Emergency Location Transmitter Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031


Posted October 9, 2024 by Tan8121

Emergency location transmitter market is anticipated to grow at a CAGR of 5.9% during the forecast period (2024-2031).

 
Emergency location transmitter market is anticipated to grow at a CAGR of 5.9% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for advancements in technology across the globe. Technological developments, such as improved battery solutions, such as the alkaline-based solution featured in the ARTEX ELT 4000M, help to improve ELT reliability and effectiveness. For instance, in May 2023, ACR Electronics introduced the ARTEX ELT 4000M, the latest transport-grade 406 MHz approved Emergency Locator Transmitter (ELT). The revolutionary ELT has 243 and 121.5 MHz homing frequencies and is powered by a patented alkaline-based solution, that eliminates it from FAA non-rechargeable lithium battery exceptions.

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The global emergency location transmitter market is segmented based on type, technology, service, and industry vertical. Based on the type, the market is sub-segmented into personal locator beacons, emergency position-indicating radio beacons, emergency locator transmitters. Based on the technology, the market is sub-segmented into digital, and analog. Based on the service, the market is sub-segmented into maintenance services, installation and design, inspection and management services, engineering services, and others (data analytics services, and logistical support services). Furthermore, on the basis of industry vertical, the market is sub-segmented into civil aviation, military aviation, merchant navy, navy (defense marine), and others (search and rescue organizations, and government and public safety agencies). The emergency locator transmitters subcategory is expected to capture a significant portion of the market share within the type segment. The growth can be attributed to the innovative smart technology program. The ELT project appears as a revolutionary smart technology endeavor, signifying a notable advancement in the use of modern technologies. This probably entails combining smart capabilities with artificial intelligence (AI) to increase the efficacy and efficiency of emergency location transmissions. For instance, in November 2022, The National Search and Rescue Center, the General Civil Aviation Authority, and Bayanat, launched the emergency locator transmitter (ELT) project, the program is a revolutionary smart technology initiative designed to help the UAE achieve its goal to serve as an innovator in aviation safety and artificial intelligence.

full report of Emergency Location Transmitter Market available @ https://www.omrglobal.com/industry-reports/emergency-location-transmitter-market

Market Coverage
Market number available for – 2024-2030
Base year- 2023
Forecast period- 2024-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Emergency Location Transmitter Market Report Segment

By Type

Personal Locator Beacons
Emergency Position-Indicating Radio Beacons
Emergency Locator Transmitters

By Technology

Digital
Analog

By Service

Maintenance Services
Installation and Design
Inspection and Management Services
Engineering Services
Others (Data Analytics Services, and Logistical Support Services)

By Industry Vertical

Civil Aviation
Military Aviation
Merchant Navy
Navy (Defense Marine)
Others (Search and Rescue Organizations,and Government and Public Safety Agencies)

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global emergency location transmitter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.

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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Last Updated October 9, 2024