Assured PNT Market

[204 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 industry. 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.

Top Assured PNT Companies - Key Market Players:

The assured PNT companies are dominated by globally 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), and Raytheon Technologies (US). This is also supported by their growth rates, which are remarkably close to the market.  

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Scope of the Report

Assured PNT Market Highlights

This research report categorizes the assured PNT market based on component platform, end-user, and region

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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