Market Overview:
The global underwater locator beacon (ULB) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ULBs from the military and commercial sectors. Additionally, technological advancements in ULBs are also contributing to the growth of this market. The global underwater locator beacon (ULB) market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 90-day underwater locator beacon (37.5 kHz) and low-frequency underwater locator beacon (8.8 KHz). By application, it is classified into military and commercial segments. Geographically, it is analyzed across North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Some of key players operating in this market include Honeywell International Inc., Sparton Corporation,, Teledyne Technologies Incorporated,, Sonardyne International Ltd.
Product Definition:
An Underwater Locator Beacon (ULB) is a device used to help locate missing divers and submerged objects. ULBs are typically small, battery-powered, and encased in a waterproof housing. They emit an acoustic signal that can be detected by sonar systems. This signal can help pinpoint the location of a diver or object underwater. ULBs are important for helping to find missing divers and objects, especially in low visibility conditions or in areas with dense vegetation or other obstructions.
90-Day Underwater Locator Beacon (37.5 kHz):
90-day underwater locator beacon is a type of deep-sea buoy that can be used for long duration under water. It’s named so because it can remain submerged for 90 days without surfacing to the surface. These beacons are deployed in offshore oil & gas exploration and other deep-sea applications such as hydrophobic roads, Underwater Scrap Recycling Centers (USRC), and others.
Low-Frequency Underwater Locator Beacon (8.8 KHz):
The low-frequency underwater locator beacon is a type of transponder used for maritime navigation. It operates at an 8.8 KHz frequency and its signal can be detected up to 1,000 feet underwater. The low-frequency underwater locator beacon consists of a titanium diaphragm and an antenna that generates a radio wave in the water which is received by the receiver in the vessel which displays it on its screen as a digital number.
Application Insights:
The military segment dominated the global underwater locator beacon market in terms of revenue share in 2017. The need for developing advanced technologies to enhance the safety of soldiers is driving the demand for ULBs. Furthermore, governments are focusing on enhancing soldier safety by improving equipment and weapon systems. This is expected to drive product demand over the forecast period.
Commercial applications include oil and gas exploration activities, marine science research, hydrographic surveys and cable maintenance operations among others.
Regional Analysis:
Asia Pacific underwater locator beacon market is expected to grow at the highest CAGR of XX% during the forecast period. This growth can be attributed to increasing maritime activities in countries such as China, India, and Singapore. Moreover, rising demand for recreational diving in this region will drive product adoption over the next eight years.
The Asia Pacific was followed by Europe with a share of 24%. The European underwater locator beacon market is mainly driven by Germany and UK due to their flourishing marine industries.
Growth Factors:
- Increasing demand for underwater locator beacon (ULB) from commercial and recreational sectors
- Growing popularity of ULB among the fishing community
- Proliferation of maritime accidents due to increasing shipping traffic
- Development of advanced and innovative ULB technologies
- Stringent safety regulations for maritime sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Locator Beacon (ULB) Market Research Report
By Type
90-Day Underwater Locator Beacon (37.5 kHz), Low-Frequency Underwater Locator Beacon (8.8 KHz)
By Application
Military, Commercial
By Companies
Novega, Dukane Seacom, L3Harris Technologies, Curtiss-Wright, Novega
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Locator Beacon (ULB) Market Report Segments:
The global Underwater Locator Beacon (ULB) market is segmented on the basis of:
Types
90-Day Underwater Locator Beacon (37.5 kHz), Low-Frequency Underwater Locator Beacon (8.8 KHz)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Novega
- Dukane Seacom
- L3Harris Technologies
- Curtiss-Wright
- Novega
Highlights of The Underwater Locator Beacon (ULB) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 90-Day Underwater Locator Beacon (37.5 kHz)
- Low-Frequency Underwater Locator Beacon (8.8 KHz)
- By Application:
- Military
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Underwater Locator Beacon (ULB) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Underwater Locator Beacon (ULB) is a type of device that emits a signal to help locate objects underwater.
Some of the major companies in the underwater locator beacon (ulb) market are Novega, Dukane Seacom, L3Harris Technologies, Curtiss-Wright, Novega.
The underwater locator beacon (ulb) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underwater Locator Beacon (ULB) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Underwater Locator Beacon (ULB) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Underwater Locator Beacon (ULB) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Underwater Locator Beacon (ULB) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Underwater Locator Beacon (ULB) Market Size & Forecast, 2020-2028 4.5.1 Underwater Locator Beacon (ULB) Market Size and Y-o-Y Growth 4.5.2 Underwater Locator Beacon (ULB) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 90-Day Underwater Locator Beacon (37.5 kHz)
5.2.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underwater Locator Beacon (ULB) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Underwater Locator Beacon (ULB) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 90-Day Underwater Locator Beacon (37.5 kHz)
9.6.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 90-Day Underwater Locator Beacon (37.5 kHz)
10.6.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 90-Day Underwater Locator Beacon (37.5 kHz)
11.6.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 90-Day Underwater Locator Beacon (37.5 kHz)
12.6.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 90-Day Underwater Locator Beacon (37.5 kHz)
13.6.2 Low-Frequency Underwater Locator Beacon (8.8 KHz)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Underwater Locator Beacon (ULB) Market: Competitive Dashboard
14.2 Global Underwater Locator Beacon (ULB) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Novega
14.3.2 Dukane Seacom
14.3.3 L3Harris Technologies
14.3.4 Curtiss-Wright
14.3.5 Novega