Global Search And Rescue (SAR) Equipment Market Overview 2024: Size, Growth Rate, and Segments
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The search and rescue (sar) equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Search And Rescue (SAR) Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The search and rescue (sar) equipment market size has grown strongly in recent years. It will grow from $86.92 billion in 2023 to $91.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to natural disasters and emergency response needs, defense and military applications, maritime and aviation safety, government funding for sar operations, growth in outdoor recreational activities..
The search and rescue (sar) equipment market size is expected to see strong growth in the next few years. It will grow to $115.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to integration of ai and machine learning in sar operations, unmanned aerial vehicles (uavs) for sar, real-time communication and coordination, gps and satellite-based location tracking, expansion of private sector sar services, use of robotics and drones for sar.. Major trends in the forecast period include wearable sar technology for first responders, enhanced data analytics for predictive sar, ai-powered image and speech recognition, autonomous sar systems, green and sustainable sar equipment, cross-border and international sar coordination..
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Scope Of Search And Rescue (SAR) Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Search And Rescue (SAR) Equipment Market Overview
Market Drivers –
Increasing terrorism and insurgency are expected to propel the growth of search and rescue equipment going forward. Terrorism is viewed as a means of achieving a political goal, whereas insurgency is a political movement with a clear political objective. Increasing terrorism and insurgency directly cause economic destruction of property and lives and indirectly affect the economy through xenophobia, loss of tourism, creating market uncertainty, and increased insurance claims. For instance, according to Center for Strategic and International Studies, a US-based NGO, there were nearly 73 terrorist attacks and plots in the United States in 2021. In the 2020 the number of fatalities were 5 which increased to 30 in 2021. Also, according to Global Terrorism Index 2022, published in ReliefWeb, a US-based humanitarian information portal, despite an increase in attacks, the impact of terrorism continues to decline. In 2021, deaths from terrorism fell by 1.2% to 7,142, while attacks rose by 17%, highlighting that terrorism is becoming less lethal. Therefore, increasing terrorism and insurgency are driving the growth of the search and rescue equipment market going forward.
Market Trends –
Major companies operating in the search and rescue (SAR) equipment market are developing new technologies for firefighters safety to gain a competitive edge in the market. For instance, in April 2021, MSA Safety Incorporated, a US-based safety equipment company launched LUNAR, a search and rescue device designed to enhance firefighter safety. This versatile device can be used as a standalone tool or integrated into an MSA SCBA system. LUNAR incorporates advanced technologies, including Firefighting Assisting Search Technology (FAST) for locating teammates, personal thermal imaging with edge detection, direct cellular cloud connectivity, and a LUNAR-to-LUNAR network for seamless on-scene communication.
The search and rescue (sar) equipment market covered in this report is segmented –
1) By Equipment: Rescue Equipment, Search Equipment, Communication Equipment, Technical Equipment, Planning Equipment, Other Equipment
2) By Platform: Airborne, Marine, Ground-Based
3) By Application: Combat SAR, Urban SAR Industrial
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Regional Insights –
North America was the largest region in the search and rescue (SAR) equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the search and rescue (sar) equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the search and rescue (sar) equipment market include Amateur Radio Electronics, Aeromarine Srt, Cubic Corporation, Elbit Systems Ltd, Garmin Ltd., Honeywell International Inc., RTX Corporation, Airborne Systems North America Inc., CMC Rescue Inc., Cascade Rescue Company, Angloco Ltd., Weber Rescue Systems, SAR Products Ltd., General Dynamics Corporation, Leonardo, Textron Systems, Thales Group, Viking Life-Saving Equipment, Mustang Survival, Survitec Group Limited, Drägerwerk AG & Co. KGaA, Cobham plc, BAE Systems plc, L3Harris Technologies Inc., FLIR Systems Inc., Harken Inc., Epik Medical Group, Rock Exotica, Skylotec GmbH, National Retail Solutions (NRS), Leader Electronics Corporation
Table of Contents
1. Executive Summary
2. Search And Rescue (SAR) Equipment Market Report Structure
3. Search And Rescue (SAR) Equipment Market Trends And Strategies
4. Search And Rescue (SAR) Equipment Market – Macro Economic Scenario
5. Search And Rescue (SAR) Equipment Market Size And Growth
…..
27. Search And Rescue (SAR) Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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