What are the Historical and Forecasted Market Sizes for the Global Search and Rescue (SAR) Equipment Market?
The search and rescue (SAR) equipment market size has displayed impressive growth recently, growing from $89.7 billion in 2024 to a projected $94.33 billion in 2025, at a compound annual growth rate (CAGR) of 5.2%. This growth has predominantly been driven by an increase in natural disasters, military applications, safety requirements in maritime and aviation sectors, government funding for SAR operations, and the rise in outdoor recreational activities.
The SAR market is predicted to continue its strong growth in the coming years, with a forecasted value of $118.9 billion by 2029, pegging the CAGR at 6.0%. This future growth is expected to be fueled by the integration of AI and machine learning in SAR operations, the usage of unmanned aerial vehicles for SAR, real-time communication and coordination, GPS and satellite-based location tracking, and the growth of private sector SAR services.
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How is Terrorism and Insurgency Driving the Search and Rescue Equipment Market?
The increasing occurrences of terrorism and insurgency are key factors propelling the growth of the SAR equipment market. These activities lead to direct economic losses in terms of property damage and loss of life and indirectly affect economies through a decline in tourism, market uncertainty, and increased insurance claims.
What are the Main Segments Within the Global Search and Rescue (SAR) Equipment Market?
The SAR equipment market can be broken down into the following segments:
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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Who are the Key Players in the Search and Rescue Equipment Market?
Major players in the SAR equipment market include 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, and several others.
What are the Emerging Trends in the SAR Equipment Market?
Companies operating in the SAR equipment market are developing novel technologies for firefighter safety to gain a competitive edge. For instance, in April 2022, MSA Safety Incorporated launched LUNAR, a technologically advanced SAR device created to enhance firefighter safety. LUNAR incorporates various advanced features such as Firefighting Assisting Search Technology (FAST), personal thermal imaging with edge detection, and other innovative features.
Which Regions Lead in the Search and Rescue Equipment Market?
North America was the largest region in the SAR equipment market in 2024 and Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report offers a comprehensive overview of the SAR equipment market across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The 2029 Search And Rescue (SAR) Equipment Market Report Offer?
SAR equipment is utilized to find and rescue individuals during operations for those hurt in accidents, fires, or other critical situations. It allows rescue teams to optimize the effectiveness and safety of their operations in difficult situations such as natural disasters or accidents. The Search And Rescue (SAR) Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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