Global Commercial Aircraft Underwater Location Beacon Market 2017-2021

New Report Released: – Global Commercial Aircraft Underwater Location Beacon Market 2017-2021

The author of the report recognizes the following companies as the key players in the global commercial aircraft underwater location beacon market: Dukane Seacom, RJE Internationael, Novega, and L3 Technologies.

Commenting on the report, an analyst from the research team said: “One trend in the market is development of beacons with integrated pressure sensor. A pressure sensor in a ULB is used to measure the water pressure of a fallen aircraft. This sensor can determine the depth of water as the pressure reading in a ULB is directly proportional to the underwater depth of the beacon.”

According to the report, one driver in the market is growing procurement of new generation aircraft. In the next 20 years, air travel is expected to double due to the increase in flights in key countries like China, India, Indonesia, Russia, and the US. The year-over-year increase in air traffic has also essentialized the induction of new aircraft to facilitate the growing demand. Aircraft OEMs and their suppliers are revamping their production facilities to ensure scheduled deliveries. The growth in passenger traffic has also led to the requirement for procuring technologically advanced aircraft that can be used for both short-haul and long-haul operations.

Further, the report states that one challenge in the market is delays in scheduled aircraft delivery. Aircraft manufacturers face several process challenges while keeping pace with the market competition. The order and delivery cycles for manufacturers have been irregular for the past decade with the increase in orders, even though the aerospace industry has reached maturity. The industry reaps profits when aircraft are delivered to airline operators within schedule. However, the long duration of the manufacturing process often leads to airline companies canceling their orders due to low demand from aircraft operators.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.