Global Emergency Beacon Transmitter Market Report and Forecast 2024-2032

Global Emergency Beacon Transmitter Market Outlook

The global emergency beacon transmitter market reached a value of about USD 207.72 million in 2023. The market is being aided by the introduction of stringent government policies to increase airplane security and developments in technology within the aviation sector.

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The growth in the investment for the development of advanced technologies for emergency beacon transmitters is expected to further drive the market growth. Thus, the market is projected to grow at a CAGR of 6.8% during the forecast period of 2024-2032 to attain a value of nearly USD 270.38 million by 2026.

Increasing Demand for Emergency Beacon Transmitters to Augment the Market Growth

The increase in the demand for emergency beacon transmitters can be attributed to the implementation of strict government regulations for improved safety in the aviation sector. The market growth can also be attributed to the growing need to ensure the security of the consumers. The increasing maritime and aviation accidents are also leading to a heightened demand for emergency beacon  transmitters. Their ability to provide faster location and rescue during an accident in a remote area has further propelled their adoption, thus, aiding the market growth.

North America and Europe to Provide Significant Growth Opportunities to the Emergency Beacon Transmitter Industry

North America and Europe are significant regional markets for emergency beacon transmitter due to the heavy involvement of the product in maritime and military expeditions from the region. The demand for emergency beacon transmitters within the North American and European regions significantly emanates from the military, aviation, merchant navy, civil aviation, and navy (marine defences) sectors, owing to the existence of stringent government regulations and security concerns. The United States government mandated the installation of emergency locator transmitters post the 1972 Alaska plane crash in all civil aircraft, which has supported the market growth over the historical period and is expected to continue to do so over the forecast period.

Emergency Beacon Transmitter: Market Segmentation

Emergency beacon transmitter refers to device that is used for tracking the location of boats, planes, and persons in trouble. When the transmitter is turned on, the beacon sends out a distress signal, which is detected by non-geostationary satellites. The device can be relied on for timely location and rescue, and, thus, finds deployment on a large scale.

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Based on vertical, the market can be segmented into:

• Military Aviation 
• Civil Aviation
• Merchant Navy 
• Navy (Marine Defence)

By service, the industry is categorised into:

• Maintenance Services
• Installation and Design
• Inspection and Managed Services 
• Engineering Services

On the basis of type, the industry is segmented into:

• Personal Locator Beacons
• Emergency Position-Indicating Radio Beacons
• Emergency Locator Transmitters

By technology, the market is bifurcated into:

• Digital 
• Analogue

The major regional markets of emergency beacon  transmitter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Focus on Technological Advancements for Security and Emergency Services to Bolster the Growth of the Emergency Beacon Transmitter Industry

The rapid technological advancements are the primary driver for the emergency beacon transmitter industry’s substantial expansion. The use of emergency beacon transmitters has gained popularity as a result of technological developments and digitalisation in a variety of downstream applications. Due to the  growing need for effective portable security devices, several device manufacturers have shifted their attention to producing handheld transmitters with lightweight designs, which is providing the emergency beacon transmitters industry with lucrative growth opportunities. Furthermore, by integrating sophisticated GPS applications with signal processing, the industry has been able to provide very precise security and surveillance choices, which has further fuelled its expansion. The integration of advanced technologies, such as the Internet of Things (IoT) and others, with the product have aided in providing real-time precise security tracking, therefore, improving security and protection standards and meeting substantial demand in extremely sensitive situations. This has also propelled the market for emergency beacon transmitter forward.

Key Industry Players in the Global Emergency Beacon Transmitter  Market

The report gives a detailed analysis of the following key players in the global emergency beacon transmitter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ACR Electronics, INC.
• Mcmurdo Group
• HR Smith 
• Emergency Beacon Corporation 
• Cobham PLC
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report