Press Releases

The global satellite position, navigation, and timing (PNT) technology market are expected to grow at a 22.35% CAGR during 2021-2027. Satellite PNT technology calculates a specific geographical location or position, navigates a route, and tracks accurate time. Position, navigation, and timing (PNT) are some of the significant central elements of modern technology systems and devices. The global navigation satellite system (GNSS) onboards the communication satellite which is used to calculate position, navigation, and time. PNT consists of three diverse components i.e., positioning (ability to determine the geographical location of a person, object, or signal), navigation (ability to compute a route to the desired position from current position), and timing which combines navigation and positioning (ability to compute the duration of travel between locations and maintain accurate time according to time zone standards like UTC or Australian Central Standard Time). These three combined together create a powerful capability. Thus, PNT technology is important for commercial, government, and civil operations along with military and defense operations. Nevertheless, Government organizations and private firms in the global satellite position, navigation, and timing (PNT) technology industry are now engaged in research and development projects to provide secured position, navigation, and timing technologies.

The Defense Advanced Research Projects Agency (DARPA) Blackjack programme has granted Northrop Grumman Corporation a $13.3 million contract for Phase 2 development of an advanced, software-defined positioning, navigation, and timing (PNT) payload, with options to build units destined for space flight, in September 2021.

Browse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Satellite Position, Navigation, and Timing (PNT) Technology Market by Component Type (Hardware (Atomic Clocks, Transponders, Antennas, Sensors, Power Amplifiers, Receivers, and Others) and Software (Data Management Software, GNSS Navigation/Positioning, Geographical Information System (GIS), and Others), by Application (Navigation, Positioning, Precision Timing, Geo-Location, and GNSS Correction), by End-User (Defense (Land, Airborne, and Naval), Commercial (Transport and Logistics, Aviation, Agriculture, Marine, Surveying and Mobile Mapping, and Others), Government, and Civil(Critical Government Infrastructure, Traffic Management, Rail Control and Management, Disaster Management, and Others)), and Region - Global Forecast to 2027"

By application, precision timing is anticipated to have a significant growth during the forecast period.

Precision timing is especially critical, and it is principally given by the Global Positioning System (GPS). Precise timing is critical to a wide range of economic activity all over the world. Precision timing is required for synchronization and operating efficiency in communication systems, electrical power grids, and financial networks. The free availability of GPS time has resulted in huge cost reductions for enterprises that rely on accurate time, as well as major gains in capability.

Global Satellite Position, Navigation, and Timing (PNT) Technology Market Segmentation Analysis

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“North America to hold the largest regional market share in 2021.”

North America will dominate the satellite positioning, navigation, and timing (PNT) technology market during the forecast period owing to the well-established infrastructure and presence of industry players to innovate novel solutions will accelerate the growth in the region.

Some of the major players in the global Satellite Position, Navigation, and Timing (PNT) Technology market include Garmin Ltd., Northrop Grumman, BAE Systems, Qualcomm Technologies, Inc., HEXAGON, Safran, WR Systems, Saab Ab, Telespazio, and Thales Group.

Scope of the Report

Global Satellite Position, Navigation, and Timing (PNT) Technology Market Coverage

Component Type Insight and Forecast 2015-2027

• Hardware
  • Atomic Clocks
  • Transponders
  • Antennas
  • Sensors
  • Power Amplifiers
  • Receivers
  • Others
• Software
  • Data Management Software
  • GNSS Navigation/Positioning
  • Geographical Information System (GIS)
  • Others

Application Insight and Forecast 2015-2027

• Navigation
• Positioning
• Precision Timing
• Geo-Location
• GNSS Correction

End-User Insight and Forecast 2015-2027

• Defense
  • Land
  • Airborne
  • Naval
• Commercial
  • Transport and Logistics
  • Aviation
  • Agriculture
  • Marine
  • Surveying and Mobile Mapping
  • Others
• Government and Civil
  • Critical Government Infrastructure
  • Traffic Management
  • Rail Control and Management
  • Disaster Management
  • Others

Geographical Segmentation

Satellite Position, Navigation, and Timing (PNT) Technology Market by Region

North America

• By Component Type
• By Application
• By End-User
• By Country – U.S., Canada, and Mexico

Europe

• By Component Type
• By Application
• By End-User
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Component Type
• By Application
• By End-User
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Component Type
• By Application
• By End-User
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries