The global search and rescue equipment (SAR) market size accounted for USD 109 million in 2024 and is expected to exceed around USD 159.80 million by 2034, growing at a CAGR of 3.9% from 2024 to 2034.
The search and rescue equipment market is a crucial branch of the machinery and equipment industry. This industry deals in the manufacturing and distribution of advanced instruments for locating and assisting people during emergency situations. Numerous products have been developed in this industry, including rescue equipment, search equipment, communication equipment, technical equipment, logistics equipment, and others. The growing investments in lifesaving equipment by the defense sector have boosted the market growth. This market is expected to rise significantly with the growth of the aerospace and defense industry across the globe.
The rise in the number of natural disaster activities, along with technological advancements in the aerospace and defense sector, has boosted the market growth. Also, the rising government investment in SAR equipment coupled with growing activities of terrorism and insurgencies in several nations is crucial for industrial expansion. Moreover, the increased emphasis on human safety, as well as the rapid adoption of airborne SAR platforms, is expected to propel the growth of the search and rescue equipment market. Technological advancements in drone technology, along with the rising adoption of commercial SAR services, are expected to create ample growth opportunities for market players in the future.
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| Stats ID: | 7592 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7592 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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