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To prepare the winning Emergency Beacon Transmitter Market research report, an array of objectives of market research has been considered. This market report gives a methodical estimation of the key challenges in terms of sales, export/import, or revenue that any business may have to deal with in the coming years. It also helps to discover the probable market for a new product to be launched and the most apt method for the distribution of certain product. The top notch Emergency Beacon Transmitter Market report also highlights general market conditions, estimates market share and possible sales volume of Emergency Beacon Transmitter Market industry.
The market analysis carried out in the large scale Emergency Beacon Transmitter Market report provides an estimation of the expected rise, growth or fall of the product in the definite forecast period with respect to Emergency Beacon Transmitter Market industry. Market shares of the major industry players in the key areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa are also conducted. A team containing domain experts analyses and estimates this market data using well established market statistical and coherent models. While preparing Emergency Beacon Transmitter Market report, research and analysis has been performed with one step or the combination of several steps depending upon the business and client requirements.
Data Bridge Market Research analyses that the emergency beacon transmitter market was valued at USD 197.45 million in 2021 and is expected to reach the value of USD 317.09 million by 2029, at a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Explore Further Details about This Research Emergency Beacon Transmitter Market Report https://www.databridgemarketresearch.com/reports/global-emergency-beacon-transmitter-market
REPORT METRIC |
DETAILS |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2014 - 2019) |
Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
Segments Covered |
Service (Maintenance Services, Installation and Design, Inspection and Managed Services, Engineering Services), Type (Personal Locator Beacons, Emergency Position-Indicating Radio Beacons, Emergency Locator Transmitters), Technology (Digital, Analog), Vertical (Military Aviation, Civil Aviation, Merchant Navy, Navy (Marine Defence)) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
ACR Electronics, Inc. (U.S.) McMurdo Group (U.S.), HR Smith Group (U.K.), Emergency Beacon Corporation (U.S.), Cobham Plc (U.K.), ACK Technologies, Inc. (U.S.), Instrumar Limited (Canada), and SERPE-IESM (France) |
Market Opportunities |
|
Market Definition
Emergency beacon transmitters are tracking devices that aid in the location of boats, aircraft, and people in distress. When the transmitter is activated, the beacon emits a signal, and the location of the signals is detected by non-geostationary satellites. The collected data is then passed on to search and rescue personnel in order to locate survivors.
Global Emergency Beacon Transmitter Market Dynamics
Drivers
- growing trend of BYOD is capitalising market growth
Rising demand from the aviation industry for emergency beacon transmitters has been a major growth driver, resulting in significant market growth. The deployment of emergency beacon transmitters in aircraft has increased, as it aids in the faster search and rescue operations of aircraft wreckage and occupants in remote locations during accidents. Furthermore, faster identification of aircraft wreckages increases passenger survival chances while reducing risks for SAR aircraft pilots who typically operate in mountainous terrain or in adverse weather conditions. Such factors have resulted in a high adoption of emergency beacon transmitters to handle the rising rate of aviation accidents more effectively, thereby driving market growth.
- A shift towards remote working facilities is providing growth opportunities
Rising technological growth has been a major driving factor in causing significant growth in the emergency beacon transmitter market. With technological advancements and digitalization, adoption of emergency beacon transmitters has grown significantly among various demanding applications. Smartphone connectivity is a major factor driving high adoption in the military and aviation sectors, as it allows the end user to keep real-time tracking of security threats, thereby improving operational activities. Due to rising demand for efficient portable security devices, various device manufacturers have shifted their focus to developing handheld transmitters with lightweight designs, resulting in greater dominance for emergency beacon transmission.
Opportunity
Combining advanced GPS applications and signal processing has contributed to the availability of highly precise security and surveillance options, thereby driving market growth. Advanced technologies such as IoT and others have aided in providing real-time accurate security tracking, thereby improving security and protection standards and meeting major demands in highly critical environments.
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Key Coverage in the Emergency Beacon Transmitter Market Report:
- Detailed analysis of Global Emergency Beacon Transmitter Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Global Emergency Beacon Transmitter Market and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Emergency Beacon Transmitter Market research report.
- Interaction with research scientists and development heads to understand the nature of the Emergency Beacon Transmitter Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Emergency Beacon Transmitter Market size
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