The growth of emergency location transmitter was mainly driven by several regulations introduced globally. Countries such as the United States, France, and the United Kingdom were among the first to mandate the mandatory installation of ELTs in numerous aviation and transportation practices. The market for ELTs saw a huge shift from 121.5 MHz ELTs to 406 MHz. The emergency location transmitters are used widely in the aerospace industry for their increased reliability and efficiency.
According to Data Bridge Market Research the Global Emergency Location Transmitter Market was valued at USD 157.4 million in 2021 and is expected to reach the value of USD 235.2 million by 2029, at a CAGR of 5.15% during the forecast period of 2022 to 2029.
“Increasing Traffic in the Aviation Industry to Facilitate Market Growth”
The growing traffic in the commercial aviation industry boosts the market growth for emergency location transmitters all over the world. Presently, most of the aviation organizations are looking for 406 MHz ELTs for increased reliability at the time of emergencies. For instance, AOPA supports the installation of advanced (406 MHz ETLs) voluntarily. They also support the awareness of pilots and aircraft owners about the limit of 121.5/243 MHz ELTs and the increased benefits of 406 MHz units. Many such initiatives are expected to boost the market during the forecast period 2022-2029.
What restraints the growth of Global Emergency Location Transmitter Market?
“Inadvertent activation of ELT systems”
The inadvertent activation of ELT systems poses a serious hindrance that expends resources and can divert equipment from real emergencies. Additionally, increased false alarm rates can desensitize response teams, since it may come as a fact that the situation is not real. While all ELT activations activate a response from emergency response teams, only a small part are real emergencies. Such instances are projected to impact the market.
Segmentation: Global Emergency Location Transmitter Market
The emergency location transmitter market is segmented on the basis of type, service and end user.
- Based on type, the emergency location transmitter market is segmented into emergency location transmitter (ELT), personal locator beacon (PLB), and emergency position indication radio beacon (EPIRB).
- Based on service, the emergency location transmitter market is segmented into maintenance services, installation and design, inspection and management services, engineering services and others.
- Based on end user, the emergency location transmitter market is bifurcated into aviation, military, government, and marine, others.
Regional Insights: North America is expected to dominate the Global Emergency Location Transmitter Market
North America dominates the market because of the growth in aviation and high disposable income within the region. The numerous aspects that contributed to the growth in aviation in this region were the undeveloped public transport systems, high average household income, difficult terrains, and low crude oil prices. It has also been witnessed that the U.S. alone has about 780 towered locations to carry out aviation-based operations. Furthermore, almost 90% of 220,000 aircraft registered in this region are general aviation aircraft, and above 80% of the 609,000 pilots certificated in the U.S. fly general aviation aircraft.
Asia-Pacific is expected to grow in the forecast period of 2022-2029 because of the rise in tourism in the region. It is rising high because of the increasing disposable incomes and broader application of general aviation into agriculture, transport, survey, and recreational activities.
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Recent Developments in Global Emergency Location Transmitter Market
- In 2020, Honeywell International Inc. aimed to develop a fully-retrofittable solution with the support of emergency locator transmitter hardware and a modified version of the EGPWS MK V-A. The solution is flexible enough to allow the OEM to develop its own trigger conditions that determine distress.
- In 2020, Orolia Holding SAS completed its strategic partnership with Seven Solutions to provide extremely resilient, accurate, and constant time and frequency for critical infrastructure, military, and commercial applications. This agreement not only supports the skills and resources of Orolia but also improves its global distribution network.
The Prominent Key Players Operating in the Global Emergency Location Transmitter Market Include:
- ACR Electronics, Inc. (U.S.)
- Orolia (France)
- HR Smith Group of Companies (U.K.)
- Musson Marine Ltd (Ukraine)
- ECA GROUP (France)
- Astronics Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global emergency location transmitter market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Emergency Location Transmitter Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
