DUBAI, UAE. 11th September
2019: 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.
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.
Request Sample Copy @
https://www.millioninsights.com/industry-reports/emergency-locator-transmitter-elt-market/request-sample
On the other hand, the factors that may hamper the growth of
the market include high installation and maintenance cost and visibility range
of the emergency locator transmitters. The market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
Emergency locator transmitters market could be explored by
product type, application and geography. Market by product type could span
Automatic Portable ELT, Automatic Fixed ELT, Automatic Deployable ELT, and
Survival ELT.
The key applications that could be explored in the market
include Civil Aircrafts and Military Aircrafts. The “Military Aircrafts”
segment led the emergency locator transmitters market in 2017 and is
anticipated to maintain its dominance by 2023. The key factor that may be
attributed to the growth of market includes high demand.
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.
Some of the key players that fuel the growth of the
emergency locator transmitters market comprise DSS aviation, Acrartex, HR
smith, ACK technologies Inc, Emergency beacon corp, Musson marine, Mcmurdo,
Survival products and Sarasota avionics. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
Browse Complete
Report with TOC @ https://www.millioninsights.com/industry-reports/emergency-locator-transmitter-elt-market
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• With Integrated GPS
• Portable
• Embedded
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Emergency Locator Transmitters for each application, including
• Airplane
• Helicopter
• Other
For More Information,
Visit Our Blog @ www.digitalmarket360.wordpress.com
No comments:
Post a Comment