Emergency Beacon Transmitter Market Size, Share, Growth Analysis, 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), By Vertical(Civil Aviation, Military Aviation, Merchant Navy, Navy (Defense Marine)), By Region - Industry Forecast 2024-2031

Global Emergency Beacon Transmitter Market size was valued at USD 209.49 Million in 2022 and is poised to grow from USD 222.27 Million in 2023 to USD 356.95 Million by 2031, growing at a CAGR of 6.10% in the forecast period (2024-2031).

The rise in demand for emergency beacon transmitter can be attributed to stringent government regulations implemented to improve safety in aviation. Increasing need to ensure customer safety can also fuel market growth. The increasing number of marine aircraft accidents also increases the demand for emergency lighting. The ability to provide a quick location and save lives in the event of a remote accident has gained renewed adoption, thus, helping the market growth.

Rapid technological advances are the main reason for the massive expansion of emergency lighting. The use of emergency beacon transmitter has gained popularity due to technological advances, digitization in downstream applications The growing need for effective portable security devices has led many device manufacturers to focus on handheld transmitters as they are made with a lightweight system. By integrating with the resource, the industry provided highly accurate security management strategies, further enhancing its expansion. Advanced technologies, such as the Internet of Things (IoT) added to the product helped provide real-time safety monitoring, thereby improving safety and security standards. It has also helped meet the high demand in highly sensitive situations and this has driven the global emergency beacon transmitter market.