IPA: /ˈneɪvæd/
KK: /ˈneɪˌvæd/
A tool or system that helps people find their way while traveling, especially in ships or airplanes. Examples include lighthouses and radar beacons.
The pilot relied on the navaid to safely navigate through the fog.
Navaid is a portmanteau formed from "navigation" (from Latin "navigatio", meaning the act of sailing) and "aid" (from Old English "āidan", meaning to help). The word "navaid" refers to a navigational aid that assists in the process of navigation.
Think of 'navigation' helping you find your way and 'aid' meaning to help — a navaid is something that helps you navigate.