The report on the Global Emergency Beacon Transmitter Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
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Market Analysis
The global emergency beacon transmitter market is predicted to touch USD 227.20 million at a 7.73% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. An emergency beacon transmitter, simply put, is a tracking device used to detect the exact location of a distress signal. The beacon during emergencies emits a distress signal that assists in detecting the location of aircrafts, boats, and people with the help of a non-geostationary satellite. The information captured is then used by rescue and search teams. It is widely used in the air force and navies in aircraft and ships to enable safety and security from unpredicted accidents such as fire, capsizing, and equipment malfunction.
Various factors are propelling the emergency beacon transmitter market growth. These factors, as specified by the Market Research Future (MRFR) report, include regulations laid down by the government with regards to the use of product registrations and emergency beacons, accessibility of highly reliable products, and rise in operational efficiency of digital beacons. Additional factors pushing market growth include an increase in aviation/maritime accidents and an increase in the use of emergency beacon transmitter by adventure enthusiasts during skiing and trekking.
On the contrary, high maintenance and installation cost, coupled with issues regarding the visibility range of emergency beacons transmitters, are factors that may deter the emergency beacon transmitter market growth over the forecast period.
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Key players
Leading players profiled in the emergency beacon transmitter market report include SERPE-IESM (France), Instrumar Limited (Canada), ACK Technologies, Inc. (US), Cobham Plc (UK), Emergency Beacon Corporation (US), HR Smith Group (UK), McMurdo Group (US), and ACR Electronics, Inc. (US), among others. The key players have acquired several strategies to maintain their position in the market, such as partnerships, mergers, and acquisitions, product launches, and innovation and research and development, among others.
April 2019: Astronics has introduced its latest ELT (emergency locator transmitter)- SRB-406G with GPS. This emergency transmitter has been specially designed for locating civil aviation life rafts. It is 15% lighter and 4.6% smaller compared to the earlier versions. Activated either automatically or manually upon life raft deployment having a self-deploying antenna, the new emergency local transmitter will help in improving a search and rescuing the response time of operations by offering accurate and rapid location.
Segmentation
The Market Research Future report provides a wide segmental analysis of the Emergency Beacon Transmitter Market based on services, type, and vertical.
Based on type, the emergency beacon transmitter market is segmented into emergency locator transmitters, emergency position-indicating radio beacons, and personal locator beacons. Of these, the personal locator beacons segment will have the largest share in the market over the forecast period. Owing to its portability, the personal locator beacons are widely used by rescue and search team members, climbers, and military individuals. Those working in remote and disaster-prone locations prefer carrying these beacons.
Based on services, the emergency beacon transmitter market is segmented into engineering, inspection and management, maintenance, and others.
Based on vertical, the emergency beacon transmitter market is segmented into military, maritime, aviation, and others. Of these, the military sector will dominate the market over the forecast period. This is due to increasing expenditure made to improve emergency beacon transmitters and defense ability in the military aviation sector.
Regional Analysis
By region, the emergency beacon transmitter market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is owing to the increasing use of beacon transmitters in the air force and marine defense sector. Moreover, government mandates for installing emergency local transmitters in every registered civil aircraft are also propelling market demand in this region.
The emergency beacon transmitter market in the APAC region will have the second-largest share in the market over the forecast period. It is anticipated to grow at the highest CAGR due to the implementation of increasing aviation security parameters by the major countries in this region.
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Intended Audience
• Software and Solution Providers
• Satellite Communication Equipment Manufacturers
• Satellite Operators
• Satellite Communication Service Users
• Telecom Service Providers
• Application and Software Developers
• Government/Non-profit Associations
• Business Organizations
• Universities and research organizations
• Venture capitalists
• Private equity firms
LIST OF TABLES
Table 1 Global Emergency Beacon Transmitter Market, By Region, 2018–2023
Table 2 North America: Emergency Beacon Transmitter Market, By Country, 2018–2023
Table 3 Europe: Emergency Beacon Transmitter Market, By Country, 2018–2023
Table 4 Asia-Pacific: Emergency Beacon Transmitter Market, By Country, 2018–2023
Table 5 Middle East & Africa: Emergency Beacon Transmitter Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Emergency Beacon Transmitter Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Emergency Beacon Transmitter Market
FIGURE 4 Value Chain Of Global Emergency Beacon Transmitter Market
FIGURE 5 Share Of Global Emergency Beacon Transmitter Market In 2017, By Country (In %)
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