How big is the Assured PNT Market?

The Assured PNT Market size is expected to reach USD 0.67 billion in 2024 and grow at a CAGR of 26.01% to reach USD 2.13 billion by 2028. Read More

What is the current Assured PNT Market size?

In 2024, the Assured PNT Market size is expected to reach USD 0.67 billion. Read More

Who are the key players in Assured PNT Market?

Northrop Grumman Corporation, General Dynamics Corporation, Honeywell International Inc., BAE Systems plc and Leonardo DRS (Leonardo S.p.A.) are the major companies operating in the Assured PNT Market. Read More

Which is the fastest growing region in Assured PNT Market?

North America is estimated to grow at the highest CAGR over the forecast period (2023-2028). Read More

Which region has the biggest share in Assured PNT Market?

In 2023, the North America accounts for the largest market share in Assured PNT Market. Read More

What years does this Assured PNT Market cover, and what was the market size in 2023?

In 2023, the Assured PNT Market size was estimated at USD 0.50 billion. The report covers the Assured PNT Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Assured PNT Market size for years: 2024, 2025, 2026, 2027 and 2028. Read More

Assured PNT Market Size & Share Analysis - Industry Research Report

Assured PNT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2028)

The Assured PNT Market Report is Segmented by Platform (Air, Land, and Naval), by End User (Defense and Homeland Security), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Assured PNT Industry Overview

The assured PNT market is consolidated and with the presence of prominent companies such as BAE Systems plc, Northrop Grumman Corporation, General Dynamics Corporation, Leonardo DRS (a part of Leonardo S.p.A.), and Honeywell International Inc. This is also supported by their growth rates, which are remarkably close to the market. For instance, in February 2023, RTX Corporation announced being awarded a USD 8.6 million contract to provide F-35 JPALS for the Japan Maritime Self-Defense Force (JMSDF). JPALS is a software-based differential Global Positioning System navigation and precision landing system. The contract was awarded by the US Navy. JPALS is integrated with the F-35 fighter, capable of operating, approaching, and landing on naval vessels at sea in all weather conditions. Their ability to continually innovate their products through significant research and development investments has helped them achieve a competitive advantage over other players.