Global Search and Rescue (SAR) Equipment Market Size By Platform (Airborne, Marine, Ground-Based), By Application (Combat SAR, Urban SAR Industrial), By Geographic Scope And Forecast

Search and Rescue (SAR) Equipment Market Size And Forecast

Search and Rescue (SAR) Equipment Market size is valued at USD 123.40 Billion in 2021 and is projected to reach USD 156.98 Billion in 2030, growing at a CAGR of 3.13% from 2023 to 2030.

The development of search and rescue equipment is anticipated to be fueled by rising acts of terrorism and insurgency. Compared to insurgency, a political movement with a clear political objective, terrorism is seen as a tool for achieving political goals. Increased acts of terrorism and insurgency directly destroy property and kill people while also having an indirect negative impact on the economy through xenophobia, a decline in tourism, market instability, and an increase in insurance claims. The Global Search and Rescue (SAR) Equipment Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Global Search and Rescue (SAR) Equipment Market Definition

The market for various equipment types used in search and rescue operations, such as communication and navigational tools, air and sea-based rescue equipment, and ground-based search equipment, is called the Search and Rescue (SAR) Equipment Market. The market is driven by several reasons, including the rising demand for sophisticated and effective SAR equipment, technical improvements in equipment, and the increased necessity for search and rescue operations due to accidents, natural disasters, and other emergencies.

Technology development has become a significant trend in the Search and Rescue (SAR) Equipment Market. The way search and rescue (SAR) missions are carried out is evolving due to new designs and technologies. With the development of searchlights, helmet-mounted displays, cameras, spin prevention technology, wireless crew communications, and other tools, missing people can now be located more quickly and safely.

For instance, the Polycon Next Generation (PNG) wireless ICS extension is a full-duplex mission system that extends communications beyond an airframe at a safe line-of-sight range. It is encrypted and very customizable. Axnes, a Norwegian maker of mission-critical wireless intercom systems designed for SAR teams, unveiled it in October 2020.

Global Search and Rescue (SAR) Equipment Market Overview

The development of search and rescue equipment is anticipated to be fueled by rising acts of terrorism and insurgency. Compared to insurgency, a political movement with a clear political objective, terrorism is seen as a tool for achieving political goals.

Increased acts of terrorism and insurgency directly destroy property and kill people while also having an indirect negative impact on the economy through xenophobia, a decline in tourism, market instability, and an increase in insurance claims. In 2021, for example, there were about 73 terrorist acts and plans in the US, according to the US-based NGO Centre for Strategic and International Studies. Five fatalities were recorded in 2020; in 2021, that number rose to thirty.

Additionally, despite an increase in attacks, the impact of terrorism is still declining, according to Global Terrorism Index 2022, published in ReliefWeb, a US-based humanitarian information portal. Terrorist deaths decreased by 1.2% to 7,142 in 2021, despite increased attacks by 17%. As a result, rising acts of terrorism and insurgency will continue to fuel the expansion of the Search and Rescue (SAR) Equipment Market.

The confrontation between Russia and Ukraine, at least briefly, limited the likelihood of a COVID-19 pandemic-related global economic recovery. Due to the conflict between these two countries, economic sanctions against a number of countries, a rise in commodity prices, and disruptions in the supply chain, prices for goods have risen, which has impacted global markets.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Search and Rescue (SAR) Equipment market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Search and Rescue (SAR) Equipment Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Search and Rescue (SAR) Equipment Market Segmentation Analysis

The Global Search and Rescue (SAR) Equipment Market is Segmented on the Basis of Platform, Application, And Geography.

Search and Rescue (SAR) Equipment Market, By Platform

• Airborne
• Marine
• Ground-Based

Based on Platform, the market is segmented into Airborne, Marine, and Ground-Based. Airborne covers SAR equipment for helicopters and airplanes. Airborne accounted for the largest market share in the global market. Equipment for airborne SAR is frequently employed in military, civilian, and commercial applications where rapid reaction and high mobility are needed. Marine covers SAR equipment used on boats, ships, and other watercraft. Marine SAR equipment is crucial in coastal locations because of frequent accidents and emergencies on the sea. The vehicles, portable equipment, and communication tools utilized by search and rescue teams on the ground are included in this part. For finding and rescuing people in dangerous terrain or isolated regions, ground-based SAR technology is essential.

Search and Rescue (SAR) Equipment Market, By Application

• Combat SAR
• Urban SAR Industrial

Based on Application, the market is segmented into Combat SAR and Urban SAR Industrial. The Urban SAR Industrial accounted for a significant market share in the global market. The Urban SAR tools are used in buildings, tunnels, and other structures. When there is an emergency, such as an earthquake, fire, or terrorist attack, urban SAR equipment is essential. Combat SAR is SAR equipment used in military operations. Military troops can be located and saved using combat SAR equipment in challenging areas like battle zones.

Search and Rescue (SAR) Equipment Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geography, the global Search and Rescue (SAR) Equipment Market is classified into Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. North America accounted for the highest market share in the global Search and Rescue (SAR) Equipment Market in 2021. The need for Search and Rescue (SAR) Equipment is overgrowing due to the increased demand for effective SAR operations in emergencies such as natural disasters, marine mishaps, and military activities. SAR equipment is made up of various items used to find and save people who are in trouble, including communication tools, search and rescue tools, medical equipment, and other things.

Key Players

The “global Search and Rescue (SAR) Equipment Market” includes some of the major players of the industry Honeywell International Inc., General Dynamics Corporation, Textron Inc., BAE Systems plc, Lockheed Martin Corporation, Raytheon Technologies Corporation, Leonardo S.p.A., Thales Group, Elbit Systems Ltd., FLIR Systems, Inc., Garmin Ltd., Cobham plc, CMC Rescue, Inc., Esterline Technologies Corporation, Drägerwerk AG & Co. KGaA.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Howe & Howe Technologies is a top designer and manufacturer of autonomous ground vehicles and cutting-edge robotic systems for military, law enforcement, and civilian uses. In August 2021, Textron Systems, a division of Textron Inc., announced the acquisition of Howe & Howe Technologies.
• In a cash and equity deal valued at around $8 billion in June 2021, Teledyne Technologies purchased FLIR Systems, a thermal imaging, and sensing technology provider, from FLIR Systems. Teledyne Technologies manufactures instrumentation, digital imaging, aerospace, and defense electronics.
• L3Harris Technologies, a major manufacturer of aerospace and defense products, purchased Flight Data Systems in March 2021. This firm supplied the aviation sector with flight data recorders as well as a range of related services.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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