The Search And Rescue (SAR) Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Search And Rescue (SAR) Equipment Global Market Report 2024, 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..
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.
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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
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 report table of contents includes:
- Executive Summary
- Search And Rescue (SAR) Equipment Market Characteristics
- Search And Rescue (SAR) Equipment Market Trends And Strategies
- Search And Rescue (SAR) Equipment Market – Macro Economic Scenario
- Global Search And Rescue (SAR) Equipment Market Size and Growth
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- Global Search And Rescue (SAR) Equipment Market Competitive Benchmarking
- Global Search And Rescue (SAR) Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Search And Rescue (SAR) Equipment Market
- Search And Rescue (SAR) Equipment Market Future Outlook and Potential Analysis
- Appendix
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