Global Emergency Position Indicating Radio Beacons (EPIRB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Emergency Position Indicating Radio Beacons (EPIRB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Emergency Position Indicating Radio Beacon (EPIRB) is a device that alerts Search and Rescue Services (SAR) in an emergency at sea. It is a tracking device that transmits a signal on a designated frequency band to locate a lifeboat, life raft, ship, or person in distress.

Market Overview:

The latest research study on the global Emergency Position Indicating Radio Beacons (EPIRB) market finds that the global Emergency Position Indicating Radio Beacons (EPIRB) market reached a value of USD 50.49 million in 2022. It’s expected that the market will achieve USD 63.88 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.

EPIRB enables rapid access to assistance when a ship is in an emergency, providing crew safety

An Emergency Position Indicating Radio Beacon (EPIRB) is a portable, battery-operated radio transmitter that can use the signal to quickly locate an emergency and provide assistance. If the ship suddenly encounters any disaster, such as sinking, the EPIRB will be designed to float freely and start transmitting. This is critical when the crew is unable to send a distress message from the ship's main transmitter.

Economic globalization promotes the growth of ship demand, thereby driving the EPIRB market

Increasing demand for ships owing to increasing industrialization and globalization is driving the expansion of the EPIRB industry. In addition, the use of EPIRB is expanding as concerns about search and rescue, safety and security, and aid in marine traffic monitoring and navigation increase. Governments are enacting various legislation to require EPIRB or PLB for all seafarers and this is driving the EPIRB market. In addition, ongoing research and development in the defense sector to advance maritime navigation, rescue, and communications are also contributing to the growth of the EPIRB market to a certain extent.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (42.80% in 2021).

Company Overview:

ACR Electronics, Inc. design and manufacture safety products. The Company offers rescue beacons and survival gear for boaters, pilots, hunters, hikers, and combat troops. ACR Electronics serves boat builders and aircraft manufacturer industries worldwide.

Segmentation Overview:

By type, Automatic Type segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Commercial Boats segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Emergency Position Indicating Radio Beacons (EPIRB) market covered in Chapter 3:

ACR Electronics,Inc
Omega Integration
Nisshinbo Holdings Inc. (JRC)
GME
Samyoung E&C
Sea of Solutions
Jotron
THE 36TH RESEARCH INSTITUTE OF CHINA ELE
Cobham

In Chapter 4 and Chapter 14.2, on the basis of types, the Emergency Position Indicating Radio Beacons (EPIRB) market from 2018 to 2029 is primarily split into:

Automatic Type
Manual Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Emergency Position Indicating Radio Beacons (EPIRB) market from 2018 to 2029 covers:

Commercial Boats
Recreational Boats

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)