Emergency Locator Transmitters Market Revenue Driving Factors, Growth Rate Analysis and Forecast

 The global emergency locator transmitters market research report provides insights on industry scope, key players, growth driving factors, key application, and regional estimates. It offers numerous opportunities for market players to invest in research and development. This syndicated research report also provides insights on market size, revenue drivers, supply chain analysis, and data-driven answers to many industry-level questions.

Market Overview:

Global 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.

Key Players:

• Artex
• ASTRONICS CORPORATION
• ELTA
• Gables Engineering
• HR Smith Group
• MC MURDO GROUP

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Growth Drivers:

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.

Market Segment: 

Key Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Regional Insights:

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.

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