An emergency locator transmitter is an emergency beacon used in aircrafts to alert rescue authorities and specify the location and the identity of an aircraft in distress. The factors that drives the growth of the emergency locator transmitter market include increasing maritime/aviation accidents, increase in demand for detecting and tracking threats permitting high security, availability of highly dependable products, technical advancements with enhanced process effectiveness, increased acceptance of this technology by adventure enthusiasts while skiing or trekking, portability and durability. Also, increased focus of manufactures on reducing operative costs will also drive the emergency location transmitter market during the forecast period.
MARKET DYNAMICS
The rising expenditure in the military segment and with the governments focusing more on the safety of the personnel, the spending on emergency location transmitters is bound to rise, which is expected to drive the emergency location transmitter market. On the other hand, the factors that may hinder the growth of the emergency location transmitter market include high installation and maintenance cost and visibility range of the emergency locator transmitters. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are rising across the globe.
MARKET SCOPE
The "Global Emergency Location Transmitter Market Analysis to 2028" is a specialized and in-depth study of emergency location transmitter with a special focus on the global market trend analysis. The report aims to provide an overview of emergency location transmitter with detailed market segmentation by type and end user vertical. The global emergency location transmitter market is expected to witness high growth during the forecast period. The report provides key statistics on the emergency location transmitter market and offers key trends and opportunities in emergency location transmitter market.
MARKET SEGMENTATION
The emergency location transmitter market is segmented on the basis of type, and end user vertical. On the basis of type, market is segmented as aviation, marine, military, government, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global emergency location transmitter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global emergency location transmitter market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting emergency location transmitter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the emergency location transmitter market in these regions.
MARKET PLAYERS
The reports cover key developments in the emergency location transmitter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Emergency location transmitter market are anticipated to lucrative growth opportunities in the future with the rising demand for emergency location transmitter in the global market. Below mentioned is the list of few companies engaged in the emergency location transmitter market.
The report also includes the profiles of emergency location transmitter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ACK Technologies Inc.
- ACR Electronics, Inc
- Astronics Corporation
- AVI Survival Products
- DSS Aviation Inc
- Emergency Beacon Corp
- Gables Engineering
- HR Smith
- McMurdo
- Musson Marine
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.