Emergency Location Transmitter Market Latest Advancement and Global Outlook 2021 - Honeywell International Inc., Orolia Holding SAS, ECA Group, Astronics Corporation

Emergency Location Transmitter Market Research Report provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Emergency Location Transmitter market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position. This research report also provides post COVID-19 impact analysis of the Emergency Location Transmitter industry.

The Emergency Location Transmitter Market was valued at USD 149.74 million in 2020 and is expected to reach USD 194.82 million by 2026 and grow at a CAGR of 4.5% over the forecast period (2021-2026). The growth of ELTs was primarily driven by various regulations introduced around the world. Countries like the United States, France, and the United Kingdom were among the first ones to make the installation of ELTs mandatory in several aviation and transportation practices. The globally accepted frequency for ELTs has been set to 406 MHz since 2009. Most countries shifted to this frequency in the early years, but a large part of the developing countries and countries with low penetration of ELT devices still lack such concepts. Reportedly, Mexico was the last country to shift to 406 MHz in December 2018.

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Top Leading Companies of Global Emergency Location Transmitter Market are Honeywell International Inc., Orolia Holding SAS, ECA Group, Astronics Corporation, Ack Avionics Technologies Inc., ACR Electronics Inc., HR Smith Group of Companies, Emergency Beacon Corp., Dukane Seacom (Heico Corporation), Pointer Inc., DSS Aviation

Market Research Analysis:

Aerospace Vertical to Have a Major Market Share

- The ELTs are used widely in the aerospace industry for their high reliability and efficiency. The ELT products can automatically transmit signals to the nearby rescue stations at the time of emergencies. Moreover, in 2008, the International Civil Aviation Organization (ICAO) imposed a new rule to install a minimum of one emergency location transmitter in all types of aircraft operating internationally.

- Given the estimated worldwide air traffic of about 39,000,000 flights, the accident rate is one fatal accident per almost two million flights. Reflecting on this accident rate, the Aviation Safety Network stated that the level of safety increased significantly. According to the network, if the accident rate had remained the same as 10 years ago, there may have been 34 fatal accidents last year, and at the accident rate of the year 2000, there may even have been 65 fatal accidents.

- The increasing traffic in the commercial aviation industry drives the market growth for emergency location transmitters across the world. Currently, most aviation organizations are looking for 406 MHz ELTs for higher reliability at the time of emergencies. For instance, AOPA supports the installation of advanced(406 MHz ETLs) voluntarily. They also support the awareness of pilots and aircraft owners about the limit of 121.5/243 MHz ELTs and the benefits of 406 MHz units.

Recent Advancements:

- June 2020 - Honeywell International Inc. plans to develop a fully-retrofittable solution with the help of emergency locator transmitter hardware and an updated version of the EGPWS MK V-A. The solution is flexible enough to allow the OEM to create its own trigger conditions that determine distress.

- June 2020 - Orolia Holding SAS completed its strategic partnership with Seven Solutions to deliver extremely resilient, accurate, and stable time and frequency for military, critical infrastructure, and commercial applications. This agreement not only strengthens the skills and resources of Orolia but also enhances its global distribution network.

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KEY MARKET BENEFITS FOR STAKEHOLDERS

─The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.

─This report provides an in-depth analysis of the global Emergency Location Transmitter market to identify the potential investment pockets.

─It outlines the current trends and future scenarios to determine the Emergency Location Transmitter market potential and gain stronger market foothold.

─Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

─Quantitative analysis of the Emergency Location Transmitter industry from 2015 to 2025 is highlighted to recognize the financial competency of the market.

─Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

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