|
(Wireless-NewsWire.Com, June 07, 2018 ) The global emergency beacon transmitter market is expected to grow from USD 133.3 Million in 2015 to USD 175.4 Million by 2020, at a CAGR of 5.6% from 2015 to 2020. Emergency beacon transmitters are tracking devices that assist in the detection and location of boats, aircraft, and people in distress. When the transmitter is activated, the beacon emits a distress signal, and simultaneously the location of such signals is detected by non-geostationary satellites. This information acquired is passed on to the search & rescue authorities to locate survivors.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-emergency-beacon-transmitter-market-analysis-and-forecast-to-2022-growth-opportunity-assess/8386231
The availability of reliable emergency beacon transmitters has led to the increasing adoption of these devices in the aviation sector, which, in turn, has contributed to the overall growth of the global emergency beacon transmitter market. There are several advanced devices available in the market such as 406 MHz frequency transmitters, which offer accurate information, maximize search & rescue resource management, and provide real-time emergency tracking and response through the use of a network of satellites known as Cospas-Sarsat system.
The military aviation vertical segment has registered the highest market share in 2015, due to the increasing adoption of emergency beacon transmitters in the military aviation sector and rise in expenditure made by governments across varied regions to enhance their defense ability. In situations pertaining to transferring of weapons, arms, and ammunitions, if any emergency situation arises, emergency beacon transmitters help military aircraft send signals about the exact location to its earth station; this information is further passed on to the search & rescue teams for necessary action.
There are three types of beacons used to transmit emergency signals, namely, emergency position-indicating radio beacons (EPIRB), emergency locator transmitters (ELT), and personal locator beacons (PLB). Emergency position-indicating radio beacons utilized for maritime applications are further segregated into two categories, such as
Category 1 That can be activated either manually or automatically and is mounted outside the vessel's cabin
Category 2 That can only be activated manually and is stored at a more accessible location (crew’s cabin).
Varied government authorities worldwide have formulated stringent policies with regard to installation of beacons in maritime vessels, which resulted in increasing the overall demand for EPIRBs.
Request free sample @ https://www.researchcosmos.com/request/8386231
North America and Europe are leading regions in the global emergency beacon transmitter market, owing to the high adoption of beacon transmitters in varied industry verticals, such as military, aviation, civil aviation, merchant navy, and navy (marine defense). North America commanded the highest market share of the global market in 2015, wherein the U.S. is the highest contributor in this region. Post the 1972 Alaska plane crash, a mandate was issued by the U.S. government to install emergency locator transmitters (ELT) in all registered civil aircraft. In 2008, International Civil Aviation Organization (ICAO) imposed a new rule to install atleast one 406 MHz ELT in private and commercial airplanes operating internationally (outside the U.S.). Therefore, the increasing demand of emergency locator transmitters in this country is likely to propel the overall growth of the market. Moreover, the Middle East & Africa also offers potential growth opportunities due to increase in tourism, which has further resulted in increasing security parameters in the aviation industry, especially for travelers.
A major restraint hampering the growth of the market is the availability of alternative products such as satellite messengers and satellite phones, which offers a wide range of advanced features, such as sending text messages, tracking/sharing of location, emergency call, and roadside, or marine assistance. These satellite messengers work on private satellite systems such as Global Star and Iridium for one-way or two-way text messaging, and are required to subscribe to satellite services on a monthly or annual basis at an extra cost.
Major players in the emergency beacon transmitter market include ACR Electronics, Inc., McMurdo Group, HR Smith, Emergency Beacon Corporation, Cobham Plc, and ACK Technologies, Inc.
Check for discount @ https://www.researchcosmos.com/discount/8386231
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
