Automatic Radio Direction Finder Market Report Overview
- Request Free Sample PDF learn more about this report
The global automatic radio direction finder market size is estimated to be USD 102920 million in 2021 and is projected to touch USD 135465.78 million by 2031, exhibiting a CAGR of 3.1% during the forecast period.
Automatic radio direction finder is an electromagnetic radiation instrument. It is used to determine the direction of the radio transmitter. The device can be used by an aircraft or ship for navigational aid. In the process, it uses the directions to two or more transmitters of known location, which is termed triangulation.
Increasing demand for navigation of ships and aircrafts is estimated to surge market growth. The device follows the curvature of the earth. Increasing need to trace or locate air or water transport is projected to drive market growth. Growing demand for air traffic control is predicted to surge market progress. The equipment can be used in any part of the world, and signals are strong. Such advantages of the device are anticipated to accelerate market progress during the forecast period. Single reception from the transmitter is probable by turning the loop antenna (or the goniometer) is predicted to surge market growth. The signal is not limited to line of sight distance, which is estimated to expand market growth.
COVID-19 Impact: Ban on Transportation to Restrict Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with automatic radio direction finder experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Ban on transportation to control the spreading of virus impacted market progress. Lockdown restriction affected market expansion. Closure of manufacturing units halted production activities. Fluctuation of raw material prices to impact market growth. Lower demand for transportation due to curfews minimized market growth. Lack of investment by market players to reduce product innovation.
On the contrary, growth in the aerospace sector is predicted to accelerate market growth. High demand to control air traffic is estimated to fuel market progress.
LATEST TRENDS
"Increasing Demand for Air Traffic Control to Foster Market Growth "
Growing demand to control air traffic is predicted to surge market growth. Increasing need to transmit a signal to airspace is anticipated to surge market growth. High demand to locate and communicate by radio is projected to drive market progress. Growing demand for aircraft as a great means of communication is predicted to accelerate market growth. High demand for the main safe operation in the aircraft is estimated to fuel device adoption. Increasing need for navigation in aircraft is anticipated to fuel market progress during the forecast period. Growing concern about maintaining minimum amount of empty space is projected to boost market growth. Growing number of commercial flights and military flights, which is expected to fuel market growth. High demand to communicate with pilot for navigation or emergency purposes is predicted to propel market development.
Automatic Radio Direction Finder Market Segmentation
- Request Free Sample PDF learn more about this report
- By Type
Based on type, the market is divided into portable direction finder, base-station direction finder, and vehicle-mounted direction finder.
Portable direction finder is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into air traffic control, vessel traffic service, and mobile land.
Air traffic control is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Growing Need for Vessel Traffic Service to Incite Market Growth "
Increasing need for vessel traffic service (VTS) is anticipated to accelerate market growth. High demand to provide signals in marine transportation is predicted to fuel market growth. Growing demand for high frequency radio signals is projected to boost device adoption. High demand to improve marine transportation safety and provide navigation. Such advantages of the equipment are predicted to surge market growth during the forecast period. Increasing need to control marine traffic is estimated to expand market progress. High adoption of marine transportation among travelers is anticipated to surge market growth. Growing to maintain marine water border safety from enemies is projected to drive market expansion. Growing awareness about traffic organization and navigational assistance is predicted to accelerate market expansion.
"High Demand for Tracking or Navigation to Stimulate Market Growth "
The device is extensively used to track or navigate aircraft and ships is estimated to accelerate market growth. The device is used to locate an emergency transmitter for rescue and search. Such benefits are projected to drive market growth. Increasing need to track wildlife is predicted to surge market expansion. Growing need to locate illegal or interfering transmitters is anticipated to boost market growth. The device can be used with very long wavelengths, which is estimated to boost market expansion. Rapid industrialization and urbanization are anticipated to fuel market growth. Increasing disposable income of the population is predicted to propel market expansion during the forecast period.
RESTRAINING FACTORS
"High Cost of the Device to Hamper Market Growth"
High cost of the device is estimated to hamper market growth. Maintenance cost associated with the devic is predicted to restrict market expansion during the forecast period.
Automatic Radio Direction Finder Market Regional Insights
- Request Free Sample PDF learn more about this report
"Growing Demand for Navigation in North America to Drive Market Share "
North America is anticipated to dominate automatic radio direction finder market share due to Increasing demand for navigation of ships and aircraft. Growing demand for air traffic control is predicted to surge market progress. The equipment can be used in any part of the world, and signals are strong. Such advantages of the device are anticipated to accelerate market progress during the forecast period. Single reception from the transmitter is probable by turning the loop antenna (or the goniometer) is predicted to surge market growth. Presence of major market players in the region is predicted to accelerate market progress.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Collaboration Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
"List of Market Players Profiled"
- Rohde-schwarz (Germany)
- Rockwell Collins (UTC) (U.S.)
- TCI (SPX) (Canada)
- Taiyo (Japan)
- RHOTHETA Elektronik GmbH (Germany)
- Thales (France)
- BendixKing (U.S.)
- TechComm (India)
- Narda (India)
- Caravan
- GEW
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 102920 Million in 2021 |
Market Size Value By |
US$ 135465.78 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is the automatic radio direction finder market expected to touch by 2031?
The global automatic radio direction finder market is expected to reach USD 135465.78 million by 2031.
-
What CAGR is the automatic radio direction finder market expected to exhibit by 2031?
The automatic radio direction finder market is expected to exhibit a CAGR of 3.1% by 2031.
-
Which are the driving factors of the automatic radio direction finder market?
Drivers of this automatic radio direction finder market are growing need for vessel traffic service and high demand for tracking or navigation.
-
Which are the top companies operating in the automatic radio direction finder market?
Rohde-schwarz, Rockwell Collins (UTC), TCI (SPX), Taiyo, RHOTHETA Elektronik GmbH, GEW, Thales, BendixKing, TechComm, Narda, and Caravan.