Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Radio Direction Finder (RDF) Market: 38% of Growth to Originate from North America | By End-user (government and commercial and civilian) and Geography - Forecast to 2024

, /PRNewswire/ -- The Radio Direction Finder Market value is set to grow by USD 69.57 million, progressing at a CAGR of 6% from 2019 to 2024, as per the latest report by Technavio. The market is segmented by end-user (government and commercial and civilian) and geography (North America, APAC, Europe, MEA, and South America).

Moreover, the growth in air traffic is notably driving the radio direction finder (RDF) market growth, although rising use of GPS may impede market growth.

Download this latest Radio Direction Finder (RDF) Market Report Sample from Technavio Right Here!

Radio Direction Finder (RDF) Market Geography Outlook (Revenue, USD mn, 2019-2024)

  • North America - size and forecast 2019-2024
  • APAC - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • South America - size and forecast 2019-2024

38% of the market's growth will originate from North America during the forecast period. US is the key market for radio direction finder (RDF) market in North America. Market growth in this region will be faster than the growth of the market in Europe and South America. Owing to the high satellite orbits, the signal strength of GPS near the earth's orbit is low. Because of this deficiency, civil aviation agencies such as NAV CANADA continue to use airborne RDF that are installed on aircraft for navigation, albeit on a restricted number of aircraft which will facilitate the radio direction finder (RDF) market growth in North America over the forecast period. 

Radio Direction Finder (RDF) Market End-user Outlook (Revenue, USD mn, 2019-2024)

  • Government - size and forecast 2019-2024
  • Commercial and civilian - size and forecast 2019-2024

The radio direction finder (RDF) market share growth by the government segment will be significant during the forecast period. RDF is one of the key forms of aircraft and marine navigation. The government sector uses RDFs in defense and military applications such as military aircraft, ships, and submarines, as well as police forces and agencies like fire departments and ambulance services. In air and sea navigation, radio transmitters are referred to as beacons and are functionally like a lighthouse.

Download Our Sample Report to gain further insights on the market share & contribution of various regions & segments

Growth in Air Traffic to Drive the Market Growth

The global air traffic is witnessing continuous growth. As an increased number of people join the middle-class segment in emerging countries, the market for domestic flights is expanding rapidly, which, in turn, boosts the demand for commercial flights in different parts of the globe. This has also contributed significantly to the growth of air traffic. The number of passengers traveling daily is also growing year over year. For instance, the number of passengers that travel on a regular basis on commercial flights increased by around 6% in 2018 compared with that in 2017. The increase in air traffic has a direct influence on the demand for RDF and, therefore, will drive market growth during the forecast period.

Rising Use of GPS to Challenge the Market Growth

The growing demand for GPS is the biggest challenge that radio direction finding faces. GPS offers significant benefits over RDFs, like GPS-enabled devices are lighter and easier to carry than RDFs, it costs significantly lower than RDFs, both in terms of installation and maintenance, in many applications, GPS is more accurate than RDFs as it shows the exact location of a vessel or device using satellite navigation. Even though RDFs are still being used by military and defense forces for security and surveillance, corporations and civilians have shifted almost completely to GPS or other similar satellite-based technologies. We expect that, in the future, the defense sector will also make the transition to GPS technologies completely.

Download sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2020-2024

Some of the Major Radio Direction Finder (RDF) Companies:

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Doppler Systems LLC
  • GEW Technologies
  • Honeywell International Inc.
  • Koden Electronics Co. Ltd.
  • L3 Technologies Inc.
  • Raytheon Co.
  • RHOTHETA Electronics GmbH
  • Rohde & Schwarz GmbH & Co. KG
  • Shoghi Communications Ltd.
  • Thales Group

Moreover, the radio direction finder (RDF) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Download Our Sample Report for more vendor insights with product offerings & news

Related Reports:

Multefire Market by Type and Geography - Forecast and Analysis 2022-2026: The multefire market share is expected to increase by USD 1.92 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 33.55%. To get more exclusive research insights: Download Our Sample Report

Passive Optical LAN Market by Component and Geography - Forecast and Analysis 2022-2026: The passive optical LAN market share is expected to increase by USD 21.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.10%. To get more exclusive research insights: Download Our Sample Report

Radio Direction Finder (RDF) Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2020-2024

$ 69.57 million

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, China, Russian Federation, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Doppler Systems LLC, GEW Technologies, Honeywell International Inc., Koden Electronics Co. Ltd., L3 Technologies Inc., Raytheon Co., RHOTHETA Electronics GmbH, Rohde & Schwarz GmbH & Co. KG, Shoghi Communications Ltd., and Thales Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Vessel traffic service - Market size and forecast 2019-2024
  • SAR - Market size and forecast 2019-2024
  • Air traffic control - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Government - Market size and forecast 2019-2024
  • Commercial and civilian - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Doppler Systems LLC
  • GEW Technologies
  • Honeywell International Inc.
  • Koden Electronics Co. Ltd.
  • L3 Technologies Inc.
  • Raytheon Co.
  • RHOTHETA Electronics GmbH
  • Rohde & Schwarz GmbH & Co. KG
  • Shoghi Communications Ltd.
  • Thales Group

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio



This post first appeared on Bluzz, please read the originial post: here

Share the post

Radio Direction Finder (RDF) Market: 38% of Growth to Originate from North America | By End-user (government and commercial and civilian) and Geography - Forecast to 2024

×

Subscribe to Bluzz

Get updates delivered right to your inbox!

Thank you for your subscription

×