Home > Aerospace & Defense > Aviation Technology > Search and Rescue (SAR) Equipment Market
Search and Rescue equipment market size was valued at over USD 100 million in 2022 and is anticipated to grow at a CAGR of over 3.5% between 2023 and 2032. The increased government and military investments in SAR equipment are driving market growth.
Government fundings are encouraging research and technological breakthroughs in SAR equipment, resulting in more effective & efficient products. It has also expanded the market by creating a consistent demand for high-quality equipment. Government and military contracts provide a consistent revenue stream for SAR equipment producers, encouraging the industry participants to engage in R&D. As a result, product quality and diversification will improve, appealing to a broader customer base beyond the public sector. For instance, in April 2023, The Naval Air Warfare Center Weapons granted a USD-206.71-million contract to DynCorp International LLC for aircraft maintenance, SAR equipment, and support equipment for the 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.
SAR equipment refers to specialized tools and gear designed to aid in the location, retrieval, and assistance of individuals in distress or emergency situations. The resources include GPS devices, life vests, medical supplies, communication devices, and specialized vehicles or aircraft. SAR equipment is essential for first responders, military personnel, and organizations involved in search & rescue missions to save lives and help during critical situations.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Search and Rescue Equipment Market Size in 2022: | USD 116.4 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 3.5% |
2032 Value Projection: | USD 160 Million |
Historical Data for: | 2018 - 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 275 |
Segments covered: | Equipment, type, and platform & region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Rugged and challenging environments pose substantial challenges to the Search and Rescue (SAR) Equipment industry. SAR operations are frequently conducted in tough environments such as distant wilderness areas, extreme weather, or disaster-stricken locations. The equipment utilized must be able to survive these circumstances, which necessitates excellent durability and dependability. Creating SAR equipment that meets these needs can be expensive and technically difficult. The weight and mass of ruggedized equipment may hinder mobility and response times, reducing the effectiveness of search & rescue efforts. Addressing these environmental limits is a major challenge for SAR equipment makers, restricting the market potential for growth and innovations.
The COVID-19 pandemic disrupted the search and rescue equipment market in multiple ways. Initially, supply chain disruptions caused shortages of vital SAR equipment, delaying the response times during emergencies. International partnerships in SAR initiatives were hampered by travel constraints, limiting the transmission of best practices and resources. The decreased government finances owing to pandemic-related expenses impacted the funding for SAR equipment acquisition and maintenance. As a result, the SAR Equipment market struggled to meet first responder needs, endangering the efficacy of rescue missions.
SAR equipment is evolving with the integration of GPS tracking, drones, and enhanced communication tools. GPS enables precise location tracking, while drones offer aerial reconnaissance and remote access to challenging terrains. Improved communication tools ensure better coordination among rescue teams, enhancing the chances of successful missions. SAR equipment is increasingly being constructed with environment-friendly materials and energy-efficient technologies to reduce its environmental impacts. This transition corresponds to the increased emphasis on sustainability and environmental conservation.
SAR equipment is being integrated with data analytics and real-time information sharing, enabling better decision-making and improved coordination during operations. This enhances the overall efficiency and effectiveness of search & rescue missions.
Based on equipment, the market is segmented into tactical & military kits, survival, signaling, medical, and communication. The communication segment dominated the market with a share of over 22% in 2022.
Based on platform, the search and rescue equipment market is divided into land, marine, and airborne. The land segment is anticipated to register a CAGR of over 4% by 2032.
North America dominated the global search and rescue equipment market with a share of over 30% in 2022. The region experiences natural disasters, such as hurricanes, wildfires, and snowstorms, necessitating robust SAR capabilities. Governments and agencies in North America are increasingly investing in the modernization & upgrading of SAR equipment to improve response times and effectiveness. The strong emphasis on R&D, coupled with public-private collaborations, has resulted in innovative and advanced SAR technologies. Lastly, the growing awareness about the importance of SAR operations in saving lives and property has led to increased funding and market progress in the region.
The players in the Search and Rescue (SAR) equipment market focus on implementing different growth strategies to strengthen their offerings and expand the market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the SAR Equipment industry. The major players operating in the search and rescue equipment industry are:
Click here to Buy Section of this Report
Search and Rescue (SAR) Equipment Market, By Equipment, 2018 – 2032
Search and Rescue (SAR) Equipment Market, By Type, 2018 – 2032
Search and Rescue (SAR) Equipment Market, By Platform, 2018 - 2032
The above information is provided for the following regions and countries: