Global Emergency Location Transmitter Market 2019 | Prominent Factors by Industry Size, Share, Business Development Plans, Market Dynamics and Forecast to 2024
Emergency Location Transmitter Market analysis report contains all study material about Market Overview, Growth, Demand and Forecast Research in all over the world
The “Emergency Location Transmitter Market” report 2019 delivers detailed profiles of key players with latest investigation and highlights the rising opportunities and difficulties looked by Emergency Location Transmitter market. The report examines the market status depending up on its CAGR, latest trends, market dynamics, growth rate, opportunities and forecast details. Emergency Location Transmitter market research study is significant for manufacturers in the Emergency Location Transmitter market, including industry stakeholders, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the Emergency Location Transmitter market.
Emergency Location Transmitter Market Report Covers the Manufacturers:
- ACR Electronics, Inc.
- AVI Survival Products
- Emergency Beacon Corp
- DSS Aviation
- HR Smith
- Musson Marine
- ACK Technologies Inc.
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- The market for emergency location transmitters is expected to register a CAGR of 4.79% over the forecast year (2019 – 2024).
- – During the time of an emergency, emergency location transmitting devices can be activated so that the search and rescue teams can come for help. Increasing aviation/maritime disasters and ease of locating the source are driving the emergency location transmitter market.
- – During major incidents such as the Iran Aseman Airlines ATR 72-212 crash in 2018, the Saratov Airlines Antonov An148 crash in 2018, the crash of EgyptAir Flight 804’s in 2016, and the disappearance of Malaysian Airlines MH370 in 2014, search and rescue operations teams were able to find the geographical locations of the crash sites with the help of ELT devices.
- – The increasing maritime/aviation accidents across the world and increased adoption of this technology by adventure enthusiasts while trekking or skiing are driving the market forward.
- – On the other hand, penalties for false activations, issues of unregistered products, and strict government regulations and guidelines on the standards to be followed by the devices may challenge the market growth.
Scope of the Report:
- Emergency location transmitter (ELT) is a piece of equipment which broadcasts different signals on designated frequencies and, depending upon the application, it can automatically activate itself in case of an impact or can be manually activated by the user.
Reasons for Buying Emergency Location Transmitter Market Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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Emergency Location Transmitter Market Report Provides Comprehensive Analysis of:
- Functional market industry outline
- Up and downstream industry examination
- Channels and propositions believability
- Market challenge by key players
- Enhancement suggestions examination
Key Market Trends:
Military Segment to Witness High Growth
– Military segment across the world is one of the largest sectors to adopt emergency location Transmitters. ELT and Search and Rescue Lights are being carried by elite military forces around the world to find the exact geographical location of the personnel while on a rescue mission.
– PLB (personal locator beacon) is also carried by the military personnel to send their GPS locations while in danger or in emergency situations.
– Moreover, countries around the world are spending more and more money on military advancements and safety. According to the Stockholm International Peace Research Institute, in 2018, the North American region spend the highest in the military segment i.e. USD 670 billion, the European and Asian region spent around USD 364 billion, USD 507 billion respectively.
– Thus, with the increasing expenditure in the military segment and with the government focusing more on the safety of its personnel, the spending on emergency location transmitters is bound to increase which drives the market.
North America to Hold the Largest Market Share
– The North American region is the leading region in the emergency location transmitter market, due to the high adoption of location transmitters by various end-user verticals, such as military, aviation, marine among others.
– In the North American region, the US was the highest contributor to the market. Primarily due to the 1972 Alaska plane crash, because after that a mandate was passed by the U.S. government to install emergency locator transmitters in all the registered civil aircraft.
– Also, In 2008, the International Civil Aviation Organization (ICAO) imposed a new rule to install at least one emergency location transmitter in all private and commercial airplanes operating internationally.
– Therefore, due to the increasing demand for emergency location transmitters in this region, it is highly likely to drive the growth of the market.
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Detailed TOC of Emergency Location Transmitter Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
5 MARKET DYNAMICS
5.1 INTRODUCTIONto Market Drivers and Restraints
5.2 Market Drivers
5.2.1 Increasing Aviation/Maritime Disasters
5.2.2 Ease/Quickness of Locating the Source of Distress Signal
5.3 Market Restraints
5.3.1 Government Regulations and Policies on the Standards to be Maintained on the Devices
5.4 Industry Attractiveness – Porter’s Five Force Analysis
5.4.1 Threat of New Entrants
5.4.2 Bargaining Power of Buyers/Consumers
5.4.3 Bargaining Power of Suppliers
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 Emergency Locator Transmitter (ELT)
6.1.2 Personal Locator Beacon (PLB)
6.1.3 Emergency Position Indication Radio Beacon (EPIRB)
6.2 By End-user Vertical
6.2.5 Other End-user Verticals
6.3.1 North America
6.3.4 Latin America
6.3.5 Middle East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ACR Electronics, Inc.
7.1.2 AVI Survival Products
7.1.3 Emergency Beacon Corp
7.1.5 DSS Aviation
7.1.6 HR Smith
7.1.7 Musson Marine
7.1.8 ACK Technologies Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
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