Emergency Location Transmitter Market Is Expected To Exhibit Significant Growth Over 2030
Emergency Location Transmitter Market Is Expected To Exhibit Significant Growth Over 2030
Blog Article
Emergency location transmitter market is anticipated to grow at a CAGR of 5.9% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for advancements in technology across the globe. Technological developments, such as improved battery solutions, such as the alkaline-based solution featured in the ARTEX ELT 4000M, help to improve ELT reliability and effectiveness. For instance, in May 2023, ACR Electronics introduced the ARTEX ELT 4000M, the latest transport-grade 406 MHz approved Emergency Locator Transmitter (ELT). The revolutionary ELT has 243 and 121.5 MHz homing frequencies and is powered by a patented alkaline-based solution, that eliminates it from FAA non-rechargeable lithium battery exceptions.
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Among the type, the emergency position-indicating radio beacons sub-segment is expected to hold a considerable share of the global emergency location transmitter market. The segmental growth is attributed to the growing demand for global safety standards. The emphasis on globally safety standards, including requirements for emergency beacons, increases demand for dependable and innovative emergency location transmitters. For instance, in June 2023, ACR Electronics launched the mobile connected Global Fix V6 Emergency Position-Indicating Radio Beacon or EPIRB. It offers safety features such as, RLS alerting and NFC technology, allowing owners to check battery life, self-tests, and beacon diagnostics via a smartphone app.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Emergency Location Transmitter Market Report Segment
By Type
- Personal Locator Beacons
- Emergency Position-Indicating Radio Beacons
- Emergency Locator Transmitters
By Technology
- Digital
- Analog
By Service
- Maintenance Services
- Installation and Design
- Inspection and Management Services
- Engineering Services
- Others (Data Analytics Services, and Logistical Support Services)
By Industry Vertical
- Civil Aviation
- Military Aviation
- Merchant Navy
- Navy (Defense Marine)
- Others (Search and Rescue Organizations,and Government and Public Safety Agencies)
Global Emergency Location Transmitter Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global emergency location transmitter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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