Global Emergency Beacon Transmitter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Emergency Beacon Transmitter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global emergency beacon transmitter market report has been segmented on the basis of type, service, industry vertical, and region.
Global Emergency Beacon Transmitter Market: Overview
Emergency beacon transmitters are devices that are used for tracking and assist in detecting and locating boats, aircraft, and people when in distress.
Global Emergency Beacon Transmitter Market: Dynamics
Increasing incidence of aircraft hijacks and human physical threats in developing countries is expected to drive growth of the target market. This factor is primarily attribute to growing demand for tracking and detecting threats which enables safety of individuals.
Earlier, emergency beacon transmitter devices were not as reliable as they are now due to limitation in location accuracy. Therefore with rapid technological advancement and introduction of emergency beacon transmitter devices are another factor to expected to fuel growth of the potential market in the near future. For instance; certain device, that work on 406 MHz, is equipped with global position system (GPS) receiver by which the transmitter provides exact location from where the distress signals have been sent and received. This advancement in the emergency beacon transmitter devices or equipment is resulting into high demand of the target market products in various industry applications.
Furthermore, increasing outdoor or adventures activities by individuals across the globe is resulting in high adoption of emergency beacon transmitters primarily to support rescue mission in a life-threatening situation. This factor is further expected to support growth of the target market in the coming 10 years.
However, availability of alternative solutions via substitute products such as satellite messengers and satellite phones is a major factor that could restraint growth of the market.
Limited range of emergency beacons transmitters is a challenging factor that would hinder market growth to a certain extent.
Increasing R&D activities and demand for transmitters that offers accurate information, provide real-time emergency tracking, maximize search area, and transmitters that response through a network of satellite such as Cospas-Sarsat satellite system is a factor expected to create significant revenue growth opportunities for companies operating in global emergency beacons transmitter market over the forecast period.
Global Emergency Beacon Transmitter Market: Segment Analysis
Among the type segments, the emergency position-indicating radio beacons segment is expected to dominate in the global market. Multiple features, included in a single product, is a factor expected to boost growth of the emergency position-indicating radio beacons segment in the target market during the forecast period.
Global Emergency Beacon Transmitter Market: Region Analysis
International Civil Aviation Organization (ICAO) imposed a rule in 2008 for installation of at least one 406 MHz ELT in commercial and private airplanes that are operating internationally, outside of US. These are major factors expected to drive growth of the emergency beacon transmitter market in North America over the forecast period.
Global Emergency Beacon Transmitter Market Segmentation:
Segmentation by Type:
- Personal Locator Beacons
- Emergency Locator Transmitters
- Emergency Position-Indicating Radio Beacons
Segmentation by Service:
- Engineering Services
- Maintenance Services
- Installation and Design
- Inspection and Management Services
Segmentation by Industry Vertical:
- Air Force
- Civil Aviation
- Merchant Navy
- Military Aviation
- Navy (Defense Marine)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Emteq, Inc
- Meggit Plc.
- Thales Group
- Cobham PLC
- Mcmurdo Group
- ACR Electronics, Inc.
- ACK Technologies, Inc.
- UTC Aerospace Systems
- Zodiac Aerospace, Inc.,
- Honeywell International, Inc.
- HR Smith Group of Companies,
- Emergency Beacon Corporation
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