Emergency Beacon Transmitter Market 2021 Trends Evaluation, Latest Innovation, Consumer-Requirement, Key Players, Consumption Status, Industry Dynamics, Covid-19 Impact and Forecast till 2023

New York, United States, Fri, 08 Jan 2021 07:19:30 / Comserve Inc. / -- The key players operating in the emergency beacon transmitter market are ACR Electronics, Inc. (US), McMurdo Group (US), HR Smith Group (U.K.), Emergency Beacon Corporation (US), Cobham Plc (U.K.), ACK Technologies, Inc. (US),

Global Emergency Beacon Transmitter Market Research Report, by Type (Personal Locator Beacons, Emergency Position-Indicating Radio Beacons, Emergency Locator Transmitters), Services (Maintenance, Inspection and Management, Engineering, Others), Vertical (Aviation, Maritime, Military, Others) – Forecast till 2023

Market synopsis

Global Emergency Beacon Transmitter market is expected to grow from USD 145.37 million in 2017 to USD 227.20 million by 2023, at a CAGR of 7.73% during the forecast period.Emergency beacon transmitter is a tracking device that is used for detecting and knowing the exact location of the distress signal. In case of emergency situations, the beacon emits a distress signal which assists in detecting the location of boats, aircraft, and people through a non-geostationary satellite. The information thus captures is used by the search & rescue operation teams.

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There is multiple advanced emergency beacon transmitter available in the market such as 406 MHz frequency transmitters. These transmitters provide real-time emergency tracking and faster response time by using a network of satellites. This has further maximized the search and rescue resource management.

Emergency beacon transmitter market, by verticals, is segmented into aviation, maritime, military, and others. The military segment dominates the emergency beacon transmitter market owing to the high expenditure made by governments across varied regions to enhance their marine and aviation ability. Emergency beacon transmitter assists the military know the exact location for conducting search & rescue operation during emergency situations.

The growing need for a faster source of distress signal locator, the rise in aviation/maritime disasters, and government mandates to install emergency locator transmitters in aircraft and naval vessels are some of the factors boosting the growth of emergency beacon transmitter market. However, high installation and maintenance cost and availability of product substitutes such as satellite messengers and satellite phones hinder the growth of this market. Although, growing demand for Cospas-Sarsat system offer opportunities for market growth during the forecast period.

The key players operating in the emergency beacon transmitter market are ACR Electronics, Inc. (US), McMurdo Group (US), HR Smith Group (U.K.), Emergency Beacon Corporation (US), Cobham Plc (U.K.), ACK Technologies, Inc. (US), Instrumar Limited (Canada), SERPE-IESM (France). These players are largely investing in organic growth strategies such as new product development to strengthen their position in the global emergency beacon transmitter market. For instance, in 2018, ACR Electronics, Inc. introduced ARTEX ELT 4000, a 406 MHz approved transport-grade alkaline battery-powered emergency locator transmitter.

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Emergency Beacon Transmitter Market

Emergency Beacon Transmitter Market Research Report – Global Forecast till 2023 –

Source: MRFR Analysis

Segmentation

Emergency Beacon Transmitter market is segmented based on type, services, vertical and region.

Based on the type, the market is segmented into personal locator beacons, emergency position-indicating radio beacons, and emergency locator transmitters.

By services, the market is segmented into maintenance, inspection and management, engineering, and others.

On the basis of vertical, the market is segmented into aviation, maritime, military, and others.

By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Regional analysis

The global market for emergency beacon transmitter is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of emergency beacon transmitter market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America followed by Europe is expected to dominate the emergency beacon transmitter market from 2018 to 2023 as these regions are witnessing growing usage of high adoption of beacon transmitters in marine defense and air force. Furthermore, government mandates to install emergency locator transmitters (ELT) in all registered civil aircraft propel the demand for emergency locator transmitters in these regions. However, Asia-Pacific is estimated to grow at the highest CAGR during the forecast period owing to the increasing aviation security parameters being implemented by major countries in the region.

Competitive Analysis

The emergency beacon transmitter market has witnessed the high demand from the navy and air force across the world. Key players are launching beacon transmitter that are highly reliable and operational at 406 MHz frequency. For instance, in 2018, ACR Electronics, Inc. introduced ARTEX ELT 4000, a 406 MHz approved transport-grade alkaline battery-powered emergency locator transmitter.

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Key players

The prominent players in the emergency beacon transmitter market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are ACR Electronics, Inc. (US), McMurdo Group (US), HR Smith Group (U.K.), Emergency Beacon Corporation (US), Cobham Plc (U.K.), ACK Technologies, Inc. (US), Instrumar Limited (Canada), and SERPE-IESM (France).

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

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