Emergency Beacon Transmitter Market Research Report - Global Forecast till 2027

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 2027

ID: MRFR/ICT/5592-HCR | February 2021 | Region: Global | 100 pages

EMERGENCY BEACON TRANSMITTER MARKET OVERVIEW


Globally, the emergency beacon transmitter market occupies a market value of about USD 145.37 million and extends to USD 227.20 million during the market forecast period of 2017 to 2023. Moreover, it occupies a CAGR of about 7.73%. it has been marked that this device is marked to be a tracking device which is helped in knowing the exact location and detecting it using distress signals. During an emergency, the beacon transmitter helps in emitting signals and detecting the location of boats, people, aircraft, and people in a non-geostationary satellite. The information is used by the team carrying out rescue operations. A multi-advanced transmitter of frequency 406 MHz carries out a certain frequency transmitter. These transmitters carry out emergency tracking operations where they can respond by using certain satellites. This has improved search and rescue research management.


EMERGENCY BEACON TRANSMITTER MARKET COVID 19 ANALYSIS


The outburst of COVID had a huge impact on the evolving situation of the market. It in fact changed the consumers' Behavioral Patterns. the existing new market trends during the market forecast period will surely reflect the emerging market trends during the pandemic situation. It has hampered the growth movement thus affecting the development of the market. The value chain analysis of the market is being hampered. The market faced certain economic problems which backed down the development of the market. The government is taking certain serious steps for safeguarding the people from being affected.


EMERGENCY BEACON TRANSMITTER MARKET DYNAMICS



  • Drivers- some factors helping in improving the growth rate of the market include some of the regulations of government concerning the usage of emergency beacons. Registration of products along with the presence of high availability of certain reliable products in the whole of the market helps in improving the emergency beacon transmitter opportunities.

  • Opportunities- the middle East and African region constituted of certain potentially developed growth opportunities because of the rising of tourism activities which has led to the rise in security parameters, in the aerospace industry. Investing much more in the development of advanced technology has helped in driving up market growth. The ability of these transmitters to provide instant action during the time of the accident in remote areas propels up the market size. Fast location and resume activities so conducted help in the growth of the market. By unifying GPS applications with the processing of signal activities, the industry has provided certain surveillance options which have helped in improving the market growth. A decrease in operational costs rises up the demand. High growth in demand for emergency beacon transmitters maximizes search and provides emergency tracking data and information which rises up and provides more emergency beacon transmitter opportunities.

  • Challenges- the easy availability of substitutes product is one of the challenging factors affecting the development of the industry.

  • Restraints- high installation, spending too much on maintenance, and availability of certain other substitutes like satellite phones and satellite messengers act as a restraining factor for emergency beacon transmitter market size. Availability of certain products like satellite messengers, satellite phones, having some of the advanced features which include sending and receiving text messages, tracking and sharing of information, which also includes marine assistance. Low visibility range hampers up the expansion of market size.


EMERGENCY BEACON TRANSMITTER MARKET SEGMENTATION



  • By type- the emergency beacon transmitter market is classified into aviation military, maritime, and many more. It has been marked that the military units cover a huge market area. This segment owes to high expenditure so made by the government across various regions which helps them to enhance their aviation and maritime ability. The transmitter helps them to carry out the exact location for conducting certain search activities during emergency times. The high growth for the rise in demand, the rise in aviator and management disasters improves the demand of this segment. The high demand for using faster sources of the distress signal and the mandates of the government to give fast distress signals in aircraft and naval factors are some of the factors helping in spurring the emergency beacon transmitter market growth. Beacon transmitter is classified on the basis of type, services, vertical, and on basis of region. As per the type, the emergency beacon transmitter market is being classified into personal locator beacons, emergency locator transmitters, and emergency position transmitters including radio beacons. Based on services, the industry is being classified into maintenance, inspection, management, and engineering. Vertically, the industry is divided into maritime, military, aviation, and many more. Regionally, it is being classified into the region of North America, some of the European and the Asia Pacific region.

  • By technology- the rise in growth in technology, are some of the important factors that help in driving up the market size which poses substantial expansion. Due to the advancement of technology, the transmitter has gained certain traction and has increased the demand for digitalization. Due to the increase in the growth of security devices, the manufacturers have provided certain attention towards using lightweight transmitters. The unification of technology like IoT and others had helped in security tracking thus improving the security options and rising up the protection standards. It has helped in improving substantial emergency beacon transmitter market demand in certain sensitive situations. The rise in portability and durability of the technological system arouses the demand for transmitters. The signals are being unable to be classified on the basis of non-geostationary satellites. The transmitters provide real-time tracking at times of emergency and quickly respond to it by using the satellites. It prompted the adoption of certain reliable products. Technology led to the rise in operational efficiency, mobility, and durability thus focussing on the manufacturers which helps in rising up the market growth. As per the technology, the market is being divided into analog and digital segments. The digital unit covers a large segment and grows at a high CAGR during the forecast period. Digitally the beacons provide more results as compared to the analog units. The microprocessors in the digital units can filter out excess data for electromagnetic noise.


EMERGENCY BEACON TRANSMITTER MARKET REGIONAL ANALYSIS


Globally, the market is expected to grow at an influential rate during the forecast wm hrlpelobally18-2023. From geographical emergency beacon transmitter market analysis it has been found that the market extends to the region of North America, some of Asia Pacific, Europe, and some of the rest regions in the world. North America followed by some of the European regions dominates the market during the review period. This region is highly using transmitters for marine defense and for aviation purposes. The government mandates certain transmitters for civil aircraft purposes spurs up the emergency beacon transmitter market demand among the regions. Some of the Asia Pacific regions grow at an influential rate during the assessment period with a high CAGR with the upgrowth in aviation security parameters which has been put forward in different developing regions.


EMERGENCY BEACON TRANSMITTER MARKET COMPETITIVE LANDSCAPE


The market players playing in the emergency beacon transmitter market are SCR Electronics Inc. of the United States, SERP IESM of France, McMurdo Group of the United States, Onstrumar Ltd of Canada, HR Smith Group of the United Kingdom, ACK Technologies of the United States, Cobham Plnx of the United Kingdom, and many more. These key vendors are calmly spending much on organic growth strategies like launching new products which will help in strengthening their position globally. These key vendors were actually highly reliable on naval and air forces throughout the world. The key vendors here are highly reliable on the basis of region, origin, their product diversification, some of the new recent developments, and some of the industrial expertise so present there.


EMERGENCY BEACON TRANSMITTER MARKET RECENT DEVELOPMENTS


ACR Electronics Inc. in 2018, launched a transmitter of about 406MHz approved the alkalinity frequency transmitter battery used as an emergency transmitter.


EMERGENCY BEACON TRANSMITTER MARKET REPORT OVERVIEW


From the emergency beacon transmitter market analysis it was marked about the secondary data collection and the key vendors playing a major role in the market. The portfolio of the emergency beacon transmitter market helps in determining the market segmentation. It helps in deriving the global marketing numbers and helped in verifying the top-up and bottom-up approaches. Validation of primary market research took place. The report signifies the overall market scenario and the Engineering processes so carried out which prompted the market size. The report gives details about porter's five analyses and SWOT analysis. The report gives information about research report gives information about the macro and micro aspects of the industry. From report analysis, you could find about the holistic evaluation of the market data. It signifies the restraining factors, the opportunities, driving forces opting up in the market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 145.37 Million (2017)
  • USD 227.20 Million (2023)
  •   CAGR    7.73% (2017-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   by Type, Services
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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).
      Key Market Opportunities

  • High installation and maintenance cost and availability of product substitutes such as satellite messengers and satellite phones hinder the growth of this market. \r\n
  • Although, growing demand for Cospas-Sarsat system offer opportunities for market growth during the forecast period.
  •   Key Market Drivers   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.


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    Frequently Asked Questions (FAQ) :

    HR Smith Group (U.K.), Instrumar Limited (Canada), Emergency Beacon Corporation (US), McMurdo Group (US), Cobham Plc (U.K.), and ACK Technologies, Inc. (US) are the variables controlling the market.

    A CAGR of 7.73% is expected to characterize the growth in the market in the coming period.

    The region in North America is estimated to have a significant level of sway in the global market.

    The need to improve the response time to emergency situations is encouraging market development.

    The development of the technical components is expected to gain more importance in the coming period.