Global Emergency Position Indicating Radio Beacon Market Outlook
Revenue, 2024
$972M
Forecast, 2034
$1.82B
CAGR, 2024 - 2034
6.5%
The Emergency Position Indicating Radio Beacon industry revenue is expected to be around $1034.6 million in 2025 and expected to showcase growth with 6.5% CAGR between 2025 and 2034. The rising need for Emergency Position Indicating Radio Beacons is due to their growing importance in keeping activities secure and safe at sea. These beacons play a role in quickly signaling distress calls during emergencies and are a significant driving force behind their high demand. Increased awareness of safety precautions at sea and strict regulatory standards, for maritime safety have solidified the importance of these radio beacons in the present era. Integrating cutting edge technologies, into their design ensures that they not only sustain but also expand their usefulness and popularity.
A device known as an Emergency Position Indicating Radio Beacon (EPIRB) is commonly used for safety purposes to signal for help during sea emergencies by sending out a coded message on the 406 MHz distress frequency through satellites and earth stations to the rescue coordination center. Various sectors such as shipping companies and naval forces rely on EPIRBs for their maritime safety needs due to its significant role, in ensuring security at sea.
Market Key Insights
- The Emergency Position Indicating Radio Beacon market is projected to grow from $971.5 million in 2024 to $1.82 billion in 2034. This represents a CAGR of 6.5%, reflecting rising demand across Maritime Navigation, Aviation and Trekking and Mountaineering.
- ACR Electronics Inc. and Orolia Maritime and McMurdo Group lead the market as major competitors which determine its competitive dynamics.
- U.S. and China are the top markets within the Emergency Position Indicating Radio Beacon market and are expected to observe the growth CAGR of 4.2% to 6.2% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and UAE are expected to observe highest growth with CAGR ranging between 7.5% to 9.0%.
- The Emergency Position Indicating Radio Beacon market will experience $118.9 million in additional growth through 2030 because of Digital Transformation.
- The Emergency Position Indicating Radio Beacon market is set to add $852 million between 2024 and 2034, with industry players targeting Aviation & Outdoor Enthusiasts End-user Applications projected to gain a larger market share.
- With Increasing maritime safety measures, and Technological advancements in search and rescue operations, Emergency Position Indicating Radio Beacon market to expand 88% between 2024 and 2034.
Opportunities in the Emergency Position Indicating Radio Beacon
With the rise of operations in developing regions like Asia Pacific and Africa comes an increasing need for safety gear like EPIRBs . The changing demands of consumers and growing regulatory requirements for safety are creating opportunities for growth, in these markets.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
The Emergency Position Indicating Radio Beacon market in North America is seeing an uptick in growth due to advancements in technology and greater investments in maritime safety infrastructure. The United States holds a position in this market thanks, to its thriving fishing sector and the frequent recreational marine activities that require efficient distress signaling for safety measures. Moreover in the region the increasing implementation of safety protocols by the U. S Coast Guard has led to a rise in the market demand for EPIRB devices. ACR Electronics and McMurdo are players, in the market competition.
Asia-Pacific Outlook
The EPIRB device market in the Asia Pacific region is thriving due to its maritime sector that includes commercial shipping and offshore activities like fisheries and exploration operations. China stands out as a player in this market because of its growing merchant shipping industry that fuels the demand for EPIRB devices while adhering to strict safety regulations for offshore ventures. Competition is stiff in this market segment as leading companies such as Jotron and Orolia Maritime dominate the scene. The regions progress is further driven by advancements in beacon technology and government efforts to promote safety measures, within the industry.
Market Dynamics and Supply Chain
01
Driver: Increasing Maritime Safety Measures, and Growing Marine and Aviation Industry
The maritime sector is also always improving safety procedures to safeguard both people and resources at sea. This ongoing enhancement of safety practices has also significantly boosted the demand for Emergency Position Indicating Radio Beacons which play a role in emergencies. The growing enforcement of safety regulations is also anticipated to drive the need, for EPIRBs that are also designed to float on water and send signals to search and rescue satellites pinpoint ing the precise location of an emergency. The rise of the sector alongside the growth of aviation has also led to a marked increase in the need for Emergency Position Indicating Radio Beacons . As marine and air traffic continue to expand the importance of advanced emergency response systems has also become more crucial, than ever before.
The application of cutting edge tools like GPS and AIS in Search and Rescue missions has also greatly boosted the effectiveness of Emergency Position Indicating Radio Beacons . These technological innovations empower these devices to swiftly offer location details to rescue teams for prompt intervention during critical emergencies. The ongoing progress and integration of technologies are also anticipated to drive the need, for COSPAS SARSAT EPIRBs further ahead to facilitate faster search and rescue efforts.
The application of cutting edge tools like GPS and AIS in Search and Rescue missions has also greatly boosted the effectiveness of Emergency Position Indicating Radio Beacons . These technological innovations empower these devices to swiftly offer location details to rescue teams for prompt intervention during critical emergencies. The ongoing progress and integration of technologies are also anticipated to drive the need, for COSPAS SARSAT EPIRBs further ahead to facilitate faster search and rescue efforts.
02
Restraint: High Initial Investment and Maintenance Costs
One major obstacle hindering the expansion of the Emergency Position Indicating Radio Beacon market is the upfront investment and ongoing maintenance expenses linked to these devices. Individuals in developing areas often face limitations that hinder their capacity to purchase and maintain these essential devices consistently. This issue directly influences market demand. Alters the natural upward trend, in market dynamics.
03
Opportunity: Advancements in Satellite Technology and Collaboration with Maritime Entities
The worldwide market for Emergency Position Indicating Radio Beacon could see advantages from the progress in satellite technology developments as they advance further in providing precise and reliable distress signal location capabilities that enhance the efficiency of EPIRB devices significantly. Furthermore. Notably so are these technological enhancements that have the potential to broaden the reach and precision of EPIRBs ensuring safety and offering peace of mind to users, in isolated areas or challenging environments.
Strengthened alliances with shipping firms and maritime entities along with search and rescue groups offer growth opportunities for the EPIRB market sector. These partnerships can delve into advancing the deployment and uniformity of EPIRB devices on ships to boost safety measures in activities. Such collaborations also promote the exchange of expertise and technological advancements while garnering backing from regulations – all of which greatly drive the demand for EPIRB, in the market.
Strengthened alliances with shipping firms and maritime entities along with search and rescue groups offer growth opportunities for the EPIRB market sector. These partnerships can delve into advancing the deployment and uniformity of EPIRB devices on ships to boost safety measures in activities. Such collaborations also promote the exchange of expertise and technological advancements while garnering backing from regulations – all of which greatly drive the demand for EPIRB, in the market.
04
Challenge: Limited Awareness and Technical Expertise
In areas and among those unfamiliar with it lies a significant issue. A lack of understanding of the technology and advantages of the Emergency Position Indicating Radio Beacon . The absence of knowledge and difficulty accessing training programs make it challenging for people to fully utilize the product properly; sometimes resulting in misuse or improper disposal of the equipment. The limited awareness not only hinders market expansion but also highlights the pressing need to bridge the gap, in knowledge and technical skills among relevant stakeholders.
Supply Chain Landscape
1
Raw Materials Procurement
Omniflex
Honeywell International
2
Component Production & Assembly
ACR Electronics
NAL Research Corporation
3
Testing, Quality Assurance, & Certification
McMurdo Group
Ocean Signal
4
Distribution & End User
Emergency services
Maritime navigation
Aviation industry
1
Raw Materials Procurement
Omniflex
Honeywell International
2
Component Production & Assembly
ACR Electronics
NAL Research Corporation
3
Testing, Quality Assurance, & Certification
McMurdo Group
Ocean Signal
4
Distribution & End User
Emergency services
Maritime navigation
Aviation industry
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Emergency Position Indicating Radio Beacon in Maritime Navigation, Aviation & Trekking & Mountaineering
Maritime Navigation
Marine navigation heavily relies on Emergency Position Indicating Radio Beacons whichre highly effective in identifying and pinpoint the location of distressed vessels, at sea. Many commercial and recreational boats use EPIRBs to enhance safety on the water industry leaders like Kongsberg Maritime and McMurdo have established their dominance in this field through their beacon technology.
Aviation
The aviation sector also heavily depends on EPIRBs for monitoring aircraft during emergencies. A practice commonly seen in aviation and military activities to boost search and rescue efforts and reduce risks in survival situations. Renowned companies such, as Garmin and ACR Electronics dominate the market with their top notch beacons specifically crafted for aviation purposes.
Trekking and Mountaineering
Engaging in outdoor pursuits like trekking and mountaineering frequently entails the necessity of carrying EPIRBs for safety reasons. These devices play a role by transmitting accurate location signals to rescue teams during emergencies—thus markedly enhancing the prospects of a successful rescue operation. Major players in this market segment include reputable brands such, as Ocean Signal and RescueME who offer durable and dependable beacons tailored to cater to the requirements of thrill seeking outdoor enthusiasts.
Recent Developments
December 2024
Ocean Signal introduced an upgraded model of its known Emergency Position Indicating Radio Beacon with enhanced satellite detection coverage.
October 2024
Maritech Electronics has revealed that they are incorporating AI technology into their Emergency Position Indicating Radio Beacon to enhance speed and accuracy in tracking locations across maritime environments.
August 2024
ACRs Electronics Inc., a leading provider of emergency preparedness solutions introduced a solar powered Emergency Position Indicating Radio Beacon offering a sustainable and environmentally friendly option to enhance maritime safety.
The EPIRB market has seen growth lately due to technological advancements and a growing need for maritime safety measures in place Drive factors are innovations, like GPS and digital data transmission which have enhanced the effectiveness and dependability of EPIRB devices significantly.
Impact of Industry Transitions on the Emergency Position Indicating Radio Beacon Market
As a core segment of the Marine Logistics industry,
the Emergency Position Indicating Radio Beacon market develops in line with broader industry shifts.
Over recent years, transitions such as Digital Transformation and Regulatory Shifts have redefined priorities
across the Marine Logistics sector,
influencing how the Emergency Position Indicating Radio Beacon market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Digital Transformation
The Emergency Position Indicating Radio Beacon sector has seen a shift towards digitalization thanks to technological progressions such, as integrating GPS functions and extending battery life alongside satellite communication capabilities that have enhanced the reliability and effectiveness of these beacons significantly. By utilizing satellite networks effectively now these beacons are able to swiftly and accurately transmit exact location information to rescue facilities which ultimately enhances safety measures within maritime and aviation sectors. The increasing need for cutting edge Emergency Position Indicating Radio Beacon models has created opportunities for companies, in the electronics and satellite communication sectors. This industry transition is expected to add $118.9 million in the industry revenue between 2024 and 2030.
02
Regulatory Shifts
International regulations have had an influence on the Emergency Position Indicating Radio Beacon sector as well. The requirement to include emergency positioning systems in remote projects has driven theindustry'sexpansion. These regulatory adjustments have heightened the necessity for emergency systems to be in operation. This has led to a surge, in product innovation and production.