Emergency beacon transmitters refer to those tracking devices which aid in the identification and location of boats, aircraft, and people in misery. The beacon releases a distress signal when the transmitter is operating and concurrently the location of such signals is discovered by non-geostationary satellites. For spotting survivors, this information so gathered is communicated to the search & rescue authorities. If any emergency circumstance arises while transmission of weapons, arms, and ammunitions, emergency beacon transmitters aid military aircraft in transmitting signals about its accurate location to the earth station; for initiating required actions such information is communicated ahead to the search and rescue teams.
The global Emergency Beacon Transmitter Market of emergency beacon transmitter is anticipated to rise to USD 256.4 Million by 2020 from USD 133.3 Million in 2020, with registering at a CAGR of 7.6% from 2019 to 2027. Government regulations in terms of the use of emergency beacons and product registrations, accessibility of highly decisive products in the market, and enhanced operational efficiency of digital beacons are some of the factors impacting the growth of emergency beacon transmitters 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 and Mcmurdo Group are the prominent companies operating in the global emergency beacons transmitter market who are transforming the market by advancement in technology.
The type, technology, services, applications and geography are the grounds of bifurcation of the global emergency beacons transmitter market. On terms of type, the global emergency beacons transmitter market is divided into personal locator beacons, emergency position indicating radio beacons and emergency locator transmitters. Digital and analog are the two segments of the global emergency beacons transmitter market, based on the technology. The market is divided into maintenance services, installation and design, inspection and managed services and engineering services, in terms of services. On the basis of application, military aviation, civil aviation, merchant navy and marine defense are the divisions of market. The global emergency beacons transmitter market is geographically classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, the emergency beacons transmitter market is estimated to be dominated by North America. Technological developments made in the section of emergency beacons have attributed the rise in this region, including GPS-based personal beacons and GNSS-equipped beacons, which further update rescuers with exact details in emergency circumstances. Additionally, for implementing innovative security systems, countries like China, Japan, Korea, and India in the Asia-Pacific have made huge investments and also anticipated to generate adequate growth opportunities in this region for the emergency beacons transmitter market.
This research report categorizes the global emergency beacon transmitter market into the following segments and subsegments:
• Global Market Size and Forecast, By Type
o Personal Locator Beacons
o Emergency Position-Indicating Radio Beacons
o Emergency Locator Transmitters
• Global Market Size and Forecast, By Technology
• Global Market Size and Forecast, By Service
o Maintenance Services
o Installation and Design
o Inspection and Management Services
o Engineering Services
• Global Market Size and Forecast, by Vertical
o Civil Aviation
o Military Aviation
o Merchant Navy
o Navy (Defense Marine)
• Global Market Size and Forecast, by Geography
o North America
o Middle East & Africa
o Latin America
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