Emergency Locator Transmitters Market Top Company Profiles | Business Performance | Sales Data Analysis

CITY, Country, 2020-Jul-31 — /EPR Network/ —

Global emergency locator transmitters market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares and size of top players. This syndicated research report also provides application, regional, products insights and offer ready, data-driven answers to many industry-level questions.

Market Overview:

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.

Key Players:

  • Artex
  • Astronics Corporation
  • ELTA
  • Gables Engineering
  • HR Smith Group
  • McMurdo Group 

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Growth Drivers: 

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.

Market Segment: 

Key regions

  • 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)

Regional Insights: 

North America accounted for the major share of the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include technical advancements made in the field of emergency beacons, such as GNSS-equipped beacons and GPS-enabled personal beacons which offer rescuers with precise information in emergency situations.

North America is followed by Asia-Pacific region. In addition, heavy investments made by countries such as Japan, China, Korea, and India in the Asia-Pacific to organize innovative security systems is further anticipated to offer satisfactory development opportunities for the emergency locator transmitter market in this region.

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