Global Emergency Beacon Transmitter Market
The Global Emergency Beacon Transmitter Market was valued at USD 150.65 million in 2016 and is projected to reach USD 251.29 million by 2025, growing at a CAGR of 5.85% from 2017 to 2025.
An emergency beacon transmitter is a tracking transmitter which aids detection by sending distress signals. The signals are monitored and the location is detected with the help of non-geostationary satellites. This information is further passed on to the search and rescue teams for necessary action. There are several types of beacon transmitters that are used in defense, maritime, and aviation, and for personal use.
1. Market Drivers
1.1 Technology Upgradations
1.2 Rising durability and portability
1.3 Operational efficiency
2. Market Restraints
2.1 Penalty is charged in case of misuse of beacons
2.2 High installation and maintenance costs
The Global Emergency Beacon Transmitter Market is segmented on the service, type, technology, application, and region.
1. By Service:
1.1 Engineering Services
1.2 Installation and Design
1.3 Maintenance Services
1.4 Inspection and Management Services
2. By Type:
2.1 Emergency Locator Transmitters
2.2 Emergency Position-Indicating Radio Beacons
2.3 Personal Locator Beacons
3. By Technology:
4. By Application:
4.2 Military Aviation
4.3 Merchant Navy
4.4 Civil Aviation
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. ACK Technologies, Inc
2. ACR Electronics, Inc.
3. Cobham PLC.
4. Emergency Beacon Corporation
5. HR Smith
6. Mcmurdo Group
7. Honeywell International
8. Thales Group
9. Emteq, Inc
10. Hamilton Sundstrand
12. Meggit Plc
13. Utc Aerospace Systems
14. Zodiac Aerospace, Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Emergency Beacon Transmitter Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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