The satellite PNT technology providers also indulge in numerous tie-ups with international and national space agencies as well as commercial space players. For instance, the OneWeb company was selected by the U.K. in 2020 to develop its navigation satellite system following the Brexit. Moreover, in May 2021, OneWeb and U.K. Space Agency announced a collaboration to develop a new beam-hopping satellite that would allow satellites to change what area of the planet they cover owing to increasing commercial demand for responding to emergencies such as natural disasters.
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The competitive landscape of the satellite PNT technology market consists of different business and corporate strategies conducted by major players across the industry to gain market presence. Some strategies adopted by satellite PNT technology providers include long-term contracts, acquisitions, agreements, new product launches, business expansion, and partnerships, and collaborations. The most prominent strategy that has been adopted by the players in the satellite PNT technology market includes long-term government contracts, acquisitions, and collaborations.
The satellite PNT technology providers are also growing their businesses by entering strategic partnerships with smaller enterprises and start-ups for a global footprint in the satellite position, navigation, and timing technology market. The market players are also investing in emerging economies and underdeveloped countries to increase their customer base and offer digitized navigation, timing, and locating services.
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. At present, the satellite PNT technology is used for many applications, including precision agriculture, marine operations, and transportation.
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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