Satellite PNT Technology Market is Estimated to Reach $8,817.3 Million by 2031 | BIS Research Study

FREMONT, Calif. - Sept. 9, 2022 - PRLog -- The satellite PNT technology has gained significant importance over the last decade. The increase in the requirement of the resilient and secure position, navigation, location, and timing data across the globe for various defense, commercial, and civilian applications without interruption has generated the demand for a robust PNT ecosystem consisting of hi-tech antennas, receivers, and atomic clocks.  The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research along with analytical tools to predict the forecast analysis for the study period. With the help of these, the global satellite PNT technology study provides a broader perspective of the industry.

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The satellite position, navigation, and timing (PNT) technology is derived from the GNSS onboard the communication satellite. In 1967 first NAVSTAR7, or GPS satellite, was launched, and by 1997 the complete system became operational. At the time of its introduction, this technology was to purely supplement military and defense operations. However, over the years the satellite PNT technology has become crucial for commercial and civil operations as well.

The demand for resilient and reliable satellite PNT technology provided by GNSS has increased significantly over the years owing to innovation in the defense, commercial, automobile, and transport sectors. The increasing use of smartphones and similar smart devices has also increased the scope of growth and modernization in the position, navigation, and timing technology market.

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At present, national security, critical government infrastructure, military operations, financial operations, and other major industries such as agriculture and mining rely on the precision satellite PNT technology to conduct their operations and will continue to depend on this technology for development in the future.

The companies dedicated to global satellite technology are now formulating innovative solutions to overcome disruptions, interruptions and provide operational efficiency of on position, navigation, and timing technology. One such method developed is anti-jamming and anti-spoofing solutions.

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