Product Code: SAT1846SS
“The Europe Position, Navigation, and Timing (PNT) Solution (satellite) Market Expected to Reach $1,343.7 Million by 2033.”
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2033 |
2023 Evaluation | $494.6 Million |
2033 Forecast | $1,343.7 Million |
CAGR | 10.51% |
Introduction to Europe Position, Navigation, and Timing (PNT) Solution Market
The Europe position, navigation, and timing (PNT) solution (satellite) market is estimated to reach $1,343.7 million by 2033 from $494.6 million in 2023, at a CAGR of 10.51% during the forecast period 2023-2033. In recent years, there has been notable growth and progress in the position, navigation, and timing (PNT) solution market. The increased adoption of smartphones, wearable gadgets, and vehicle navigation systems has driven the demand for precise positioning and navigation features.
Market Introduction
The Europe position, navigation, and timing (PNT) solution market have experienced remarkable growth and innovation in recent years. The widespread adoption of smartphones, wearable devices, and vehicle navigation systems has driven the demand for precise positioning and navigation capabilities across the continent. PNT solutions in Europe are increasingly integrated with cutting-edge technologies, notably artificial intelligence (AI) and machine learning (ML), facilitating intelligent navigation and real-time decision-making. Additionally, the fusion of PNT with advanced sensor technologies such as LiDAR and radar has significantly enhanced mapping and surveying capabilities throughout the region.
Furthermore, key players in the Europe PNT solution market are dedicated to advancing their offerings. They are actively developing sophisticated algorithms, harnessing multi-constellation satellite systems, integrating additional sensors, and leveraging technologies like differential GPS (DGPS) and real-time kinematic (RTK) positioning to further elevate the accuracy and precision of PNT solutions. Europe remains at the forefront of PNT innovation and adoption, with a thriving market poised for continued growth and development.
Market Segmentation:
Segmentation 1: by End User
- Defense
- Commercial
- Government and Civil
Segmentation 2: by Component
Segmentation 3: GNSS Correction Services by Type
- Precise Point Positioning (PPP)
- Real-time Kinematic (RTK)
- PPP-RTK
- WARTK
Segmentation 4: by Country (Satellite)
- U.K.
- France
- Germany
- Russia
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of solutions available for deployment and their potential. Moreover, the study provides the reader with a detailed understanding of the Europe position, navigation, and timing (PNT) solution by component (hardware and software).
Growth/Marketing Strategy: The Europe position, navigation, and timing (PNT) solution market has seen major development by key players operating in the market, such as contract, collaboration, and joint venture. The favored strategy for the companies has been contracts to strengthen their position in the Europe position, navigation, and timing (PNT) solution market.
Competitive Strategy: Key players in the Europe position, navigation, and timing (PNT) solution market analyzed and profiled in the study involve major Europe position, navigation, and timing (PNT) solution companies providing solutions, respectively. Moreover, a detailed market share analysis of the players operating in the Europe position, navigation, and timing (PNT) solution market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some prominent names established in this market are:
- BAE Systems, Inc.
- Safran
- Garmin Ltd.
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- Saab AB
- Telespazio S.p.A.
- Thales Group
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Table of Contents
Executive Summary
Scope of the Study
1. Market
- 1.1. Industry Outlook
- 1.1.1. Position, Navigation, and Timing (PNT) Solution Market: Overview
- 1.1.2. Current and Emerging Technological Trends
- 1.1.2.1. GPS Augmentation Systems
- 1.1.2.2. Growing Use of Multi- GNSS Dead-Reckoning and RTK
- 1.1.2.3. Rising Use of Cloud-Based PNT Services and Machine Learning
- 1.1.2.4. Quantum-Based PNT Technologies
- 1.1.3. On-Going and Upcoming Programs
- 1.1.3.1. Navigation Innovation and Support Program (NavISP)
- 1.1.3.2. Southern Positioning Augmentation Network (SouthPAN)
- 1.1.3.3. Robust Optical Clock Network (ROCkN)
- 1.1.3.4. Blackjack Program
- 1.1.3.5. URANO
- 1.1.3.6. Military GPS User Equipment Increment 2 Miniature Serial Interface Program
- 1.1.3.7. H2020 Program
- 1.1.4. Start-Up and Investment Landscape
- 1.1.5. Growth of Satellite Constellations: A Growth Factor for Satellite-based PNT Services
- 1.1.6. Growth of Ground-as-a-Service: A Growth Factor for PNT Solution Market
- 1.1.7. Use-cases for Position, Navigation, and Timing (PNT) Solution
- 1.1.7.1. Terrestrial Radio Frequency (RF) Network
- 1.1.7.2. Optical Position, Navigation, and Timing (OPNT)
- 1.1.7.3. Terrestrial vs. Space-Based PNT Solution
- 1.1.8. Supply Chain Analysis
- 1.2. Business Dynamics
- 1.2.1. Business Drivers
- 1.2.1.1. Growth of the Autonomous Vehicles Market
- 1.2.1.2. Deployment of New Low Earth Orbit (LEO) Navigation Satellites
- 1.2.2. Business Challenges
- 1.2.2.1. GPS Jamming and Spoofing Attacks
- 1.2.3. Business Strategies
- 1.2.3.1. New Product Launch
- 1.2.4. Corporate Strategies
- 1.2.4.1. Partnerships, Collaborations, Agreements, Contracts, and Others
- 1.2.4.2. Mergers and Acquisitions
- 1.2.5. Business Opportunities
- 1.2.5.1. Emergence of Terrestrial-Based PNT Solutions
2. Region
- 2.1. Position, Navigation, and Timing (PNT) Solution Market (by Region)
- 2.2. Europe
- 2.2.1. Markets
- 2.2.1.1. Key Manufacturers and Suppliers in Europe
- 2.2.1.2. Business Drivers
- 2.2.1.3. Business Challenges
- 2.2.2. Application
- 2.2.2.1. Europe Position, Navigation, and Timing (PNT) Solution Market (by End User)
- 2.2.3. Product
- 2.2.3.1. Europe Position, Navigation, and Timing (PNT) Solution Market (by Component), Value Data
- 2.2.4. Services
- 2.2.4.1. Europe Position, Navigation, and Timing (PNT) Solution Market-GNSS Correction Services (by Type), Value Data
- 2.2.5. Europe (by Country)
- 2.2.5.1. France
- 2.2.5.1.1. Markets
- 2.2.5.1.1.1. Key Manufacturers and Suppliers in France
- 2.2.5.1.2. Application
- 2.2.5.1.2.1. France Position, Navigation, and Timing (PNT) Solution Market (by End User), Value Data
- 2.2.5.2. Germany
- 2.2.5.2.1. Markets
- 2.2.5.2.1.1. Key Manufacturers and Suppliers in Germany
- 2.2.5.2.2. Application
- 2.2.5.2.2.1. Germany Position, Navigation, and Timing (PNT) Solution Market (by End User), Value Data
- 2.2.5.3. Russia
- 2.2.5.3.1. Markets
- 2.2.5.3.1.1. Key Manufacturers and Suppliers in Russia
- 2.2.5.3.2. Application
- 2.2.5.3.2.1. Russia Position, Navigation, and Timing (PNT) Solution Market (by End User), Value Data
- 2.2.5.4. U.K.
- 2.2.5.4.1. Markets
- 2.2.5.4.1.1. Key Manufacturers and Suppliers in the U.K.
- 2.2.5.4.2. Application
- 2.2.5.4.2.1. U.K. Position, Navigation, and Timing (PNT) Solution Market (by End User), Value Data
- 2.2.5.5. Rest-of-Europe
- 2.2.5.5.1. Markets
- 2.2.5.5.1.1. Key Manufacturers and Suppliers in Rest-of-Europe
- 2.2.5.5.2. Application
- 2.2.5.5.2.1. Rest-of-Europe Position, Navigation, and Timing (PNT) Solution Market (by End User, Satellite), Value Data
3. Market - Competitive Benchmarking & Company Profiles
- 3.1. Market Share Analysis
- 3.1. BAE Systems, Inc.
- 3.1.1. Company Overview
- 3.1.1.1. Role of BAE Systems, Inc. in the Position, Navigation, and Timing (PNT) Solution Market
- 3.1.1.2. Product Portfolio
- 3.1.2. Business Strategies
- 3.1.2.1. New Product Launch
- 3.1.3. Corporate Strategies
- 3.1.3.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.1.4. R&D Analysis
- 3.1.5. Analyst View
- 3.2. Safran
- 3.2.1. Company Overview
- 3.2.1.1. Role of Safran in the Position, Navigation, and Timing (PNT) Solution Market
- 3.2.1.2. Product Portfolio
- 3.2.2. Business Strategies
- 3.2.2.1. Product Developments and Fundings
- 3.2.3. Corporate Strategies
- 3.2.3.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.2.3.2. Mergers and Acquisitions
- 3.2.4. R&D Analysis
- 3.2.5. Analyst View
- 3.3. Garmin Ltd.
- 3.3.1. Company Overview
- 3.3.1.1. Role of Garmin Ltd. in the Position, Navigation, and Timing (PNT) Solution Market
- 3.3.1.2. Product Portfolio
- 3.3.2. Business Strategies
- 3.3.2.1. New Product Launch
- 3.3.3. Corporate Strategies
- 3.3.3.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.3.4. R&D Analysis
- 3.3.5. Analyst View
- 3.4. Saab AB
- 3.4.1. Company Overview
- 3.4.1.1. Role of Saab AB in the Position, Navigation, and Timing (PNT) Solution Market
- 3.4.1.2. Product Portfolio
- 3.4.2. Corporate Strategies
- 3.4.2.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.4.3. R&D Analysis
- 3.4.4. Analyst View
- 3.5. Telespazio S.p.A.
- 3.5.1. Company Overview
- 3.5.1.1. Role of Telespazio S.p.A. in the Position, Navigation, and Timing (PNT) Solution Market
- 3.5.1.2. Product Portfolio
- 3.5.2. Business Strategies
- 3.5.2.1. New Product Launch
- 3.5.3. Corporate Strategies
- 3.5.3.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.5.4. Analyst View
- 3.6. Thales Group
- 3.6.1. Company Overview
- 3.6.1.1. Role of Thales Group in the Position, Navigation, and Timing (PNT) Solution Market
- 3.6.1.2. Product Portfolio
- 3.6.2. Corporate Strategies
- 3.6.2.1. Partnerships, Collaborations, Contracts, and Agreements
- 3.6.3. R&D Analysis
- 3.6.4. Analyst View
4. Research Methodology
- 4.1. Factors for Data Prediction and Modeling