TACAN, ILS, and DME Market

Global TACAN, ILS, and DME Market By TACAN Type (NAVAL TACAN, Fixed TACAN, and Mobile TACAN), ILS Type (ILS CAT I, ILS CAT II, and ILS CAT III), DME Type (high power and low power), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

  • Report ID: AD-4635
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 412
  • Format:
  • Pub. Date: 28-04-2021
  • Share:

Market Outlook:

The global TACAN market was valued at USD 2,041.5 Mn in 2020 and is anticipated to reach USD 3,444.9 Mn by 2031, expanding at a CAGR of 4.9% during the forecast period. The global ILS market was valued at USD 5,683.0 Mn in 2020 and is anticipated to reach USD 6,099.3 Mn by 2031, expanding at a CAGR of 0.6% during the forecast period. The global DME market was valued at USD 232.4 Mn in 2020 and is anticipated to reach USD 679.3 Mn by 2031, expanding at a CAGR of 10.2% during the forecast period. TACAN means tactical air navigation system. It provides the pilot with bearing and distance information to a ship-borne station or ground. This airborne equipment includes an interrogating transmitter and a receiver which consists of suitable demodulating circuits. This circuits helps to enable the information contained in the beacon's response to be extracted. TACAN system operates in the Ultrahigh Frequency (UHF) band of frequencies.


TACAN, ILS, and DME Market Key Takeaways

Any equipment that can provide precise distance from a station, such as GPS, is referred to as distance measuring equipment. Distance measuring equipment (DME) is a system that requires two equipment such as ground-based equipment and aircraft installed equipment. The interrogating equipment, referred to as the 'Interrogator,' is situated in the aircraft, and the target, which is located on the ground, is referred to as the 'Transponder,' or 'Ground Beacon,' in the DME system. An instrument landing system (ILS) or a VHF omnidirectional radio range are co-located with this system (VOR). It shows the user the slant-range distance between the user and the DME transmitter.

DME frequencies are associated with an ILS, VOR, or localizer frequency in a distinct frequency band. The frequency of the co-located DME is automatically tuned when the pilot of a DME-equipped aircraft tunes the frequency of a VOR (or ILS) with DME. The aircraft sends a pulsed signal to the DME ground station, which receives a response. Groundspeed and time to station can be measured using the time between transmission and reception, which is measured by aircraft equipment.

Attributes

Details

Report Title

TACAN Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2021–2031

Forecast Period

By TACAN Type (NAVAL TACAN, Fixed TACAN, and Mobile TACAN), ILS Type (ILS CAT I, ILS CAT II, and ILS CAT III), DME Type (high power and low power)

Segmentation

North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Thales Group, Korea Airports Corporation, Moog Inc., Leonardo S.p.A., Indra Navia AS, Intelcan Technosystems Inc., AZIMUT

Market Dynamics

Increasing Use for Navigation Aids

A wide range of navigation aids are used for various applications in the military industry. These navaids has different operators and owners such as the Federal Aviation Administration (FAA) and private organizations. The use of navigation aids such as TACAN systems is expected to increase in the coming years owing to the benefits provided by these systems. For instance, TACAN systems provide azimuth and distance information from a ground or ship-borne station. Thus, such benefits are boosting the demand for navigation aids across the military’s worldwide, which in turn, is expected to drive the demand for tactical air navigation system during the forecast timeframe, 2021-2031.

Economic Growth in Developing Economies

The developing countries such as Brazil, India, South Africa, and Mexico are focusing towards military expenditure. For instance, as per the recently published data by the STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE (SIPRI), in 2020, India spent USD 72.9 million on military as compared to USD 71.1 billion in 2019. The year-on-year increase in the military spending is expected to boost the demand for TACAN systems during the forecast period. Moreover, in 2020, Brazil spent around 1.4% of its GDP on military expenditure. Such high expenditure on military is expected to add new navigation systems in the aircrafts in Brazil, which in turn, drives the demand for TACAN systems.

Growing Importance for Pilot Assist and Aircraft Control Systems

A pilot assist system provides assistance to a user to maintain safe distance between the ground and aircraft. These systems also includes navigation aids that helps to provide distance and azimuth information to the pilot in military applications. Navigational aids helps an aircraft to guide and navigate to its destination. It can be in the form of Non-Directional Beacon (NDB), Distance Measuring Equipment (DME), and Instrument Landing Systems (ILS). The absence of these systems may lead to aviation accidents due to pilot error, and mechanical failure. Thus, most of the countries across the globe are focusing on the adoption of ILS DME thereby, spurring its market growth in the coming years.

Increasing Number of Aircraft in the Asia Pacific Region

Increasing number of aircrafts in the countries across Asia Pacific region is expected to boost the demand for ILS DME market in the upcoming years. The increasing number of aircrafts is driven by the increasing military expenditure in the countries across Asia Pacific region. For instance, according to a recently published data by the SIPRI, in 2020, the military spending of South Korea reached USD 45.7 billion in 2020 as compared to USD 43.9 billion in 2019. Moreover, according to a recent data, in 2020, China has the third largest inventory of military aircraft with 3,160 machines in service. Thus, the new aircrafts in the Asia Pacific region are expected to expand the ILS DME market.

High Cost of Equipment

The high cost of distance measuring equipment is expected to hamper the growth of ILS DME Market. The high cost of these equipment is attributed to the limited competition in the market. Moreover, the third-party companies that supply aircraft navigation systems charge high for their products due to the limited option available with customers. Thus, due to high cost, the adoption of instrument landing systems and distance measuring equipment is expected to decrease in the coming years thereby, hampering the overall market.

Segmental Outlook

The global TACAN, ILS, and DME market is segmented on the basis of TACAN types, ILS type, DME type, and regions.

Based on types, the global TACAN market is categorized as NAVAL TACAN, Fixed TACAN, and Mobile TACAN. The NAVAL & Mobile TACAN segment holds a significant share of the TACAN Market and is anticipated to expand at a significant CAGR during the forecast period, 2021-2031. The growth of NAVAL TACAN segment is attributed to the rising adoption of tactical air navigation system for shipboard applications across the globe. The fixed TACAN segment held a market share of 32.7% in 2020 and is projected to expand at a CAGR of 2.9% during the forecast period, 2021-2031.


TACAN, ILS, and DME Market By Types

Based on ILS type, the global market is categorized as ILS CAT I, ILS CAT II, and ILS CAT III. The ILS CAT I segment holds a significant share of the ILS DME Market and is anticipated to expand at a significant CAGR during the forecast period, 2021-2031. The growth of ILS CAT I segment is attributed to the rising adoption of distance measuring equipment and instrument landing systems across the globe. The ILS CAT III segment held a market share of 26.8% in 2020 and is projected to expand at the highest CAGR during the forecast timeframe.


ILS, and DME Market By Types

Based on DME types, the global DME market is categorized as high power and low power. The low power segment holds a significant share of the ILS DME Market and is anticipated to expand at a significant CAGR during the forecast period, 2021-2031. The growth of high power segment is attributed to the advantage of high power DME for the transmission for power up to 1,000 watts. Hence, the adoption of high power DME is expected to increase in the developed countries across the globe. The low power segment held a market share of 64.1% in 2020 and is projected to expand at a CAGR of 10.2% during the forecast period, 2021-2031.

Regional Outlook

Based on regions, the global TACAN, ILS, and DME market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a significant share of the market in 2020 and is anticipated to expand at a substantial CAGR during the forecast period. According to a recently published data by the Stockholm International Peace Research Institute (SIPRI), in 2020, the military spending of the U.S. reached USD 778.0 billion from USD 732.0 million in 2019. Thus, the increase in the military spending is expected to upsurge the demand for new navigation aids thereby, spurring the growth of TACAN systems market in North America.

Increasing focus towards the adoption of pilot assist systems in military sector is expected to boost the demand for TACAN systems across the country.

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the global TACAN, ILS, and DME market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global TACAN, ILS, and DME Market Performance

Segments

By TACAN Type
  • NAVAL TACAN
  • Fixed TACAN
  • Mobile TACAN
By ILS Type
  • ILS CAT I
  • ILS CAT II
  • ILS CAT III
By DME Type
  • High Power
  • Low Power
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • Thales Group
  • Korea Airports Corporation
  • Moog Inc.
  • Leonardo S.p.A.
  • Indra Navia AS
  • Intelcan Technosystems Inc.
  • AZIMUT

Competitive Landscape

  • Top players in the market include Thales Group, Korea Airports Corporation, Moog Inc., Leonardo S.p.A., Indra Navia AS, Intelcan Technosystems Inc., and AZIMUT.
  • These companies are considered as key manufacturers of piezoelectric element based on their revenue, product offerings, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the TACAN, ILS, and DME market.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Global TACAN Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 TACAN, ILS, and DME Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 TACAN, ILS, and DME Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the TACAN, ILS, and DME Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global TACAN, ILS, and DME Market Size & Forecast, 2018-2031
      4.5.1 TACAN, ILS, and DME Market Size and Y-o-Y Growth
      4.5.2 TACAN, ILS, and DME Market Absolute $ Opportunity
   4.6 Technology Scenario
Chapter 5 Global ILS and DME Market Overview
   5.1 Introduction
      5.1.1 Market Taxonomy
      5.1.2 Market Definition
      5.1.3 Macro-Economic Factors Impacting the Market Growth
   5.2 TACAN, ILS, and DME Market Dynamics
      5.2.1 Market Drivers
      5.2.2 Market Restraints
      5.2.3 Market Opportunity
   5.3 TACAN, ILS, and DME Market - Supply Chain Analysis
      5.3.1 List of Key Suppliers
      5.3.2 List of Key Distributors
      5.3.3 List of Key Consumers
   5.4 Key Forces Shaping the TACAN, ILS, and DME Market
      5.4.1 Bargaining Power of Suppliers
      5.4.2 Bargaining Power of Buyers
      5.4.3 Threat of Substitution
      5.4.4 Threat of New Entrants
      5.4.5 Competitive Rivalry
   5.5 Global TACAN, ILS, and DME Market Size & Forecast, 2018-2031
      5.5.1 TACAN, ILS, and DME Market Size and Y-o-Y Growth
      5.5.2 TACAN, ILS, and DME Market Absolute $ Opportunity
   5.6 Technology Scenario
   5.7 Entry Level Strategy: Analysis
   5.8 Overall Strategy of the Companies
Chapter 6 Global TACAN, ILS, and DME Market Analysis and Forecast By TACAN Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By TACAN Type
      6.1.2 Basis Point Share (BPS) Analysis By TACAN Type
      6.1.3 Absolute $ Opportunity Assessment By TACAN Type
   6.2 TACAN, ILS, and DME Market Size Forecast By TACAN Type
      6.2.1 NAVAL TACAN
      6.2.2 Fixed TACAN
      6.2.3 Mobile TACAN
   6.3 Market Attractiveness Analysis By TACAN Type
Chapter 7 Global TACAN, ILS, and DME Market Analysis and Forecast By ILS Type
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By ILS Type
      7.1.2 Basis Point Share (BPS) Analysis By ILS Type
      7.1.3 Absolute $ Opportunity Assessment By ILS Type
   7.2 TACAN, ILS, and DME Market Size Forecast By ILS Type
      7.2.1 ILS CAT I
      7.2.2 ILS CAT II
      7.2.3 ILS CAT III
   7.3 Market Attractiveness Analysis By ILS Type
Chapter 8 Global TACAN, ILS, and DME Market Analysis and Forecast By DME Type
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By DME Type
      8.1.2 Basis Point Share (BPS) Analysis By DME Type
      8.1.3 Absolute $ Opportunity Assessment By DME Type
   8.2 TACAN, ILS, and DME Market Size Forecast By DME Type
      8.2.1 High Power
      8.2.2 Low Power
   8.3 Market Attractiveness Analysis By DME Type
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America TACAN, ILS, and DME Analysis and Forecast
   10.1 Introduction
   10.2 North America TACAN, ILS, and DME Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America TACAN, ILS, and DME Market Size Forecast By TACAN Type
      10.6.1 NAVAL TACAN
      10.6.2 Fixed TACAN
      10.6.3 Mobile TACAN
   10.7 Basis Point Share (BPS) Analysis By TACAN Type
   10.8 Absolute $ Opportunity Assessment By TACAN Type
   10.9 Market Attractiveness Analysis By TACAN Type
   10.10 North America TACAN, ILS, and DME Market Size Forecast By ILS Type
      10.10.1 ILS CAT I
      10.10.2 ILS CAT II
      10.10.3 ILS CAT III
   10.11 Basis Point Share (BPS) Analysis By ILS Type
   10.12 Absolute $ Opportunity Assessment By ILS Type
   10.13 Market Attractiveness Analysis By ILS Type
   10.14 North America TACAN, ILS, and DME Market Size Forecast By DME Type
      10.14.1 High Power
      10.14.2 Low Power
   10.15 Basis Point Share (BPS) Analysis By DME Type
   10.16 Absolute $ Opportunity Assessment By DME Type
   10.17 Market Attractiveness Analysis By DME Type
Chapter 11 Europe TACAN, ILS, and DME Analysis and Forecast
   11.1 Introduction
   11.2 Europe TACAN, ILS, and DME Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe TACAN, ILS, and DME Market Size Forecast By TACAN Type
      11.6.1 NAVAL TACAN
      11.6.2 Fixed TACAN
      11.6.3 Mobile TACAN
   11.7 Basis Point Share (BPS) Analysis By TACAN Type
   11.8 Absolute $ Opportunity Assessment By TACAN Type
   11.9 Market Attractiveness Analysis By TACAN Type
   11.10 Europe TACAN, ILS, and DME Market Size Forecast By ILS Type
      11.10.1 ILS CAT I
      11.10.2 ILS CAT II
      11.10.3 ILS CAT III
   11.11 Basis Point Share (BPS) Analysis By ILS Type
   11.12 Absolute $ Opportunity Assessment By ILS Type
   11.13 Market Attractiveness Analysis By ILS Type
   11.14 Europe TACAN, ILS, and DME Market Size Forecast By DME Type
      11.14.1 High Power
      11.14.2 Low Power
   11.15 Basis Point Share (BPS) Analysis By DME Type
   11.16 Absolute $ Opportunity Assessment By DME Type
   11.17 Market Attractiveness Analysis By DME Type
Chapter 12 Asia Pacific TACAN, ILS, and DME Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific TACAN, ILS, and DME Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific TACAN, ILS, and DME Market Size Forecast By TACAN Type
      12.6.1 NAVAL TACAN
      12.6.2 Fixed TACAN
      12.6.3 Mobile TACAN
   12.7 Basis Point Share (BPS) Analysis By TACAN Type
   12.8 Absolute $ Opportunity Assessment By TACAN Type
   12.9 Market Attractiveness Analysis By TACAN Type
   12.10 Asia Pacific TACAN, ILS, and DME Market Size Forecast By ILS Type
      12.10.1 ILS CAT I
      12.10.2 ILS CAT II
      12.10.3 ILS CAT III
   12.11 Basis Point Share (BPS) Analysis By ILS Type
   12.12 Absolute $ Opportunity Assessment By ILS Type
   12.13 Market Attractiveness Analysis By ILS Type
   12.14 Asia Pacific TACAN, ILS, and DME Market Size Forecast By DME Type
      12.14.1 High Power
      12.14.2 Low Power
   12.15 Basis Point Share (BPS) Analysis By DME Type
   12.16 Absolute $ Opportunity Assessment By DME Type
   12.17 Market Attractiveness Analysis By DME Type
Chapter 13 Latin America TACAN, ILS, and DME Analysis and Forecast
   13.1 Introduction
   13.2 Latin America TACAN, ILS, and DME Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America TACAN, ILS, and DME Market Size Forecast By TACAN Type
      13.6.1 NAVAL TACAN
      13.6.2 Fixed TACAN
      13.6.3 Mobile TACAN
   13.7 Basis Point Share (BPS) Analysis By TACAN Type
   13.8 Absolute $ Opportunity Assessment By TACAN Type
   13.9 Market Attractiveness Analysis By TACAN Type
   13.10 Latin America TACAN, ILS, and DME Market Size Forecast By ILS Type
      13.10.1 ILS CAT I
      13.10.2 ILS CAT II
      13.10.3 ILS CAT III
   13.11 Basis Point Share (BPS) Analysis By ILS Type
   13.12 Absolute $ Opportunity Assessment By ILS Type
   13.13 Market Attractiveness Analysis By ILS Type
   13.14 Latin America TACAN, ILS, and DME Market Size Forecast By DME Type
      13.14.1 High Power
      13.14.2 Low Power
   13.15 Basis Point Share (BPS) Analysis By DME Type
   13.16 Absolute $ Opportunity Assessment By DME Type
   13.17 Market Attractiveness Analysis By DME Type
Chapter 14 Middle East & Africa (MEA) TACAN, ILS, and DME Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) TACAN, ILS, and DME Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) TACAN, ILS, and DME Market Size Forecast By TACAN Type
      14.6.1 NAVAL TACAN
      14.6.2 Fixed TACAN
      14.6.3 Mobile TACAN
   14.7 Basis Point Share (BPS) Analysis By TACAN Type
   14.8 Absolute $ Opportunity Assessment By TACAN Type
   14.9 Market Attractiveness Analysis By TACAN Type
   14.10 Middle East & Africa (MEA) TACAN, ILS, and DME Market Size Forecast By ILS Type
      14.10.1 ILS CAT I
      14.10.2 ILS CAT II
      14.10.3 ILS CAT III
   14.11 Basis Point Share (BPS) Analysis By ILS Type
   14.12 Absolute $ Opportunity Assessment By ILS Type
   14.13 Market Attractiveness Analysis By ILS Type
   14.14 Middle East & Africa (MEA) TACAN, ILS, and DME Market Size Forecast By DME Type
      14.14.1 High Power
      14.14.2 Low Power
   14.15 Basis Point Share (BPS) Analysis By DME Type
   14.16 Absolute $ Opportunity Assessment By DME Type
   14.17 Market Attractiveness Analysis By DME Type
Chapter 15 Competition Landscape
   15.1 TACAN Market: Competitive Dashboard
   15.2 Global TACAN Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Thales Group
      15.3.2 Korea Airports Corporation
      15.3.3 Moog Inc
      15.3.4 Leonardo S.p.A.     
Chapter 16 Competition Landscape
   15.1 ILS and DME Market: Competitive Dashboard
   15.2 Global ILS, and DME Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Korea Airports Corporation
      15.3.2 Indra Navia AS
      15.3.3 Leonardo S.p.A.
      15.3.4 Intelcan Technosystems Inc.
      15.3.5 Thales Group
      15.3.6 AZIMUT
By TACAN Type
  • NAVAL TACAN
  • Fixed TACAN
  • Mobile TACAN
By ILS Type
  • ILS CAT I
  • ILS CAT II
  • ILS CAT III
By DME Type
  • High Power
  • Low Power
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • Thales Group
  • Korea Airports Corporation
  • Moog Inc.
  • Leonardo S.p.A.
  • Indra Navia AS
  • Intelcan Technosystems Inc.
  • AZIMUT
  • Top players in the market include Thales Group, Korea Airports Corporation, Moog Inc., Leonardo S.p.A., Indra Navia AS, Intelcan Technosystems Inc., and AZIMUT.
  • These companies are considered as key manufacturers of piezoelectric element based on their revenue, product offerings, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the TACAN, ILS, and DME market.

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request For a discussion related to above findings, click Speak to Analyst

According to this Growth Market Reports report, the global TACAN market was valued at USD 2,041.5 Mn in 2020 and is anticipated to reach USD 3,444.9 Mn by 2031, expanding at a CAGR of 4.9% during the forecast period. The global ILS market was valued at USD 5,683.0 Mn in 2020 and is anticipated to reach USD 6,099.3 Mn by 2031, expanding at a CAGR of 0.6% during the forecast period. The global DME market was valued at USD 232.4 Mn in 2020 and is anticipated to reach USD 679.3 Mn by 2031, expanding at a CAGR of 10.2% during the forecast period.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2019), and quality parameter overview is provided.

Increasing use for navigation aids, economic growth in developing economies, and growing importance for pilot assist and aircraft control systems expected to act as a driving force for the market and rise in prevalence of biological diseases is expected to drive the market growth during forecast period.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness a significant decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the TACAN, ILS, and DME market.

The base year considered for the global TACAN, ILS, and DME market report is 2020. The complete analysis period is 2018 to 2031, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2031.

Factors such as military expenditure, GDP, growth of aerospace & defense industry, and aircrafts adoption are analyzed in the final report.

Major Manufacturers Thales Group, Korea Airports Corporation, Moog Inc., Leonardo S.p.A., Indra Navia AS, Intelcan Technosystems Inc., and AZIMUT.