Global Emergency Locator Transmitters Market Overview:
An emergency location transmitter is mounted on the commercial and private aircraft by the manufacturers during the production. These are used as the locating aid in the events of any sort of emergency. However, these can be installed on an aircraft or marines later on, if considered to be necessary. Emergency location transmitters are very essential components of the international satellite system also for search and rescue purposes. Once activated by the impact or high gravity forces, these transmit a distress signal to the systems. These signals can be detected by the non-geostationary satellites and then are further located by the GPS.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Growing Trend Of Locating The Source Provided With Ease By The Emergency Locator Transmitters Are Driving The Market
Market Growth Drivers:
The Increase In Maritime and Aviation Accidents across the World and A Rise in the Adoption of This Technology by Adventure Enthusiasts, While Trekking or Skiing, Are Driving the Market Forward
Challenges:
Mishandling and False Activation of the Devices Can Hamper the Market
Restraints:
Strict Government Regulations And Guidelines On The Standards To Be Followed By The Device
Opportunities:
The Increase in the Expenditure on Military Advancements and Safety Equipment by the Governments
Competitive Landscape:
The companies are now exploring the market by adopting merger & acquisition, expansion, investments, a new development in existing products and collaboration as their preferred strategies. The players are also exploring new geographies and industries through expansion and acquisition so as to avail a competitive advantage through combined strategies.
Some of the key players profiled in the report are Aviation Marine Specialty (United States), ELTA System (Israel), Astronics Corporation (United States), Gables Engineering Inc (United States), HR Smith (United Kingdom), ACK Avionics Technologies, Inc. (United States), ACR Electronics, Inc. (United States), DSS aviation Inc. (Canada), Emergency beacon corporation (United States) and Orolia Maritime (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Musson marine (Ukraine), Sarasota avionics (United States) and AVI Survival Products (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Emergency Locator Transmitters market by 2030. Considering Market by Industry Vertical, the sub-segment i.e. Aviation will boost the Emergency Locator Transmitters market. Considering Market by By Service, the sub-segment i.e. Maintenance Services will boost the Emergency Locator Transmitters market. Considering Market by By Technology, the sub-segment i.e. Digital will boost the Emergency Locator Transmitters market.
Latest Market Insights:
In August 2023, Global Maritime Distress and Safety System (GMDSS) authorities partner with ELT companies to explore the integration of ELTs with maritime distress response systems for seamless emergency response across land and sea.
In October 2023, Cospas-Sarsat, the international satellite system for ELT distress signals, announces the launch of the MEOSAR (Medium Earth Orbit Search and Rescue) service, promising even more precise location pinpointing for ELT activations.
What Can be Explored with the Emergency Locator Transmitters Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Emergency Locator Transmitters Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Emergency Locator Transmitters
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Emergency Locator Transmitters market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Emergency Locator Transmitters market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Emergency Locator Transmitters Manufacturers, Raw Material Suppliers, Government Regulatory Bodies, Market Research Firms, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.