Emergency Beacon Transmitters Market Scope
An emergency beacon transmitter is a radio beacon and battery-powered radio transmitters, which is used to locate airplanes, vessels, persons, among others in distress and in need of immediate rescue. Various types of emergency beacons transmitters are carried by aircraft, ships, vehicles, hikers and cross-country skiers. In case of an emergency, such as the ship sinking, the aircraft crashing, or a hiker becoming lost, the transmitter is deployed and begins to transmit a continuous radio signal, which is used by rescue and search teams to quickly find the emergency and render aid.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell International, Inc. (United States), Thales Group (Australia), Emteq, Inc. (United States), Hamilton Sundstrand (United States), Meggit Plc (United Kingdom), UTC Aerospace Systems (United States), ACR Electronics, Inc. (United States), Mcmurdo Group (United Kingdom), Cobham Plc (United Kingdom) and Emergency Beacon Corporation (United States) |
CAGR | 6.2% |
Emergency Beacon Transmitters market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Emergency Beacon Transmitters market throughout the predicted period.
Honeywell International, Inc. (United States), Thales Group (Australia), Emteq, Inc. (United States), Hamilton Sundstrand (United States), Meggit Plc (United Kingdom), UTC Aerospace Systems (United States), ACR Electronics, Inc. (United States), Mcmurdo Group (United Kingdom), Cobham Plc (United Kingdom) and Emergency Beacon Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are H.R. Smith Group of Companies (United Kingdom) and Orolia SAS (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Emergency Beacon Transmitters market by Type , by Application (Land, Maritime and Air) and Region with country level break-up.
On the basis of geography, the market of Emergency Beacon Transmitters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
Recently, The European Union’s Horizon 2020 HELIOS and its coordinator Orolia have announced the launch in Europe and the United States of an upgrade to its McMurdo FastFind 220 and Kannad SafeLink Solo personal location beacons (PLB) to include Galileo.
On 14 March 14, 2019, ACR Electronics has announced the launch of its next-generation ResQLink Personal Locator Beacons (PLB). The new ResQLink 400 and ResQLink View PLBs introduce user-friendly design innovations and add enhanced functionality to provide a range of adventurers with a trusted and affordable link to rescue in a life-threatening situation.
Influencing Trend:
The Rising Popularity of Emergency Beacon Watches
Market Growth Drivers:
Rise In Demand for Tracking and Detecting Threats Enabling High Security and Technological Advancements with Improved Operation Efficiency & Portability
Challenges:
Stringent Licensing and Regulation
Restraints:
High Installation and Maintenance Cost of the Emergency Beacon Transmitter
Opportunities:
The Rising Military and Defense Budget among the Developing Countries and The Increasing Demand from Developed As well As Developing Nations
Key Target Audience
Software and Solution Providers, Satellite Communication Equipment Manufacturers, Satellite Operators, Satellite Communication Service Users, Telecom Service Providers, Application and Software Developers, Government/Non-profit Associations and Business Organizations