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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.