Emergency Beacon Transmitter Market was valued US$ 118.02 Mn in 2017 and is estimated to reach US$ 175.50Mn by 2026 at a CAGR of about 5.05 % during a forecast periodGlobal Emergency Beacon Transmitter MarketEmergency Beacon Transmitter Market is segmented by type, services, vertical, technology, and region. Based on Based on the type, global emergency beacon transmitter market is divided into Personal Locator Beacons, Emergency Position-Indicating Radio Beacons, and Emergency Locator Transmitters.T he Emergency Beacon Transmitter Market by technology type is segmented into digital and analog. The vertical segment is categorised into civil aviation, military aviation, merchant navy, and navy. Based on the service, the global Emergency Beacon Transmitter Market is classified into maintenance services, installation and design, inspection and management services and engineering services. Geographically, emergency beacon transmitter market is classified into North America, Asia Pacific, Latin America, and the Middle East and Africa.
Regulatory mandates, location accuracy, global coverage, faster response time, reliable signals, and launch of highly reliable beacons operational at 406 MHz frequency are the driving factors, which expected to propel the Emergency Beacon Transmitter Market at high growth rate. Furthermore, high installation and maintenance cost of the emergency beacon transmitter is hampering the market growth. Availability of alternative products such as satellite phones and satellite messengers, which offers a wide range of advanced features, such as tracking/sharing of location, sending text messages, emergency call are limiting the Emergency Beacon Transmitter market.
Based on technology, digital technology is expected to hold large market share during the forecast period. Digital beacons provide more accurate results in comparison to analog beacons as well as they have microprocessors that are required to filter out unnecessary electromagnetic noise.
By vertical segment, military aviation is projected to grow large market share in emergency beacon transmitter market owing to rise in adoption of high expenditure made by governments across varied regions to enhance their defense ability and emergency beacon transmitters in the military aviation sector.
Based on type segment, the personal locator beacons are expected to account for larger market share as their portability makes them useful for search & rescue team members, military individuals, climbers. People working in highly disaster-prone and remote locations prefer carrying personal locator beacons.
In the case of the region, North America is expected to reach at high growth rate during the forecast period owing to the regulatory mandates issued by the U.S. government to install emergency beacon transmitters in aircraft. North America adopting technological advancement in the field of emergency beacons, such as GNSS-equipped beacons, which provide rescuers with accurate information in emergency situations and GPS-enabled personal beacon.
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Key Players Profiled and Analysed in the Report
UTC Aerospace Systems, Zodiac Aerospace, Inc., ACR Electronics, Inc., Mcmurdo Group, Ack Technologies, Inc., Acr Electronics, Inc., Cobham Plc, Emergency Beacon Corporation etc. Honeywell International, Inc. Thales Group Emteq, Inc Hamilton Sundstrand Meggit Plc.
Global Emergency Beacon Transmitter Market, by Type
• Personal Locator Beacons
• Emergency Position-Indicating Radio Beacons
• Emergency Locator Transmitters
Global Emergency Beacon Transmitter Market, by Technology
Global Emergency Beacon Transmitter Market, by Service
• Maintenance Services
• Installation and Design
• Inspection and Management Services
• Engineering Services
Global Emergency Beacon Transmitter Market, by Vertical
• Civil Aviation
• Military Aviation
• Merchant Navy
Global Emergency Beacon Transmitter Market, by Geography
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key players Global Emergency Beacon Transmitter Market
• Honeywell International, Inc.
• Thales Group Emteq, Inc
• Hamilton Sundstrand Meggit Plc
• UTC Aerospace Systems
• Zodiac Aerospace, Inc.
• ACR Electronics, Inc.
• Mcmurdo Group
• Ack Technologies, Inc.
• Acr Electronics, Inc.
• Cobham Plc Emergency
• Beacon Corporation
• HR Smith
• Emergency Beacon Corporation
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and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.