Underwater Locator Beacon (ULB)
Market
Underwater Locator Beacon (ULB) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Underwater Locator Beacon (ULB) Market Size and Growth
The Underwater Locator Beacon (ULB) market is witnessing steady growth, driven by increasing demand for advanced marine safety technologies. In 2023, the market size is estimated to reach approximately $120 million, with a projected CAGR of 5% through 2030, influenced by regulatory standards and enhancements in underwater tracking systems.
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Companies Covered
(Covid 19 Impact Covered)
◍ Novega
◍ Dukane Seacom
◍ L3Harris Technologies
◍ Curtiss-Wright
The Underwater Locator Beacon (ULB) market features key players like Novega, Dukane Seacom, L3Harris Technologies, and Curtiss-Wright. These companies enhance ULB technologies through innovation and partnerships, driving market growth. Notable sales revenues include L3Harris at approximately $18 billion, Dukane Seacom around $25 million, and Curtiss-Wright at about $2.3 billion.
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Market Segmentation
By Application
Military
Commercial
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By Product
90-Day Underwater Locator Beacon (37.5 kHz)
Low-Frequency Underwater Locator Beacon (8.8 KHz)
Market Growth
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$ X Billion USD
