Search and Rescue Equipments Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Honeywell, Thales Group, General Dynamics, Garmin Ltd.

Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Search and Rescue Equipments Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.2% during the review period (2022 to 2027).

Search and Rescue Equipments Market Overview

Search and Rescue (SAR) equipment is used to locate and rescue people who are in distress or in imminent danger. Search and Rescue Equipments include communication equipment, medical equipment, complementary devices which are intended for the search and rescue system. Search and Rescue Equipments are usually used by non-combat search & rescue and combat search & rescue. The equipment can be segmented into categories like search equipment, rescue equipment, medical equipment, and communication equipment.

The global search and rescue equipment market is expected to expand significantly as a result of increased focus on human safety and increased terrorist activity. However, the burden of government budgets may stifle market growth. Furthermore, a lack of skilled labour may pose a challenge to the search and rescue equipment market. Increased search and rescue operations, as well as rapid upgradation of search and rescue equipment by governments across the globe, are major factors driving demand for the search and rescue equipment market during the forecast period.

Owing to the increasing demand for leading-edge and rapid & effective products even in a densely competitive market, investors are hopeful about the market and there will be more investments in the market. It is expected that the consumption value along with consumption volume will keep on increasing in the next five years.

Who are the Major Players in the Search and Rescue Equipments Market?

The global Search and Rescue Equipments includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Honeywell, Thales Group, General Dynamics Corporation (NYSE:GD), Garmin Ltd. (NYSE:GRMN)., Raytheon Company, Leonardo S.p.a. (Milan:LDO.MI)., Rockwell Collins, FLIR Systems, Textron Systems, Cubic Corporation, Elbit Systems Ltd. (NasdaqGS:ESLT), Teikoku Sen-i Co., Ltd. (Tokyo:3302.T), ACR Electronics, GENETECH Group, Airborne Systems Limited, CMC Rescue and others.

Industry News and Updates:

August 23, 2021 :The U.K. Ministry of Defence (MoD) has selected General Dynamics Mission Systems to provide an additional 30 CTS-6025 Combat Search and Rescue (CSAR) Test Sets via a multi-million-dollar contract. The recent order, executed by General Dynamics Mission Systems’ U.K.-based distributor, Muirhead Aerospace, is based on the success of the 30 units that were delivered last year, bringing the total number of units ordered by the U.K. MoD to 60.

October 13, 2020: Honeywell (NYSE: HON) announced new features to its portfolio of search and rescue software solutions that help countries and emergency response organizations perform rescue operations and track and locate important assets, such as a downed plane or a missing ship.

What are the major Applications, Types, and Regions for the Search and Rescue Equipments Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Combat Search and Rescue


• Non-combat Search and Rescue

By Application, it is segmented into

• Rescue Equipment


• Search Equipment


• Communication Equipment


• Technical Equipment


• Medical Equipment


• Logistics Equipment


• Planning Equipment

By Platform, Search And Rescue Equipments Market Is,

• Airborne


• Marine


• Ground-based

Search and Rescue Equipments Market Regional Analysis

The US market is expected to be $34.7 billion in 2022, while China is expected to reach $22.9 billion by 2027.The market for Search and Rescue (SAR) Equipment in the United States is expected to be worth $34.7 billion by 2022. China, the world's second-largest economy, is expected to reach a market size of US$22.9 billion by 2027, with a CAGR of 1.7 % over the analysis period. Among the other notable geographic markets are Japan and Canada, which are expected to grow at 1.9 % and 1.5 %, respectively, over the analysis period. Germany is expected to grow at a CAGR of around 1.6 % in Europe.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Search and Rescue Equipments Market report scope?

Key Takeaways from this Search and Rescue Equipments Report

• Evaluate Search and Rescue Equipments market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Search and Rescue Equipments market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Search and Rescue Equipments Market is studied from 2017 - 2027.

What is the growth rate of the Search and Rescue Equipments Market?

The Search and Rescue Equipments Market is growing at a CAGR of 4.0% over the next 5 years.

Who are the key players in Search and Rescue Equipments Market?

Honeywell, Thales Group, General Dynamics, Garmin Ltd., Raytheon Company, Leonardo S.P.A., Rockwell Collins, FLIR Systems, Textron Systems, Cubic Corporation, Elbit Systems, Teikoku Sen-i, ACR Electronics, GENETECH Group, Airborne Systems Limited, CMC Rescue and others.

 

What regions does this Search and Rescue Equipments Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Search and Rescue Equipments Market?

Combat Search and Rescue, Non-combat Search and Rescue

 

What are the major end-use applications of Search and Rescue Equipments Market?

Rescue Equipment, Search Equipment, Communication Equipment, Technical Equipment, Medical Equipment, Logistics Equipment, Planning Equipment

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.