Emergency Location Transmitter Market

Emergency Location Transmitter Market

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Raksha

Author:

Raksha Sharma

Amulya

Fact-checked by:

Amulya Agarwal

Shruti

Editor:

Shruti Bhat

Emergency Location Transmitter Market Outlook 2031

The global emergency location transmitter market size was USD 163.48 Million in 2022 and is projected to reach USD 242.95 Million by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023-2031. The growth of the market is attributed to regulation implemented around the world.

Emergency location transmitter (ELT) usage is seen in rescue operations. Earlier, it is used to take hours to know about the accurate place of accident, and rescuers had to manually sweep the suspected area, wasting valuable time that could have been spent attending to the wounded people.

Emergency Location Transmitter Market Outlook

ELTs are currently mandated by several regulatory authorities in various countries for aircrafts for safety reasons. Lightweight aircraft, passenger aircraft, and military aircraft, take are among the aircraft types that utilize these systems.

In April 2011, the Federal Communication Commission (FCC) decided to postpone implementation of a proposed rule requiring the replacement of 121.5 MHz ELTs with 406 MHz ELTs. The FCC announced a final rule on March 29, 2021 that pauses its previous ruling regulating ELTs indefinitely.


Changing the battery, calibrating the GPS, and assessing for damage caused by wear and tear are all routine maintenance tasks. If not properly maintained, ELT may not be triggered during an incident or may issue false alarms, resulting in significant fines.

To avoid such events, operators tend to replace their ELTs after a set period of time, which is boosting the demand for durable and reliable ELTs. Ongoing technological innovation provides constant improvement, which make ELTs more compact and dependable.


Growing digitization has aided in the widespread adoption of digital electronic devices in a variety of applications. The incorporation of digital technology into ELTs allow for higher frequency alerts as well as optimal power capacity.

Emergency Location Transmitter Market Trends, Drivers, Restraints, and Opportunities

  • Increasing number of government initiatives and support is projected to drive the market growth.
  • Rising number of natural disasters is driving the growth of the market.
  • The cost and time required to develop ELTs can stifle market expansion.
  • Rising technology advancements is expected to open up a plethora of options for market participants in the projected timeline.

Scope of Emergency Location Transmitter Market Report

The report on the global emergency location transmitter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Emergency Location Transmitter - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

End-user Verticals (Aerospace Applications (Commercial and Defense), Maritime Applications, and Personal Applications)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Honeywell International Inc., Orolia Holding SAS, ECA Group, and Astronics Corporation

Emergency Location Transmitter Market Segment Insights

End-user Verticals Segment Analysis

On the basis of end-user verticals, the market is segregated into aerospace applications (commercial and defense), maritime applications, and personal applications. The aerospace applications segment is expected to dominates the market during the forecast period. The global emergency location transmitters market is growing due to increased traffic in the commercial aircraft industry.

Most aviation companies are currently looking for 406 MHz ELTs for increased reliability in the event of an emergency. The excellent durability and efficiency of ELTs have increased their deployment in the aerospace industry.


In the event of an emergency, the ELT products can immediately transmit signals to adjacent rescue stations. In 2008, the International Civil Aviation Organization (ICAO) implemented a new rule requiring all types of aircraft operating internationally to have at least one emergency location transmitter installed on it.

The accident rate is one fatal accident per about two million flights, based on the global aviation traffic of over 39,000,000 flights. The Aviation Safety Network noted that the level of safety has greatly enhanced due to the integration of ELTs on the aircrafts.

Emergency Location Transmitter Market End-user

Regional Outlook

In terms of regions, the global emergency location transmitter market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the industry in the projected timeline.

With more than 7.5 million flights each year, this region accounts for most flights in the year. As a result, the FAA has mandated that all aircraft registered in the US to utilize an ELT on their aircraft.

Emergency Location Transmitter Market Region

Segments

The global emergency location transmitter market is segmented on the basis of

End-users

  • Aerospace Applications (Commercial and Defense)
  • Maritime Applications
  • Personal Applications

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

The major players in the emergency location transmitter market include Honeywell International Inc., Orolia Holding SAS, ECA Group, and Astronics Corporation. Companies are engaging in mergers, acquisitions, and partnerships to expand their market share.

  • In June 2020, Honeywell International announced that it is developing a completely retrofittable solution using ELT hardware and an improved version of the EGPWS MK V-A. The technology is adaptable enough to allow the OEM to define its own distress trigger circumstances.

Emergency Location Transmitter Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Emergency Location Transmitter Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Emergency Location Transmitter Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Emergency Location Transmitter Market - Supply Chain
  4.5. Global Emergency Location Transmitter Market Forecast
     4.5.1. Emergency Location Transmitter Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Emergency Location Transmitter Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Emergency Location Transmitter Market Absolute $ Opportunity
5. Global Emergency Location Transmitter Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Emergency Location Transmitter Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Emergency Location Transmitter Demand Share Forecast, 2019-2026
6. North America Emergency Location Transmitter Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Emergency Location Transmitter Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Emergency Location Transmitter Demand Share Forecast, 2019-2026
7. Latin America Emergency Location Transmitter Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Emergency Location Transmitter Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Emergency Location Transmitter Demand Share Forecast, 2019-2026
8. Europe Emergency Location Transmitter Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Emergency Location Transmitter Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Emergency Location Transmitter Demand Share Forecast, 2019-2026
9. Asia Pacific Emergency Location Transmitter Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Emergency Location Transmitter Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Emergency Location Transmitter Demand Share Forecast, 2019-2026
10. Middle East & Africa Emergency Location Transmitter Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Emergency Location Transmitter Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Emergency Location Transmitter Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Emergency Location Transmitter Market: Market Share Analysis
  11.2. Emergency Location Transmitter Distributors and Customers
  11.3. Emergency Location Transmitter Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Honeywell International Inc. Orolia Holding SAS ECA Group Astronics Corporation

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