Global Commercial Aircraft Underwater Location Beacon Market 2017-2021

Overview of the global commercial aircraft underwater location beacon market

Technavio's research analysis on the global commercial aircraft underwater location beacon (ULB) market has identified the rise in procurement of new generation aircrafts as one of the major factors that will have a positive impact on this market's growth till 2021. The rise in air traffic levels due to the increase in air travel in countries such as China, India, Indonesia, Russia, and the US has propelled the demand for new aircrafts. The increase in passenger traffic has also resulted in the growing requirement for procuring technologically enhanced aircrafts that can be used for both short-haul and long-haul operations. These new aircrafts will also be operating in maritime routes and this increases the need for the integration of advanced tracking and safety systems. Owing to the introduction of several regulations for safety systems in airplanes, these aircrafts will also be integrated with new generation ULBs to comply with these aviation regulations. This will lead to the growth of the commercial aircraft ULBs market, which according to our market research analysts will grow at a CAGR of more than 6% by 2021.

The introduction of beacons with integrated pressure sensors will be one of the major trends gaining traction in the commercial aircraft ULB market during the coming years. The integration of pressure sensors in ULBs will improve battery performance. Moreover, the integration of pressure sensors also improves the operational time of the aircraft and improves the aircraft's operational safety.

Competitive landscape and key vendors  

The vendors in the commercial aircraft ULB market compete in terms of product quality and performance of batteries installed in their respective ULBs. With constant changes in aviation regulations, the vendors have the need to improve their product portfolio by introducing products that are integrated with advanced technologies.

The leading vendors in the market are ?

• Dukane Seacom
• RJE Internationael
• Novega
• L3 Technologies

Segmentation by aircraft type and analysis of the commercial aircraft ULB market

• Narrow-body aircraft
• Wide-body aircraft
• Regional jet

During 2016, the narrow-body aircraft segment accounted for the major shares of the commercial aircraft ULB market. The integration of ULBs with flight recorders and CVR in aircrafts and the rising demand for narrow-body aircrafts, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the commercial aircraft ULB market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial aircraft ULB market throughout the forecast period. The rising demand for new generation aircrafts and the need to various regulatory requirements, will drive the market's growth prospects in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial aircraft underwater location beacon market?
• What are the key market trends impacting the growth of the global commercial aircraft underwater location beacon market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial aircraft underwater location beacon market?
• What are the market opportunities and threats faced by the vendors in the global commercial aircraft underwater location beacon market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial aircraft underwater location beacon market?

Technavio also offers customization on reports based on specific client requirement.

Technavio's provides an analysis of the aerospace and defense sector to clients in government institutions, airport authorities, original equipment manufacturers (OEMs) of aircraft and aircraft components, defense contractors, and R&D centers and institutes. Our portfolio of market research reports covers topics such as aerospace and aircraft materials, aerostructures, aircraft carriers, attack helicopters, communication, components, display, and electronic warfare systems, among others. This upcoming market research report on the commercial aircraft underwater location beacon market offers an in-depth analysis of the various factors influencing this market's growth prospects over the coming years.

To help clients get a holistic overview of the competitive landscape, this industry report includes some of the vendors operating in this market space such as RJE International, Dukane, Teledyne Marine, and Novega GmbH. The research specialists at Technovio have predicted that factors such as the emergence of sensor fusion technology and advancement in lithium battery technologies are likely to propel this market's growth in the predicted period. However, procedural constraints for new vendors entering the market might hinder the growth prospects.

Additionally, to help clients accurately predict the growth of this market, our analysts closely follow the growth trajectory of similar markets such as the flight simulator market, which is likely to post a CAGR of around 5% during the forecast period. The report also includes an analysis of the market across different geographical regions including the Americas, APAC, and EMEA.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.