The Search And Rescue (SAR) Equipment Global Market Report 2023 by The Business Research Company, provides search and rescue (SAR) equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Search And Rescue (SAR) Equipment Global Market Report 2023, the global search and rescue (sar) equipment market size grew from $82.69 billion in 2022 to $87.45 billion in 2023 at a compound annual growth rate (CAGR) of 5.8% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global search and rescue (sar) equipment is expected to grow to $106.48 billion in 2027 at a CAGR of 5.0%.
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.
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The search and rescue (SAR) equipment market 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
Technological advancements have emerged as a key trend in the search and rescue equipment market. New designs and technology are changing the way in which search and rescue (SAR) missions are being conducted. Several improvements have been made in terms of searchlights, helmet-mounted displays, cameras, spin prevention technology, wireless crew communications, and equipment in order to find missing people more safely and quickly. For instance, in October 2020, Axnes, a Norway-based manufacturer of mission-critical wireless intercom systems optimized for SAR teams, operating in the search and rescue equipment market, introduced Polycon Next Generation (PNG) wireless ICS extension, which is an encrypted, highly adaptable, full-duplex mission system that extends communications beyond an airframe at a robust line-of-sight range.
The search and rescue (SAR) equipment market report table of contents includes:
1. Executive Summary
2. Search And Rescue (SAR) Equipment Market Characteristics
3. Search And Rescue (SAR) Equipment Market Trends And Strategies
4. Search And Rescue (SAR) Equipment Forwarding Market – Macro Economic Scenario
5. Search And Rescue (SAR) Equipment Market Size And Growth
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26. Africa Search And Rescue (SAR) Equipment Market
27. Search And Rescue (SAR) Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Search And Rescue (SAR) Equipment Market
29. Search And Rescue (SAR) Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- ACR Electronics Inc
- Aeromarine SRT
- Honeywell International Inc
- Raytheon Technologies
- Airborne Systems North America Inc
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