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Search and Rescue Equipment Market Size, Share, and COVID-19 Impact Analysis, By Platform (Airborne, Marine, and Land), By Type (Combat, Urban and Industrial), By Equipment (Tactical & Military Kits, Survival, Signaling, Medical, Communications, and others), By Weight (Light-Weight SKAD and Heavy-Weight SKAD), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI108220 | Status : UpcomingThe search and rescue (SAR) equipment market refers to the sale of products by organizations, sole proprietors, and partnerships to locate people trapped during search and rescue operations for those hurt in accidents, fires, and other urgent situations. The general search and rescue equipment industry has many sub-fields determined by the terrains specifically.
It is anticipated that rising acts of terrorism and insurgency will fuel the expansion of the search and rescue equipment market. Insurgency is seen as a political movement with a defined objective, whereas terrorism is seen as a way of achieving a political goal. Growing acts of terrorism and insurgency directly destroy property and kill people while indirectly impacting the economy through xenophobia, a decline in tourism, market uncertainty, and a rise in insurance claims. For instance, as per GTI, the number of attacks rose from 4,458 in 2020 to 5,226 in 2021, a 17% increase, largely due to violence in the Sahel region and instability in Afghanistan.
Technology development has become a major trend in the search and rescue equipment market. The way Search and Rescue (SAR) missions are carried out is evolving due to new designs and technologies. Several advancements have been made to searchlights, helmet-mounted displays, cameras, spin prevention technology, and wireless crew communications to find missing individuals more efficiently and safely. For instance, snake robots, drones, Wide-Area Motion Imagery (WAMI) systems, and augmented reality are new technologies introduced in SAR missions.
The key restraining factor for the search and rescue equipment industry is the lack of a skilled workforce which may act as a challenge to the growth of this market. Also, burdens on the government budget or limited spending for search and rescue equipment restrains the Search and Rescue equipment industry growth.
Key Insights:
The report will cover the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the Search and Rescue Equipment Market based on various segments.
- After evaluating economic, social, political, and technological factors affecting the search and rescue equipment industry, the report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, and the Rest of the World in these regions.
Regional Analysis:
North American region has captured the most significant market share in the Search and Rescue Equipment industry due to the increasing government support & budgeting to upgrade and provide technologically advanced equipment to SAR teams. For instance, the White House in US announced over USD Forty billion for rescue plan funds to strengthen and expand their workforce. Asia Pacific region is expected to grow fast in the forecasted period due to the support of regional bodies such as the South Asian Association for Regional Cooperation (SAARC), Asia Pacific Economic Cooperation (APEC), and Pacific Community (SPC).
Key Players Covered:
- LEADER Group
- Agility Technologies Corp
- Mayday Scandinavian International AB
- Shenzhen Hoverstar Flight Technology
- Savox Communications
- Trelleborg Slovenija
- MFC International
- Lighttec India
- Vimpex
- Junkin Safety
- Unique Safety Services
- Elbit Systems
- Others
Search and Rescue Equipment Market Segmentation:
By Platform | By Type | By Equipment | By Weight | By Geography |
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Key Industry Developments:
- In April 2023, DynCorp International LLC got a contract of USD 206.71 million from Naval Air Warfare Center Weapons for aircraft maintenance, systems/subsystems aircrew systems, search-and-rescue equipment, and support equipment for P-3 Orion, C-130 Hercules, E-2D Hawkeye, F/A-18 Hornet, E/A-18 Growler, AV-8B Harrier II, and H-60 Sea Hawk aircraft in support of the Naval Test Wing Atlantic.
- In April 2023, Flathead County Search and Rescue Association (FCSAR) got USD 2670 from their parent company Flathead Electric Cooperative. FCSAR noted that they could fulfill their need for two types of rescue equipment to assist in their many low and medium-angle rescues: a vacuum spine board and rescue litter kit with this budget.
- Global
- 2023
- 2019-2022