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SEARCH AND RESCUE (SAR) EQUIPMENT MARKET OVERVIEW
The SAR Equipment Market Size was US$ 2104.48 Mn in 2023 and is projected to touch US$ 2280.51 Mn By 2032, Exhibiting a CAGR of 0.81% During the Forecast Period.
The SAR equipment market is growing at a high rate with the increased occurrence of natural disasters, better maritime activities, and advancements in technology. For example, SAR equipment is highly valued for identification and rescue operations for distress people from remote wilderness to sea locations and even to the urban disaster-affected zones. Market is diversified into different categories of equipment, location devices, communication systems, medical supplies, and other specialized vehicles designed to work under challenging conditions.
This has called for more robust SAR capabilities across the globe due to increasing instances of extreme weather conditions and related natural catastrophes. Increased international trade and tourism have also increased maritime activities; hence, demand will significantly increase for such equipment by navies for highly advanced SAR operations. AI and IoT will enhance efficiency and effectiveness in rescue missions while pushing the market growth further through technological advancements in SAR operations.
COVID 19 IMPACT:GLOBAL CRISIS IMPACTING THE SAR EQUIPMENT MARKET
"The SAR equipment industry both faced the adverse impacts and the benefits of the increased demands for emergency response arising from the COVID 19"
Global COVID-19 Pandemic and Its Impact on the SAR Equipment Market The global COVID-19 pandemic is unprecedented and staggering, with the market experiencing lower-than-expected demand across all regions compared to pre-pandemic levels. The rapid growth of the market reflected by the increase in CAGR is due to the fact that the market's growth and demand have recovered to pre-pandemic levels.
The impact of the SAR equipment market during the COVID-19 pandemic differs for different regions. The pandemic increased the demand for emergency response capabilities, especially within cities, thus increasing the requirement for some SAR products. Most SAR teams have been used to address emergencies brought about by COVID-19 and underlined a real need for response units that were appropriately equipped. Conversely, the lockdown placed pressure on the global supply chain, particularly in the manufacturing and delivery of SAR equipment. Lockdowns and movement restrictions also curtailed SAR operations and training in some areas, thereby slowing the market growth of some industries by a short period.
RECENT TREND
"Integration Of Advanced Technologies To Enhance Sar Operations"
Thermal imaging drones with AI-based image recognition increase the accuracy level of locating distressed persons. IoT-enabled devices enable rescue teams to have real-time location and vitals data, thus improving coordination. Augmented reality, or AR in smart glasses, helps enhance situational awareness through layering critical information over the view of the real world by the rescuers. These technological inventions, therefore, translate to a competitive advantage for the manufacturers, which enhances technological inventions that increase the success probability in search and rescue.
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SEARCH AND RESCUE (SAR) EQUIPMENT MARKET SEGMENTATION
BY EQUIPMENT TYPE
Based on equipment type the global market classified as Location equipment, rescue equipment, medical equipment, and others
- Location equipment: Location equipment comprises locating devices used during emergency situations, such as GPS track points, ELTs, and PLBs.
- Rescue equipment: This is another kind under the SAR category, which encompasses equipment and automobiles used in the operations. Some of them include helicopters, rescue boats, four-wheelers, and special climbing equipment.
- Medic equipment: First aid kits, portable defibrillators, and all emergency medical supplies required in the administration of first aid treatment to a rescued person at the site.
- Other: Other ranges consist of the majority of the auxiliary equipment such as communication systems and detection materials together with personal protective attire for the SAR personnel.
BY APPLICATION
Based on application the Global market categorized as combat SAR, maritime SAR, land-based SAR, and airborne SAR.
- Combat SAR Sector Origins: The sector comes from combat equipment used in recovery techniques to recover personnel when hostile settings emerge in battles. This sector is on the growth trajectory due to recent priorities placed on soldier safety and having fast extraction techniques available in the battle.
- Maritime SAR: Maritime SAR equipment is used for rescue operations at sea. The segment is growing rapidly because maritime trade and recreation activities are rising at a very high pace.
- Ground SAR: It refers to the equipment that should be used during rescue operations in wilderness, urban areas, and other disaster-affected regions. In general, demand for multi-use equipment that can function on different grounds is motivating innovation in this area.
- Airborne SAR: Airborne SAR systems are utilized for airborne SAR operations. This is a highly developing space, primarily regarding drone and helicopter-based systems in equipping with advanced sensors and image processing technologies.
MARKET DYNAMICS
Market dynamics include driving and restraining factors, opportunities, and challenges explaining the state of the market.
DRIVING FACTORS
"Increasing Natural Disasters To Positively Influence The Market"
The growth factors of the increasing natural disasters globally have helped pose an increase in the SAR equipment market share. Simple effects of climate change like hurricanes, floods, and wildfires are growing exponentially and, therefore, increase the requirement for more potent SAR capabilities. This is the major reason why governments and organizations have emphasized the importance of advanced SAR equipment, thereby increasing the growth of this market.
"Advancements In Technology Of SAR Devices"
Market growth is further encouraged by the rapid progression of technology. Innovations in areas like AI, drone technologies, and satellite communications are able to develop the functionality of SAR devices. Technologies that have this kind of functionality hasten rescue processes while increasing their precision and, therefore, chances of rescue success. For this reason, there is a great need for advanced SAR solutions in the market.
RESTRAINING FACTOR
"Advanced SAR Equipment Puts High Investment Requires to Halt the Advancement of Prospect"
The latest SAR technologies are highly capital-intensive; this is an essential constraint in the development of SAR equipment market. A high price is attached to the advanced SAR equipment, which includes advanced helicopters and maritime vessels or AI-enabled equipment. It therefore acts as a deterrent towards adoption, particularly to developing countries or regions that have a low budget for emergency services. This kind of high price is a deterrent not only in the development of opening purchase orders but is also inciting an increase in maintenance and training expenses and risks slowing down market growth in segments or regions
OPPORTUNITY
"Growing Maritime Activities to Offer Opportunities to SAR Equipment Market"
Opportunities for the SAR equipment market will be greatly increased by increased global maritime trade and rising offshore activities. Advanced Maritime SAR capabilities are progressively in growing demand because the increasing busyness of shipping lanes and greater scope for offshore energy exploration increase needs for special maritime SAR equipment, such as rescue vessels, life-saving appliances, and advanced communication systems. These include equipment for SAR that could be developed to work in hostile waters, as an example, in Arctic waters with more new shipping routes opening up due to climatic change taking full effect.
CHALLENGE
"Complexity of SAR operations in different environments may be a potential challenge to equipment manufacturers"
One of the principal challenges of the SAR equipment market is that the equipment must be able to operate productively in a vast range of environments that sometimes are extreme. Indeed, SAR activities may be conducted in several environments: those areas that may be as densely urbanized as a setup, to the remote wilderness areas, open seas, and mountainous peaks. Each environment may present unique challenges for the SAR equipment. This would imply that the equipment manufacturers would need to design rugged and flexible equipment that will successfully work in a variety of conditions. The interoperability of various types of SAR equipment within different organizations and countries adds one more dimension of complexity, which poses a significant challenge to equipment manufacturers to meet these diverse requirements cost-effectively and hence affects market growth.
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SEARCH AND RESCUE (SAR) EQUIPMENT MARKET REGIONAL INSIGHTS
NORTH AMERICA
North America is the most important regional market in the world regarding SAR equipment. It has been the prime for the growth of markets in the United States. The region's market is highly adopting advanced technologies in SAR operations, and there is also considerable government investment in emergency response capabilities. United States SAR Equipment Market This region would be more primarily focused on the development of multifunctional SAR equipment, which helps rescue people trapped in cases of natural disasters and maritime rescues. AI and IoT will also be more integrated into SAR equipment in this region, where many U.S.-based companies are busy charting innovations.
EUROPE
SAR equipment in Europe has a significant share in the world, considering the strict safety regulations and well-developed SAR infrastructure in the region. Maritime SAR equipment has countries with a long coastline as prime leaders, such as the UK, Norway, and Italy. An increase in airborne SAR capabilities in the region is seen mainly in the form of highly advanced search and rescue helicopters. Increased cross-border cooperation, particularly for SAR operations in the European Union, is also seen, further increasing the demand for interoperable SAR equipment.
ASIA
The Asia-Pacific region is witnessing fast growth in SAR equipment market share. The growth will be accelerated with increasing awareness and government spending in this region toward preparedness for disaster-related events. The market for SAR equipment is also gaining pace in the area with developments taking place in countries like China, Japan, and India. Spending on emergency management and disaster relief equipment in China is increasing. Year-on-year growth over the past few years has been estimated to be around 8-10%. Therefore, spending over the last several years has increased on sophisticated SAR equipment. Thus, spending intensity is more pronounced in the location and communication technologies. Indicators of Domestic Production The area is also experiencing an upsurge of domestic production of SAR equipment. This is aimed at reducing import dependence and improving technological content in the area.
KEY INDUSTRY PLAYERS
"Key Industry Players Moving Innovation Forward and Expanding Market"
Leaders of the pack are cashing in on the SAR equipment market by strategic innovation and expansion. Among the stronger players, for instance, several keep investing more in research and development to come up with the most enhanced and productive SAR technologies. All the more often, more are integrating AI and IoT functionality into their SAR products. They also plan to introduce additional product lines to offer end-to-end solutions in SAR equipment for different scenarios-from disaster response under conditions of urban environment to response under wilderness conditions.
Other than that, these vendors are not hesitant to reach out to government bodies and other international bodies and collaborate for expanded market access. Through the various joint development programs and international SAR exercises, they are presenting their respective technologies while gaining crucial insight into the enhancement of their product lines. A few of them focus on developing cost-effective solutions for emerging markets for broader international accessibility.
LIST OF PRIMARY SEARCH AND RESCUE (SAR) EQUIPMENT COMPANIES
- Honeywell International Inc. (US)
- Thales Group (France)
- General Dynamics Corporation (US)
- Garmin Ltd. (US)
- Raytheon Technologies Corporation (US)
- Leonardo S.p.A. (Italy)
- Airbus SE (Netherlands)
- ACR Electronics, Inc. (US)
- FLIR Systems, Inc. (US)
- Elbit Systems Ltd. (Israel)
KEY INDUSTRY DEVELOPMENT
March 2023: Airbus Helicopters launches the H175M multirole helicopter for the armed forces, as well as SAR-related missions. Designed to deliver top-notch hot/high performance, more advanced avionics, and increased range, it is in strong demand in high-dynamic SAR environments and added complexity environments.
REPORT COVERAGE
The report carries out an overall SWOT analysis and gives insight into future market developments. It observes numerous factors affecting the growth of the market and examines vast categories that may have significant impacts on the future pattern of the market. The analysis further considers the present trends and historical turning points to give a complete view of the market's constituents and describe growing areas.
In addition to the increasing experiences of disasters and new technologies, the growth in maritime activities will also facilitate the development of the search and rescue equipment market. Despite the complexities and high cost of versatile equipment development, the criticality of this operation calls for continued investment in innovation in this sector. Evolution and expansion by the leading industry players with technological up gradations and strategic market expansion enhance the competency as well as reach of SAR equipment. Increased innovation and acceptance compounded with growing awareness for stronger emergency response systems in the world, SAR equipment market is expected to grow.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2104.48 Million in 2023 |
Market Size Value By |
US$ 2280.51 Million by 2032 |
Growth Rate |
CAGR of 0.81% from 2023 to 2032 |
Forecast Period |
2032 |
Base Year |
2023 |
Historical Data Available |
2019-2022 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
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What would be the size of the search and rescue equipment market in 2032?
The global search and rescue (SAR) equipment market is going to reach USD 2280.51 Mn by 2032.
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What CAGR is the search and rescue (SAR) equipment market expected to show by 2032?
The SAR equipment market is going to reflect a CAGR of 0.81% by 2032.
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What factors are driving the search and rescue (SAR) equipment market?
The rising instances of natural disasters will lead to an increase in the market, along with technological innovations in SAR equipment, fueling market growth.
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What are the types of market segmentation of search and rescue (SAR) equipment?
The three types of type of equipment comprise location equipment, rescue equipment, medical equipment, and others. The applications through which the market can be segregated include combat SAR, maritime SAR, land-based SAR, and airborne SAR.