Commercial satellite players have a significant opportunity to address growing concerns about the reliability, resilience, and security of traditional positioning, navigation, and timing (PNT) services, including widely used free services like GPS. By tackling risks such as GNSS spoofing and jamming, these actors can introduce innovative, revenue-generating services that appeal to both government and industry stakeholders.
PNT services are essential to many critical functions in society, ranging from tracking rideshare drivers to supporting military UAV long-distance missions. As the demand for more secure and resilient PNT services grows, commercial players are positioned to capture significant market opportunities, particularly in the defense sector. Over the next decade, the PNT market presents a potential USD 10.3 billion revenue opportunity, driven by the need for advanced and secure solutions.
