Global “Emergency Location Transmitter Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Emergency Location Transmitter in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Emergency Location Transmitter Market report categorizes the market based on manufacturers, regions, type and application. Emergency Location Transmitter Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Emergency Location Transmitter Market report categorizes the market based on manufacturers, regions, type, and application. Emergency Location Transmitter Market reports offer a detailed assessment of the Emergency Location Transmitter including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Emergency Location Transmitter Market:-
- ACR Electronics
- AVI Survival Products
- Emergency Beacon Corp
- DSS Aviation
- HR Smith
- Musson Marine
- ACK Technologies Inc.
The Global Emergency Location Transmitter market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The emergency location transmitter market was valued at USD 111.43 million in 2017 and is projected to reach USD 147.46 million by the end of 2023, growing at a CAGR of 4.78% over the forecast period of 2018-2023. The scope of the report is limited to the type of transmitters used and the verticals in which they are used. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
During times of emergency, emergency location transmitting devices can be activated so that the search and rescue teams can come to aid. Increasing aviation/maritime disaster and ease of locating the source are driving the emergency location transmitter market.
Increasing Aviation/Maritime Disasters
During 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 narrow down the crash sites with the help of ELT devices. MH370’s disappearance still remains a mystery but the officials were given a possible crash area based on the beacon aboard MH370. Increasing maritime/aviation accidents and increased adoption of this technology by adventure enthusiasts while trekking or skiing are driving the market forward, while penalties for false activations, issues of unregistered products, and strict regulations and guidelines on the standards to be followed may impede the market growth.
Moreover, air traffic is also increasing and has doubled in last 15 years. By 2035, an increase of 19,690 aircrafts is expected, which will also increase air traffic.
Military is one of the largest sectors to adopt ELT. ELT and Search and Rescue Light are carried by elite military forces around the world to locate the exact location of the personnel while on a rescue mission. PLB is also carried by the military to send the GPS location while in danger.
Moreover, countries are spending more and more on military. In 2018, the United States is poised to spend USD 686 billion on defense and military. In 2016, the United States, China, and India were the highest spenders on defense and military and spent USD 1,026 billion, USD 736 billion, and USD 213 billion, respectively.
Thus, with increasing spending on military and with the government focusing more on the safety of its personnel, the spending on emergency location transmitters is bound to increase.
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The global Emergency Location Transmitter market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Emergency Location Transmitter Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Emergency Location Transmitter Market:
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This Emergency Location Transmitter Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Emergency Location Transmitter? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Emergency Location Transmitter Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Emergency Location Transmitter Market? What Was Capacity, Production Value, Cost and PROFIT of Emergency Location Transmitter Market?
- What Is Current Market Status of Emergency Location Transmitter Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Emergency Location Transmitter Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Emergency Location Transmitter Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Emergency Location Transmitter Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Emergency Location Transmitter Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Emergency Location Transmitter Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Emergency Location Transmitter Industry?
Reasons to Purchase the Report
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Finally, the report Global Emergency Location Transmitter Market 2020 describes the Emergency Location Transmitter industry expansion game plan, the Emergency Location Transmitter industry knowledge supply, appendix, analysis findings, and the conclusion.
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