Overview and Scope
The search and rescue (SAR) equipment is used to locate trapped people during search and rescue operations for those hurt in accidents, fires, and other urgent circumstances.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The search and rescue (sar) equipment market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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