Direction Finder Market Report Overview
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The global direction finder market size was USD 102810 Million in 2022 and market is projected to touch USD 134143.2 Million by 2031, at a compound annual growth rate (CAGR) of 3.0% during the forecast period.
Using a direction finder which is an electronic device, one can locate a ship or an aircraft. A radio receiver with a rotating directional antenna is used in a basic direction finder. When the antenna is pointed directly at a transmitter, it will pick up the strongest radio signal. A navigator can triangulate his position by determining the direction of two land-based transmitters. In many situations, more precise systems like radar and satellite navigation systems have taken the place of direction finders. This equipment was occasionally referred to as a radio compass due to its early use in navigation. Military operations have made significant use of the DF as a tool for locating hostile transmitters.
Various applications includes in air traffic control, vessel traffic service, mobile land etc. Expansion of aerospace industry opens a door for the market. Rising demand for vessel traffic services, and rapid expansion of air traffic control are the major market drivers. Apart from all the usages of direction finder, there are also some slight disadvantages of using the same. The replacement of direction finders with modern day navigation system is one among those restraints of the market.
COVID-19 Impact: Halt on Machinery and Equipment to Hamper Market
Direction finder market growth has also been drastically impacted by COVID-19 like most of the other industries. Market progress was impacted by a ban on transportation to control the spread of the virus. Market expansion was also hindered by lockdown restrictions. Production activities were halted due to the closure of manufacturing units. Market growth was also affected due to fluctuations in raw material prices. Due to curfews, the market grew at a slower rate. Product innovation is reduced due to a lack of investment by market players. Despite its slower market growth rate, the ease of restriction and lockdown is expected to have a positive impact on the market.
Latest Trends
"Worldwide Expansion of Aerospace Industry to Drive Market"
The worldwide expansion of the aerospace industry is a major driving factor of the market since direction finders are a major components in ATC systems. After a decade of unabated expansion, the rate of aircraft production grew steadily year after year in order to meet the expanding demand for air travel, thereby driving the market growth.
Direction Finder Market Segmentations
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- By Type
The market is classified into portable direction finder, base-station direction finder, and vehicle-mounted direction finder based on type. The portable direction finder segment will lead the direction finder market share throughout the forecast period.
- By Application
The market is classified into air traffic control, vessel traffic service and mobile land on the basis of application. The air traffic control segment will lead the direction finder market share throughout the forecast period.
Driving Factors
"Rising Demand for Vessel Traffic Services to Drive the Market"
It is anticipated that rising demand for vessel traffic service (VTS) will hasten market expansion. It is anticipated that high demand for signals in marine transportation will drive market expansion. The demand for high-frequency radio signals is expected to increase, which will accelerate device adoption. There is a high demand for navigation and to improve the safety of marine transportation. These equipment benefits are anticipated to fuel the market growth during the anticipated period. It is predicted that the market will advance due to the growing need to control marine traffic. Travelers' high use of marine transportation is predicted to propel market expansion. Expanding to maintain marine water borders' security from adversaries is anticipated to fuel market growth. It is anticipated that increased consumer awareness of traffic management and navigational aids will hasten market expansion.
"Rapid Expansion of Air Traffic Control to Drive the Market"
The market is expected to grow rapidly due to rising demand for air traffic control. The need to transmit signals into airspace is expected to grow in importance. Radio communication and location services are expected to be in high demand, propelling market growth. According to forecasts, market growth will be accelerated by rising demand for aircraft as excellent communication tools. It is predicted that a high demand for the primary safe operation in aircraft will drive device adoption. During the forecast period, it is anticipated that rising aircraft navigation needs will propel market growth. It is anticipated that rising concern over preserving a minimum amount of empty space will accelerate market growth. Growing numbers of military and commercial flights are anticipated to drive market expansion. It is anticipated that a high demand for pilot communication for navigational or emergency purposes will drive market growth.
Restraining Factors
"Replacement of direction finders to Restrain the Market"
Replacement of direction finders with modern day navigation system including GPS, radar, satellite navigation system, etc. is a major restraining factor of the market. Apart from this, the growth of GPS in almost all the fields also aids to the hampering of market growth.
Direction Finder Market Regional Insights
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"North America to Hold the Largest Maret Share Owing to Rising Demand for Navigation"
The market for direction finder is expected to be dominated by North America due to rising demand for ship and aircraft navigation. It is anticipated that rising demand for air traffic control will accelerate market growth. Anywhere in the world can use the equipment, and the signals are robust. During the forecast period, it is anticipated that these features of the device will hasten market growth. Turning the loop antenna (or goniometer) to receive a single signal from the transmitter is likely to spur market expansion. Major market players' presence in the area is anticipated to hasten market development.
After North America, Asia Pacific holds the second largest market share owing to the presence of more number of market players. Apart from this, the growth of various industries majorly in developing countries such as India and China, etc. also propels to the market growth.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Rohde-schwarz (Germany)
- Rockwell Collins (UTC) (U.S.)
- TCI (SPX) (U.S.)
- Taiyo (Japan)
- RHOTHETA Elektronik GmbH (Germany)
- GEW (U.K.)
- Thales (France)
- BendixKing (U.S.)
- TechComm (China)
- Narda (U.S.)
- Caravan (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. 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$ 102810 Million in 2022 |
Market Size Value By |
US$ 134143.2 Million by 2031 |
Growth Rate |
CAGR of 3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the direction finder market expected to touch by 2031?
The global direction finder market is expected to reach a value of USD 134143.2 million by 2031.
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What CAGR is the direction finder market expected to exhibit by 2031?
The direction finder market is expected to exhibit a CAGR of 3.0% by 2031.
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Which are the driving factors of the direction finder market?
Rising demand for vessel traffic services, and rapid expansion of air traffic control are some of the major driving factors of the direction finder market.
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Which are the top companies in the direction finder market?
The top companies in the direction finder market include ZKHY, Roaby, GCP Applied Technologies, etc.