Emergency Locator Transmitters Market Growth Rate Analysis and Competitive Landscape till 2023

Posted on 2019-11-25 by researchinsights in Electronics // 0 Comments

25^th Nov 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.

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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.

Key Players:

Artex
ASTRONICS CORPORATION
ELTA
Gables Engineering
HR Smith Group
MC MURDO GROUP

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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)

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