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The 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 market 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 market 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 market growth.
The COVID-19 pandemic positively impacted the Search and Rescue equipment Market. This typical COVID-19 viral spread has accelerated the demand for SAR equipment, mostly for hygiene equipment. But also, global supply chain management disruption has delayed technical equipment production, affecting the search and rescue equipment market badly. Also, rules and regulations imposed by the government affected the training activities during the pandemic. Despite these, there was positive demand for the search and rescue market during the COVID-19 pandemic.
The Search and Rescue equipment market is segmented into four types. By platform, it is segmented into airborne, marine, and land. Based on type, this market is divided into combat, urban, and industrial. Based on equipment, this market is fragmented tactical & military kits, survival, signaling, medical, communications, and others. By weight, it is divided into light-weight SKAD and heavy-weight SKAD. From a geographical view, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World.
The report will cover the following key insights:
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North American region has captured the most significant market share in the Search and Rescue Equipment market 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).
The report includes the profiles of key players such as 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 and others.
By Platform | By Type | By Equipment | By Weight | By Geography |
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