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(Transportation-News.com, September 18, 2018 ) According to Verified Market Intelligence, the Global Emergency Beacon Transmitter Market was valued at USD 150.65 million in 2016 and is projected to reach USD 251.29 million by 2025, growing at a CAGR of 5.85% from 2017 to 2025.
An emergency beacon transmitter is a system that facilitates tracking and detection by sending signals of distress in the necessary times. The signals are supervised and the specific location of the distress can be determined. The signals can be found with the aid of non-geostationary satellites. The information that is received from this tracking transmitter is then passed to the search and rescue team in order for the team to be able to take the necessary action. There are various types of beacon transmitters that are used for various sectors such as maritime, aviation, defense and also for personal use.
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With the rise in the portability and durability of technology systems, there is an increase in the frequency and thus the demand of technology up gradations. These factors have resulted in the rise in the overall efficiency of technology system operations and are driving the market for the emergency beacon transmitter. Factors such as the large cost of installation as well as maintenance in addition to the chance of penalty have led to the restraint in the market for emergency beacon transmitters.
Competitive Landscape:
The major players in the market are as follows:
ACK Technologies, Inc
ACR Electronics, Inc.
Cobham PLC.
Emergency Beacon Corporation
HR Smith
Mcmurdo Group
Honeywell International
Thales Group
Emteq, Inc
Hamilton Sundstrand
Ikusi
Meggit Plc
Utc Aerospace Systems
Zodiac Aerospace, Inc
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