Global Search & Rescue Equipment Market is valued at approximately USD x.x billion in 2021 and is anticipated to grow with a healthy growth rate of more than xx.x % over the forecast period 2022-2028. Search and rescue (SAR) equipment are used to aid search and rescue of people who are in distress or imminent danger. The increasing focus on human safety and growing terrorist activities are the reasons behind the increasing use of Search & Rescue equipment across the forecast period. For Instance: The tech company TELUS has invested $15,000 to upgrade navigation equipment aboard the SAR 14's rescue vessel, including improved sonar capacity and data display from linked equipment such as GPS, radar, and instruments. The sophisticated Raymarine visual navigation technology allows the crew to move in zero visibility fog, providing rescue capabilities that wouldn't otherwise be possible in emergency scenarios. However, high cost of equipment and devices impedes the growth of the market over the forecast period of 2022-2028. Opportunity for Tier-2 Search and Recue Equipment Manufacturer may boost the Global Search & Rescue Equipment Market in the forecast period.
The key regions considered for the Global Search And Rescue Equipment Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share 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 to locate survivors during rescue operations. Whereas, Asia-Pacific and Europe arealso anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as, rapid modernization and upgradation of search and rescue equipment by governments of various countries in these regions would create lucrative growth prospects for the Search And Rescue equipment market across Asia-Pacific & European regions.
Major market players included in this report are:
General Dynamics Corporation
ACR Electronics, Inc.
Honeywell International Inc.
Elbit Systems Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Search And Rescue Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers