The primary function of PNT technology is to improve the performance of the global navigation satellite system (GNSS) by providing information about the accuracy, integrity, continuity, and availability of its signals for navigation, precision timing, geo-location, and other similar applications. The combination of position, navigation, and timing via GNSS creates a robust capability to support defense, government, and commercial applications such as emergency communications, military operations, mining, agriculture, financial operations, transportation, and air, land, and naval traffic management.
Read Report Overview: https://bisresearch.com/industry-report/satellite-pnt-technology-market.html
The space and aerospace industry has witnessed several developments over the years catering to the rising market demand for satellite PNT technology for numerous defense, commercial, civilian, and government critical infrastructure applications. Developments in space-based atomic clock components, reduction in launch costs, and increase in demand for continuous positioning, navigation, and precision time data are primary factors driving the market opportunities.
Initially, the global PNT technology was introduced only to supplement military and defense operations. The inspiration of satellite position, navigation, and timing technology surfaced in 1957 at the Johns Hopkins University’s Applied Physics Laboratory (APL) as scientists listened to the radio signals from the world’s first satellite, Sputnik, launched by Russia.
It was only in 1983 that GPS became available for public and commercial use. Since then, the PNT technology has become crucial for several commercial, government, and civil operations as well. With the advent of high-speed internet and increasing digitalization, the PNT technology is used for many applications, including precision agriculture, marine operations, water, and water waste management, transportation, air, land, and naval traffic management, precision weapon systems, and more.
Some major current advancements identified within the satellite PNT technology market over the 2021-2031 forecast period include miniaturization of oscillators and atomic clocks and the development of assured satellite position, navigation, and timing technology using low Earth orbits (LEOs).
Request a Sample: https://bisresearch.com/requestsample?id=1242&type=download
While the focus on the advancement of atomic clocks and other satellite PNT technology components is due to the need for robust signals from existing GNSS constellations such as GPS provided by the U.S., Globalnaya Navigazionnaya Sputnikovaya Sistema, or Global Navigation Satellite System (GLONASS) provided by Russia, and Europe’s Galileo; however, the development of satellite PNT technology using low Earth orbits (LEOs) aims to reduce the dependency on existing GNSS/GPS for defense and commercial applications as they are prone to jamming and spoofing and may not function efficiently in GNSS/GPS denied environment. These developments over the forecast will attract significant growth for the overall market as the need for satellite PNT technology will see a rise owing to the increasing digitalization.
UPCOMING INDUSTRY TRENDS 