Global Statistics Representing Non-Directional Radio Beacon Market Scenario
The global non-directional radio beacon market was valued at USD 268.29 million in 2018 and is expected to reach USD 356.25 million by 2024 with a CAGR of 4.4% during the forecast period, 2019–2026.
A non-directional radio beacon is a low/medium-frequency and ground-based radio transmitter used as a navigation aid for aircraft. It transmits an omnidirectional signal, which is received by an automatic direction finder (ADF) onboard the aircraft. The rising prominence of air travel and the subsequent increase in the number of aircraft, alongside growing international trade are contributing to the increasing number of airports around the globe. As per statistics by the International Air Transport Association (IATA), around 3.8 billion passengers traveled via air in 2016, i.e. around 7% higher than in 2015.
The global non-directional radio beacon market can be segmented by type and application. Based on type, the non-directional radio beacon market can be segmented into approach NDB and locator type. The locator type segment is expected to dominate the global non-directional radio beacon market on account of the rising concerns about runway safety. Around 42% of accidents in commercial flights were categorized in the runway safety category, as per the International Civil Aviation Organization (ICAO).
Based on application, the non-directional radio beacon market can be segmented into civil airports, military airports, and private airports. The civil airports segment is expected to witness high growth in the global non-directional radio beacon market, owing to the increasing passenger traffic. The world’s busiest airports, including O’Hare International Airport (U.S.) and Ataturk International Airport (Turkey), among others grew by around 5% in 2017. Additionally, in the same year, there was an increase in total cargo (+7.9%), total international freight (+9.9%), and total aircraft movements (+2.4%), as compared to 2016.
Geographically, the non-directional radio beacon market has been segmented into Asia-Pacific, North America, Europe, and Latin America and the Middle East and Africa.
Asia-Pacific is expected to witness high growth in the global non-directional radio beacon market, propelled by numerous domestic and international players and a substantial increase in the number of passengers opting for air travel. For instance, there was 18% growth in passenger traffic in 2017, which led to flights running at 86.1% of their capacity in the same year.
Europe is expected to witness significant growth in the global non-directional radio beacon market, on account for increasing passenger and aircraft movements. The region is expected to build several new airports to decrease the burden or stress on current airports and staff, which would further spur the demand for non-directional radio beacons in the region. However, BREXIT and other geopolitical tensions in Europe may have an adverse effect on the market.
North America is expected to register considerable growth in the global non-directional radio beacon market, backed by the presence of around 19,346 public and private airports as well as a vast number of military airbases in the U.S. and Canada alone.
Latin America is expected to witness noteworthy growth in the global non-directional radio beacon market, owing to the presence of strong economies such as Brazil. The Brazilian Government’s June 2015 decision to concession airports in Fortaleza, Salvador, Florianopolis, and Porto Alegre has opened new doors for NDB manufacturers to penetrate the market. Rapidly growing traffic from other regions of the world and the integration of Latin American airlines in global alliances have further bolstered market growth.
The Middle East & Africa region is expected to witness steady growth in the global non-directional radio beacon market during the forecast period, owing to the presence of strong economies such as Dubai and Saudi Arabia. The economically conducive environment in Dubai allows the country hands over 1500 commercial aircraft per day.
Some of the key players in the global non-directional radio beacon market are Southern Avionics Company, Hanjinetc, Tele Supply AS, Mobin Ara Electronic CO., LTD, Nautel, Azimut, and System Interface Limited.
Future Developments in the Non-Directional Radio Beacon Market
Non-Directional Radio Beacon Market Segmentation
Latin America, Middle East, and Africa (LAMEA)
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