Global Assured PNT
Market Report
2024
Assured PNT market size is USD 0.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global assured PNT market size is USD 0.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Assured PNT Market Sales Revenue 2024 | $ 0.4 Billion |
Global Assured PNT Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 29.8% |
Market Split by Platform |
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Market Split by End-User |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Assured PNT industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Assured PNT Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Assured PNT is the ability to provide precise and dependable timing, location, and navigational data in any environment. For systems and applications where dependability and accuracy are paramount, this idea is fundamental, including defense operations, autonomous cars, aviation, and critical infrastructure management. The assured PNT market is experiencing a period of fast transformation due to factors such as rising concerns about security, the increasing demand for advanced navigation systems, and technological improvements. Assured PNT systems can now provide reliable data in deteriorated conditions because of advancements in software, hardware, and multi-sensor fusion. Increasingly, regulatory bodies and governments are requesting information-assured PNT systems to adhere to strict standards in order to improve security. Furthermore, throughout the projected period, there will be an opportunity for market expansion due to the integration of artificial intelligence. One factor that could boost demand for assured PNT systems is the growing requirement for assured PNT technology to back up future weapon and defense systems. In addition, the industry is being propelled forward by the availability of affordable military navigation components and the continuous modernization strategies in militaries around the world.
Rising safety and protection need- There is greater demand for assured PNT due to the guarantee of mission success in difficult environments; military applications increasingly rely on precise timing and navigation. With the use of assured PNT systems, cyber dangers like signal spoofing and blocking can be eliminated. With advancements in safety, PNT systems now provide reliable data even in deteriorated conditions. The market is also driven by market growth because of the rapid expansion of the smart city and autonomous vehicle navigation services sector in developing economies.
Stringent assured PNT industry rules and the necessity for strong cybersecurity measures hindered the expansion of the assured PNT market. The expensive setup and complicated integration procedures hinder the expansion of the assured PNT industry.
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In April 2024, BAE Systems completed its acquisition of Topaz Intelligence as a component of its acquisition of Ball Aerospace. The firm’s Modeling & Simulation Solutions division now includes Topaz Intelligence. As part of its Modeling & Simulation Solutions (M&SS) portfolio, BAE Systems now offers intelligence-as-a-service through Topaz Intelligence, LLC, allowing clients to make agile decisions. Within the Intelligence & Security sector, M&SS offers military clients war gaming capabilities and operational readiness planning. (Source:https://www.baesystems.com/en/article/bae-systems-and-topaz-intelligence-team-up-to-provide-intelligence-and-advisory-services-for-their-customers)
Top Companies Market Share in Assured PNT Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the assured PNT market because of its heavy spending on military hardware and software, as well as an established framework for deploying cutting-edge assured PNT systems. In addition, there is substantial investment in research and development and government efforts and laws that aim to enhance the navigation security industry in this area.
Asia-Pacific stands out as the fastest-growing region in the assured PNT market because of the well-developed technological infrastructure and the existence of prominent industry players who spearhead innovation in automotive technology. Furthermore, the rising need for dependable navigation systems and widely used applications is propelling the region’s expansion. In addition, standards and regulatory frameworks are helpful in making navigation services safe and dependable, and a large number of industry-leading assured PNT providers in this region.
The current report Scope analyzes Assured PNT Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Assured PNT Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Assured PNT Industry growth. Assured PNT market has been segmented with the help of its Platform, End-User Component, and others. Assured PNT market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Assured PNT market.
Platform of Assured PNT analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Assured PNT Industry. Request a Free Sample PDF!
According to cognitive market research, defense is the dominant category because it is crucial for defense operations in locations devoid of GPS; assured PNT systems offer durable timing and navigation capabilities. Defense operations are more likely to be successful when accurate positioning and timing data are used to improve weapon systems, navigation, and communication. Defense commanders are able to make well-informed decisions in ever-changing circumstances with the use of timely and precise positioning and timing data.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Assured PNT market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
I am a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis, I thrive on the challenges of data exploration and analysis. My goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
I led pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. I possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams, I played a key role in shaping successful business strategies grounded in robust research. I am dedicated to staying at the forefront of research methodologies and industry advancements. Regular participation in conferences, workshops, and continuous learning initiatives keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Assured PNT Market is witnessing significant growth in the near future.
In 2023, the Air segment accounted for noticeable share of global Assured PNT Market and is projected to experience significant growth in the near future.
The Defense segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bae Systems PLC (UK) , Northrop Grumman (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Platform | Air, Land, Naval |
End-User | Defense, Homeland Security |
Component | Atomic Clocks, Antennas, Transponders, Sensors, Power amplifiers, Receivers, Others |
List of Competitors | Bae Systems PLC (UK), L3Harris Technologies Inc. (US), Northrop Grumman (US), General Dynamics Corporation (US), Leonardo DRS (US), Honeywell International (US), Raytheon Technologies (US) |
This chapter will help you gain GLOBAL Market Analysis of Assured PNT. Further deep in this chapter, you will be able to review Global Assured PNT Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Assured PNT Market Trends North America Assured PNT Technological Road Map North America Assured PNT Market Drivers North America Assured PNT Market Restraints North America Assured PNT Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Platform Analysis 2019 -2031, will provide market size split by Platform. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Platform Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Assured PNT market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Air have a significant impact on Assured PNT market? |
What are the key factors affecting the Air and Land of Assured PNT Market? |
What is the CAGR/Growth Rate of Defense during the forecast period? |
By type, which segment accounted for largest share of the global Assured PNT Market? |
Which region is expected to dominate the global Assured PNT Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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