Emergency Beacon Transmitter Market to Witness Exponential Growth by 2027
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Emergency Beacon Transmitter Market: Drivers and Restraints
The market is experiencing high demand due to the availability of devices equipped with advanced technologies. Earlier, devices are used for distress signals were not reliable as they could not provide accurate information about the location. However, new 406 MHz emergency beacon transmitter is equipped with a global position system (GPS) receiver which can provide exact location from where the distress signals have been received. This has resulted in the increase in demand of emergency beacon transmitters.
However, high installation and maintenance cost of the emergency beacon transmitter is hindering the market growth. Further, licensing and regulation is also one of the major challenges for the vendors. An emergency beacon transmitter vendor needs to register its emergency beacon. Failure to register it or notify the National Oceanic and Atmospheric Administration (NOAA) about any beacon ownership change could lead to penalties by the Federal Communications Commission.
A technological trend which has been noticed in the market is emergency beacon transmitter watches. These are suitable for those who travel in remote and risky places. The watch comes with a dual-channel emergency satellite transmitter which gets activated by twisting and pulling the watch knob. The watch holds a Personal Locator Beacon (PLB) category 2 beacon micro-transmitter and is priced between US$ 17,000 and US$ 18,000.
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Global Emergency Beacon Transmitter Market: Market Segmentation
Global Emergency Beacon Transmitter Market can be divided into two segments, based on type and end-users.
Segmentation on basis of type in Emergency Beacon Transmitter market:
The segments in Emergency Beacon Transmitter market by type include:
Emergency Position Indicator Radio Beacon
Emergency Locator Transmitter
Personal Locator Beacon
Segmentation on basis of end-users for Emergency Beacon Transmitter Market:
The major segments of Emergency Beacon Transmitter market on basis of end-users include:
Global Emergency Beacon Transmitter Competitive Landscape
Some of the prominent players in the Emergency Beacon Transmitter market include Honeywell International, Inc., ACR Electronics, Inc., Emergency Beacon Corporation, McMurdo Group, ACK Technologies, Inc. Thales Group and Cobham Plc. among others.
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