31 December 2019 - Global Emergency
Locator Transmitters Market is
anticipated to witness an exponential growth in the forecast period. An
emergency locator transmitter (ELT) is an emergency beacon used in aircrafts to
alert rescue authorities and indicate the location and the identity of an
aircraft in distress.
The
factors that propel the growth of the emergency locator transmitter market
include increasing maritime/aviation accidents, increase in demand for
detecting and tracking threats permitting high security, accessibility of
highly dependable products, technical advancements with enhanced process
effectiveness, increased acceptance of this technology by adventure enthusiasts
while skiing or trekking, portability and durability and increasing focus of
manufactures on reducing operative costs.
On
the other hand, the factors that may hamper the growth of the market include
high installation and maintenance cost and visibility range of the emergency
locator transmitters. The market is anticipated to expand at a significant CAGR
in the upcoming period as the scope, product types, and its applications are
increasing across the globe.
Emergency
locator transmitters market could be explored by product type, application and
geography. Market by product type could span Automatic Portable ELT, Automatic
Fixed ELT, Automatic Deployable ELT, and Survival ELT.
The
key applications that could be explored in the market include Civil Aircrafts
and Military Aircrafts. The “Military Aircrafts” segment led the emergency
locator transmitters market in 2017 and is anticipated to maintain its
dominance by 2023. The key factor that may be attributed to the growth of
market includes high demand.
North
America accounted for the major share of the market in 2017 and will continue
to lead in the forecast period. The factors that could be attributed to the
growth include technical advancements made in the field of emergency beacons,
such as GNSS-equipped beacons and GPS-enabled personal beacons which offer
rescuers with precise information in emergency situations.
North
America is followed by Asia-Pacific region. In addition, heavy investments made
by countries such as Japan, China, Korea, and India in the Asia-Pacific to
organize innovative security systems is further anticipated to offer
satisfactory development opportunities for the emergency locator transmitter
market in this region.
Some
of the key players that fuel the growth of the emergency locator transmitters
market comprise DSS aviation, Acrartex, HR smith, ACK technologies Inc,
Emergency beacon corp, Musson marine, Mcmurdo, Survival products and Sarasota
avionics. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Emergency Locator Transmitters in these
regions, from 2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Emergency Locator Transmitters
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
Artex?
•
ASTRONICS CORPORATION?
•
ELTA?
•
Gables Engineering?
•
HR Smith Group
•
MC MURDO GROUP?
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
With Integrated GPS
•
Portable
•
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