Non-Directional Radio Beacon Market Comprehensive Insights and Growth Potential in the Future

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.

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The Major Players Covered in this Report: Southern Avionics Company, Hanjinetc, Tele Supply AS, Mobin Ara Electronic CO., LTD, Nautel, Azimut, and System Interface Limited. & More.

The analysis of the Non-Directional Radio Beacon Market by lays out the market size information and knowledge about the market trends along side factors and parameters influencing it in both short- and long-term. The research provides a comprehensive 360° view and insights, outlining the main outcomes of the industry. These essential insights assist the decision-makers in formulating better business plans and make informed decisions for improved profitability. Moreover, the analysis helps venture capitalists in understanding the businesses with a far better perspective and make aware decisions.

By Type, Approach NDB, Locator type
By Application, Civil airports, Military airports, Private airports

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2019 to 2026

The report is a valued asset for the active players, new participants, and future investors, and provides a comprehensive assessment across regions such as:

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Non-Directional Radio Beacon in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Non-Directional Radio Beacon market during the forecast period 2017-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Non-Directional Radio Beacon and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Non-Directional Radio Beacon. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Intended Audience:
Non-Directional Radio Beacon Manufacturers
Traders and Distributors
Potential end-users
Potential Investors
Market Research and Consultants

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Key Non-Directional Radio Beacon Market Trends:
- The report identifies, determines, and forecasts the Global Non-Directional Radio Beacon Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Non-Directional Radio Beacon Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in the Non-Directional Radio Beacon Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Non-Directional Radio Beacon Market.

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