|03-14-2019 09:56 PM CET - IT, New Media & Software||
Emergency Location Transmitter Market Set for Rapid Growth and Trend by 2023 | Analysis by ACR Electronics, AVI Survival Products, Emergency Beacon, McMurdo, DSS Aviation, HR Smith, Musson Marine
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Emergency Location Transmitter Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Emergency Location Transmitter Market:
The Global Emergency Location Transmitter Market was valued at USD 111.43 Million in 2017 and is projected to reach USD 147.46 Million by the end of 2023, growing at a CAGR of 4.78% over the forecast period of 2018-2023.
The scope of the report is limited to the type of transmitters used and the verticals in which they are used. During times of emergency, emergency location transmitting devices can be activated so that the search and rescue teams can come to aid. Increasing aviation/maritime disaster and ease of locating the source are driving the emergency location transmitter market.
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Increasing Aviation/Maritime Disasters; During incidents such as the Iran Aseman Airlines ATR 72-212 crash in 2018, the Saratov Airlines Antonov An148 crash in 2018, the crash of EgyptAir Flight 804’s in 2016, and the disappearance of Malaysian Airlines MH370 in 2014, search and rescue operations teams were able to narrow down the crash sites with the help of ELT devices. MH370’s disappearance still remains a mystery but the officials were given a possible crash area based on the beacon aboard MH370. Increasing maritime/aviation accidents and increased adoption of this technology by adventure enthusiasts while trekking or skiing are driving the market forward, while penalties for false activations, issues of unregistered products, and strict regulations and guidelines on the standards to be followed may impede the market growth.
Military is one of the largest sectors to adopt ELT. ELT and Search and Rescue Light are carried by elite military forces around the world to locate the exact location of the personnel while on a rescue mission. PLB is also carried by the military to send the GPS location while in danger. Moreover, countries are spending more and more on military. In 2018, the United States is poised to spend USD 686 billion on defense and military. In 2016, the United States, China, and India were the highest spenders on defense and military and spent USD 1,026 billion, USD 736 billion, and USD 213 billion, respectively.
A complete analysis of the competitive landscape of the Global Emergency Location Transmitter Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Emergency Location Transmitter Market players.
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Major Key Players:
1 ACR Electronics, Inc.
2 AVI Survival Products
3 Emergency Beacon Corp
5 DSS Aviation
6 HR Smith
7 Musson Marine
8 ACK Technologies Inc. and More……………
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2023 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Emergency Location Transmitter Market.
Table of Contents:
2 Executive Summary
3 Emergency Location Transmitter Market Overview
4 Emergency Location Transmitter Market Dynamics
5 Emergency Location Transmitter Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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This release was published on openPR.
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