Market by Platform (Fighter Aircraft, Military helicopters, unmanned Vehicles, Combat Vehicles, Soldiers, Submarines, Corvettes, Destroyers, and Frigates), End User (Defense, Homeland Security), Component and Region - Global forecast to 2027
[212 Pages Report] The Assured PNT market is expected to grow from USD 0.4 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 29.8%. The evolving need for advanced PNT technologies to support upcoming military platforms and weapon technologies is expected to drive the demand for APNT systems. At the same time, the lack of a regulatory framework and established operational parameters will hinder the market growth.
Assured PNT systems play an important role in precise modern military warfare and enhance the functions of airborne, land, and naval platforms in navigation, positioning, and survivability. The increasing focus on enhancing advanced navigating capabilities to reduce casualties, the rising need for modernization programs, and increasing incidences of asymmetric warfare drive the assured PNT market. Countries worldwide are investing in developing missile systems, such as ballistic missiles and cruise missiles, which require assured positioning systems for guidance. Thus, the increasing implementation of assured PNT systems in missiles is contributing to the growth of the assured PNT market. Militaries use smart weapons with advanced tactical-grade military navigation for greater accuracy and lower circular error probability (CEP) to neutralize terrorists and reduce collateral damage.
Assured PNT Market Forecast to 2027
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Assured PNT Market Dynamics:
Driver: Availability of miniaturized components at affordable prices
Assured PNT uses gyroscopes and accelerometers to track the position and location of an object relative to its starting point. Earlier, gyroscopes and accelerometers used in inertial navigation systems required special manufacturing and assembly skills. The cost of these components was significantly high due to the complexity involved in their fabrication and assembly. Advances in navigational technology, such as micro-electro-mechanical systems (MEMS), have improved fabrication and assembly techniques, reducing components' size and design complexity. Furthermore, various component manufacturers are trying to reduce the cost of components, which, in turn, would reduce the overall cost of inertial navigation systems. Thus, the availability of miniaturized components at affordable prices is expected to propel the growth of the assured PNT market.
Restraint: Absence of established operational parameters
APNT technologies are still evolving, there is no parity in the standard operating parameters of such technologies. For instance, while all current generation aircraft are equipped with DDI MOPS/TSO standard components, MOPS Changes will be needed to enable RNP accuracy, monitoring & alerting. Besides, the performance of APNT systems may be limited to area navigation (RNAV) at 0.6 at best. APNT technologies also do not fulfill Automatic Dependent Surveillance-Broadcast (ADS-B) positioning requirements, and aircraft operations would still require secondary surveillance radars (SSRs) for operation, especially for general aviation. Besides, APNT requires additional spectrum bandwidth that narrows the bandwidth availability of the L and VHF bands' aeronautical radio-navigation service (ARNS) portions.
Moreover, creating a new signal optimized for APNT requires extensive R&D to demonstrate operational capabilities in the targeted spectrum already dominated by several other transmissions. Meanwhile, some modification would also be required by the existing ground-based assets to support APNT signal transmissions, which reduces the attractiveness of the technology by operators and service providers alike and may restrain the growth of the APNT market in the near future.
Opportunity: Increasing application to mitigate the effects of threats
When adopting resilience approaches, assured PNT systems can respond in various ways when threats and other abnormalities are detected. One suitable reaction is stopping depending on any output from the hacked PNT source. If the assured PNT system contains additional PNT sources, it can use them to offer the system PNT solution to the user while the PNT source with the detected threat is still compromised. When it is safe to do so, the PNT user equipment (UE) system can contain control logic to restore the performance of the compromised PNT source automatically. Another option to respond to threat detection is to reduce the danger's effects and restore real PNT data. When a GNSS receiver is spoofed, the PNT UE system can employ various approaches to differentiate the genuine GNSS signals from fraudulent ones and continue monitoring the true signals to provide a PNT solution. When constructing robust PNT UE systems, mitigation approaches must be aware of their limits. Attackers working together may be able to replicate the features of the real signals better. True signals may exist but may not be noticed or identified appropriately. Because of these constraints, PNT UE systems should not rely entirely on resilience approaches to limit the untrusted external inputs to provide robust behaviors. System designers should instead integrate mitigations with different resilience approaches to produce overall resilient PNT UE systems.
Challenge: Limited development of feasible technologies
Since PNT technologies are heavily utilized by critical infrastructure, including telecom, energy, finance, and transportation, these are strategic from a commercial and societal perspective. It is estimated that PNT services contribute to around 10% of the European GDP, and if GNSS is disabled, it will result in potential losses of USD 1.07 billion daily. Despite several ongoing APNT R&D programs globally, the results have been less than promising. The technology is favored primarily in the military sector and limited penetration in other sectors. Data is still limited on how APNT systems perform and how they can significantly improve the operations of assets in GPS-contested environments.
Assured Positioning, Navigation, and Timing (Apnt) Market Ecosystem
Prominent companies that provide APNT systems, private and small enterprises, distributors/suppliers/retailers, and end customers (defense forces) are the key stakeholders in the APNT market ecosystem. Investors, funders, academic researchers, distributors, service providers, and defense procurement authorities are the major influencers in the avionics market.
Based on the platform, the assured PNT market is segmented into land, air, and naval. An increase in defense budgets of military powers such as the US, China, and Russia, is expected to lead to increased demand for modernizing vehicles with digital navigation systems. These systems help in providing resilient capabilities and assured positioning of vehicles.
Based on the end user, the assured PNT market has been segmented into defense and homeland security. The defense segment is expected to lead due to technological advancements in obtaining mission-critical data. The increasing R&D and spending on precision positioning, navigation, and timing systems drive the defense segment in the assured PNT market.
Assured PNT Marketby Region
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The North American region is projected to lead the market during the forecast period
North America is expected to lead the assured PNT market during the forecasted period. It is projected to grow at the highest CAGR, with the US being the largest market in the region. The region is witnessing increased investments in developing and deploying new and advanced navigation systems to achieve improved interoperability between various units and platforms of defense forces. North America can be considered a maturing market for assured PNT because the developments in this region are focused on advancements in existing infrastructure.
Government organizations across all regions are acquiring improved and technologically advanced military navigation solutions; thus, the market size of these solutions is expected to increase worldwide rapidly. The increase in demand for security equipment and solutions across industries, such as aviation, maritime, and border security, is anticipated to drive market growth over the forecast period. The industry is highly competitive, and manufacturers invest heavily in R&D activities to offer innovative products.
Key Market Players:
Some of the major players in the assured PNT market are Bae Systems PLC (UK), L3Harris Technologies, Inc. (US), Northrop Grumman (US), General Dynamics Corporation (US), Leonardo DRS (US), Honeywell International (US), and Raytheon Technologies (US). This is also supported by their growth rates, which are remarkably close to the market.
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Report Metric |
Details |
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Market size available for years |
2019-2027 |
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Base year considered |
2021 |
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Forecast period |
2022-2027 |
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Forecast units |
Value (USD Million/ Billion) |
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Segments Covered |
By component, platform, end-user, and region |
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Geographies Covered |
North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America |
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Companies Covered |
Bae Systems PLC (UK), L3Harris Technologies (US), Northrop Grumman (US), Lockheed Martin Corporation (US), Leonardo DRS (US), General Dynamics (US), Raytheon Technologies (US), and others |
Assured PNT Market Highlights
This research report categorizes the assured PNT market based on component platform, end-user, and region
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Segment |
Subsegment |
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Assured PNT Market, By Platform |
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Assured PNT Market, By End User |
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Assured PNT Market, By Component |
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Assured PNT Market, By Region |
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Recent Developments
- In September 2022, The United States Army awarded Raytheon Technologies' Collins Aerospace company a prospective five-year contract to develop the current generation of positioning, navigation, and timing systems for the service's uncrewed and manned ground vehicles.
- In September 2022, BAE Systems received a USD 13 million contract for advanced GPS technology to protect US F-15E aircraft from GPS signal jamming and spoofing. The company's Digital GPS Anti-jam Receiver (DIGAR) will ensure the reliability of military GPS systems for aircraft operating in challenging signal environments.
- In July 2022, Under a contract with the US Space Systems Command, BAE Systems was slated to deliver its Miniature Precision Lightweight GPS Receiver Engine – M-Code (MPE-M) to German military forces.
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Target Audience:
Frequently Asked Questions (FAQ):
What is the current size of the assured PNT market?
The assured PNT market is projected to grow from USD 0.4 billion in 2022 and reach USD 1.7 billion by 2027, at a CAGR of 29.8% during the forecast period.
Who are the winners in the assured PNT market?
Bae Systems PLC (UK), L3Harris Technologies, Inc. (US), Northrop Grumman (US), General Dynamics. (US) Leonardo DRS (US), Honeywell International (US), and Raytheon Technologies (US).
What are some of the technological advancements in the market?
Micro-electro-mechanical systems (MEMS) comprise miniaturized mechanical and electromechanical elements manufactured using microfabrication techniques. The MEMS INS is small; however, its broad functionalities have led to its increasing adoption in military and space applications. It is lightweight and consumes low power. Other advantages MEMS INS offers include ease of installation and modification, small thermal constant, high resistance to vibrations and shocks, reduced cost of fabrication, and real-time environment control. MEMS INS is easily integrated with UAVs and small aircraft. Key players providing MEMS INS include VectorNav Technologies (US), Gladiator Technologies (US), Sparton Navigation and Exploration (US), and Honeywell International (US).
A high-end INS is a high-precision tactical grade system that uses Fiber Optics Gyro (FOG) technology or Ring Laser Gyro (RLG) technology. FOG and RLG technologies sense the difference in propagation time between two counterpropagating light beams traveling along a closed path using the Sagnac effect. High-end INS are used in aerospace (ballistic missiles, fighter aircraft, and tactical UAVs) and marine (military vessels, aircraft carriers, warships, submarines, and UUVs) applications.
What are the factors driving the growth of the market?
The high demand in the assured PNT market can be attributed to the growing regional tensions across the globe and increasing incidences of armed conflicts, violence, and terrorism. For instance, the Middle East, North Africa, and South Asian regions have been identified as high-potential markets for smart weapons owing to the increasing demand for smart weapons from these regions in recent years.
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This study on the assured PNT market involved the extensive use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. The primary sources considered included industry experts, service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of this industry's value chain. In-depth interviews with primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information about the market and assess its growth prospects.
Secondary Research
The ranking analysis of companies in the assured PNT market was determined using secondary data from paid and unpaid sources and analyzing major companies' product portfolios and service offerings. These companies were rated based on the performance and quality of their products. Primary sources further validated these data points.
Secondary sources referred for this research study on the assured PNT market included government sources, such as the GPS and the Federal Aviation Administration (FAA); corporate filings, including annual reports, investor presentations, and financial statements of companies offering military navigation; and trade, business, and professional associations.
Primary Research
Extensive primary research was conducted after obtaining information about the assured PNT market's current scenario through secondary research. Several interviews were conducted with market experts from the demand and supply sides across five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. This primary data was collected through questionnaires, emails, and telephonic interviews.
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The top-down and bottom-up approaches were used to estimate and validate the size of the assured PNT market. The research methodology used to estimate the market size includes the following details.
Key players in the assured PNT market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as chief executive officers, directors, and marketing executives of leading companies operating in the assured PNT market.
All percentage shares split and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the assured PNT market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Bottom-Up Approach
The bottom-up approach was employed to arrive at the overall size of the assured PNT market by estimating the revenue and share of key market players. Calculations based on the revenue of key players identified in the market led to the estimation of the overall market size.
The bottom-up approach was also implemented for data extraction from secondary research to validate the market segment revenue. The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, this study determined and confirmed the overall parent market size and each market size.
Market size Estimation
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Step 1 |
Segmenting assured PNT market based on platform and end-user |
Various technologies for assured PNT considered in the scope require different platforms. Thus, the penetration of each technology is different. |
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Step 2 |
Listing existing and upcoming assured PNT contracts |
All the existing and upcoming assured PNT contracts to validate the market. |
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Step 3 |
Listing existing and upcoming assured PNT R&D projects and related investments |
All the existing and upcoming assured PNT R&D projects and related investments undertaken by various governments were listed and quantified to validate the market. |
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Step 4 |
Arriving at global market size (2021) |
Global market 2021 = approximation of contract values in 2021 based on platforms |
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Step 5 |
Arriving at global market size (2022–2027) |
The global market was estimated based on data on existing and upcoming projects announced by OEMs. |
Market Size Estimation methodology: Bottom-Up Approach
Top-Down Approach
In the top-down approach, the size of the assured PNT market was used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. For the calculation of the sizes of specific market segments, the size of the most appropriate immediate parent market was used to implement the top-down approach.
Different platforms, such as land, naval, and air, were considered for the assured PNT market. The size of each of these platforms was cross-checked and validated to arrive at the overall size. Similar methodologies were adopted to determine the sizes of other segments and subsegments of the assured PNT market.
Data Triangulation
After arriving at the overall size of the assured PNT market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various segments and sub-segments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using the top-down and bottom-up approaches.
In the bottom-up approach, the size of the assured PNT market was obtained by calculating country-level data. In the top-down approach, the market size was derived by estimating the revenue of key players operating in the market and validating the data acquired from primary research.
The following figure indicates the data triangulation procedure implemented in the market engineering process to form this report on the assured PNT market.
Report Objectives
- Identify and analyze major drivers, constraints, challenges, and opportunities driving the assured PNT market's growth.
- Analyze the market effect of macro and micro indicators
- To forecast market segment sizes for five regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, as well as significant nations within each area.
- To conduct a strategic analysis of micro markets regarding particular technical trends, prospects, and their contribution to the total market.
- To profile key market participants strategically and thoroughly study their market ranking and essential skills
- To give a complete market competitive landscape, as well as an examination of the company and corporate strategies such as contracts, collaborations, partnerships, expansions, and new product developments.
- Identifying comprehensive financial positions, key products, unique selling points, and key developments of industry leaders
Available customizations
MarketsandMarkets provides customizations in addition to market data to meet the individual demands of businesses. The following report customization options are available:
Product Evaluation
- The product matrix provides a thorough comparison of each company's product portfolio.
Regional Examination
- Further segmentation of the market at the national level
Information About the Company
- Additional market participants will be thoroughly examined and profiled (up to 5)
Growth opportunities and latent adjacency in Assured PNT Market