DUBLIN, March 8, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fxh3wj/emergency_beacon) has announced the addition of the "Emergency Beacon Transmitter Market - Global Forecast to 2020" report to their offering.
The global emergency beacon transmitter market is expected to grow from USD 133.3 Million in 2015 to USD 175.4 Million by 2020, at a CAGR of 5.6% from 2015 to 2020.
Emergency beacon transmitters are tracking devices that assist in the detection and location of boats, aircraft, and people in distress. When the transmitter is activated, the beacon emits a distress signal, and simultaneously the location of such signals is detected by non-geostationary satellites. This information acquired is passed on to the search & rescue authorities to locate survivors.
North America and Europe are leading regions in the global emergency beacon transmitter market, owing to the high adoption of beacon transmitters in varied industry verticals, such as military, aviation, civil aviation, merchant navy, and navy (marine defense). North America commanded the highest market share of the global market in 2015, wherein the U.S. is the highest contributor in this region.
Moreover, the Middle East & Africa also offers potential growth opportunities due to increase in tourism, which has further resulted in increasing security parameters in the aviation industry, especially for travelers.
A major restraint hampering the growth of the market is the availability of alternative products such as satellite messengers and satellite phones, which offers a wide range of advanced features, such as sending text messages, tracking/sharing of location, emergency call, and roadside, or marine assistance.
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Emergency Beacon Transmitter Market, By Vertical
6 Emergency Beacon Transmitter Market, By Service
7 Emergency Beacon Transmitter Market, By Type
8 Emergency Beacon Transmitter Market, By Technology
9 Emergency Beacon Transmitter Market, By Geography
10 Competitive Landscape
11 Emergency Beacon Transmitter Market, By Company
- Ack Technologies, Inc
- Acr Electronics, Inc.
- Cobham Plc
- Emergency Beacon Corporation
- Hr Smith
- Mcmurdo Group
For more information visit http://www.researchandmarkets.com/research/fxh3wj/emergency_beacon
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SOURCE Research and Markets