The Search And Rescue (SAR) Equipment Market is expected to register a steady CAGR of around 5% over the forecast period (2022-2030). The increasing criminal activities and terrorist attacks, and the occurrence of unpredictable natural disasters due to the ever-changing climate conditions are some of the major factors expected to drive the growth of this market.
In addition, by comparison to 2019, there was a 27% rise in natural disasters in 2020, according to data from the Down to Earth Organization. Moreover, the National Oceanic and Atmospheric Administration (NOAA), the United States faced 20 weather disasters with economic losses that totaled USD 1 billion last year. Thus, in order to decrease the expense associated with disasters, there is an increase in demand for disaster and SAR equipment and systems around the world.
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Moreover, search and rescue equipment markets in the developing countries are also expected to witness high growth, owing to the rapid modernization and upgradation of search and rescue equipment by governments coupled with increasing funding for military and defense as well as disaster preparedness.
According to UnivDatos Market Insights (UMI)’ research report “Global SAR Equipment Market”, the market is expected to witness robust growth during the forecast period (2022-2030). This mainly due to introduction of new technology and advanced equipment for various search and rescue operations, globally. In order to find missing individuals more swiftly and safely, a number of advancements have been made by various companies across the world to equipment like as cameras, searchlights, helmet-mounted displays, wireless crew communications, spin prevention technologies, and equipment. Governments of various developed countries have also played a major role in these innovations with their increased funding for SAR equipment as well as rising focus on population safety.
Based on equipment, the search and rescue equipment market has been segmented into rescue equipment, search equipment, communication equipment, technical equipment, medical equipment, logistics equipment, and planning equipment, among others. The search equipment segment is expected to grow at the highest CAGR, owing to the increasing demand for search equipment which is derived from the requirement of the equipment in SAR operations wherein, search equipment is used for the search and rescue of victims of natural disasters and other emergency situations to locate trapped victims.
Based on the application, the search and rescue equipment market has been segmented into combat and urban SAR. The urban SAR segment is projected to lead the search and rescue equipment market owing to the increased usage of search and rescue equipment for urban SAR operations. Furthermore, technological advancements by various equipment manufacturers have created significant opportunities for SAR equipment. Moreover, SAR equipment are used for various urban rescue operations. For instance, in case of fire rescue operations, rescue crews can discover buried people with the aid of search cameras, listening devices, and life detectors. In addition, specialized equipment has also been designed and upgraded to alert rescuers in the event that the nearby structures are unstable and at risk of collapsing, providing rescue crews with essential additional protection.
North America to Hold Dominant Position
For a better understanding of the market adoption of the SAR Equipment, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to be one of the largest regions for the Search and Rescue (SAR) Equipment market, owing to the increasingly government support and funding to upgrade and provide new and advance equipment to SAR teams, especially in developed nations like U.S. and Canada. Countries around the world have been aggressive in terms of technological developments and research for search and rescue equipment and are diverting huge funds for SAR operations. For instance, the USD 34.2 million agreement, a joint effort of U.S. Department of Homeland Security (DHS) and the Federal Emergency Management Agency (FEMA), is to help ensure the 28 US&R task forces are adequately equipped to perform effective disaster incident response. Similarly, Government of Canada announces $2.1 million to enhance search and rescue capabilities for people living with dementia. Thus, increase in the expenditure and focus on emergency lifesaving equipment is one of the key factors fueling the demand of region’s search and rescue equipment market.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the market include Honeywell International Inc., Rockwell Collins Inc., Textron Systems, General Dynamics Corporation, Raytheon Company, Leonardo S.P.A., Thales Group, Elbit Systems Ltd., Cubic Corporation, and Garmin Ltd.
“Global SAR Equipment Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Equipment (Rescue Equipment, Search Equipment, Communication Equipment, Technical Equipment, Medical Equipment, Logistics Equipment, and Planning Equipment)
2. By Platform (Airborne, Marine, and Ground-based)
3. By Application (Combat SAR and Urban SAR)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Honeywell International Inc., Rockwell Collins Inc., Textron Systems, General Dynamics Corporation, Raytheon Company, Leonardo S.P.A., Thales Group, Elbit Systems Ltd., Cubic Corporation, and Garmin Ltd)
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Key questions answered in the study:
1. What are the current and future trends of the global SAR Equipment industry?
2. How the industry has been evolving in terms of material type, sales channel, and vehicle type?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global SAR Equipment industry?
5. What is the customer orientation, purchase behavior, and expectations from the global SAR Equipment suppliers across various region and countries?
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