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Search and Rescue Drone Market Share Growing with a CAGR of 13.6% to Reach US$ 11.6 Billion by 2033

06-21-2023 07:34 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Search and Rescue Drone Market Share Growing with a CAGR of 13.6%

The market for search and rescue drones is predicted to grow from US$ 3,254.4 million in 2023 to US$ 11,648.1 million in 2033, with a CAGR of about 13.6%. In 2023, the drone market is projected to rise at a CAGR of 17.6% and reach a global estimated value of $33.9 billion.

Additionally, by 2023, there will be about 7.6 million drone sales worldwide, while there will be 729.6 thousand search and rescue drones. Sales of search and rescue drones made up roughly 10% of the global drone industry in 2022.

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How U.S Search and Rescue Drone Market will Grow over the Forecast Period?

The people who operate in emergency rescue and medical services are called emergency service providers. At the scene of an accident, a number of service providers offer medical aid or services. These service providers become quite active during times of conflict, when managing natural disasters, etc.

In order to be ready for any emergency circumstance, service provider firms must maintain a stock of all necessary equipment, including search and rescue drones. To offer the greatest care to the victims/patients, emergency medical service and fire rescue service elements should coordinate their efforts.

There are a lot of these organisations and private businesses in the US region. Additionally, the nation makes extensive use of drone technology. Since the U.S. will provide a valuation of US$ 858.4 million in 2023, it is expected to rise at an amazing CAGR of 10.9%.

Competitive Landscape

Due to advancements in sensor technology, drones can now fly higher and farther, providing a clearer picture of inaccessible locations. Additionally, they will feature more robust cameras and sensors, allowing them to acquire more thorough information regarding potential victims and threats.

Fact.MR predicts that as drone technology develops, search and rescue organisations will rely more and more on these versatile and life-saving tools. To increase profitability, manufacturers will also turn to similar advances. Additionally, industry players are creating autonomous technology to prevent human errors while integrating the best sensors and cameras for more effective operation.

Key Companies Profiled
• Aerialtronics
• C-Astral d.o.o.
• DJI
• Draganfly
• Drone USA Inc.
• DSLRPros
• HPDRONES
• Mavtech
• Skyfront
• UAV Solutions, Inc

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How Utilization of search and rescue drone during emergencies to provide constant growth of the market?

Emergency responders are increasingly looking for drones that can be used for search and rescue in all kinds of emergencies. These drones are designed to provide aerial support to ground forces searching for the locations of the injured and missing.

The team can rely on UAVs for search and rescue missions while other team members employ more conventional search techniques or provide assistance elsewhere. The drone's sensors and cameras allow it to quickly and accurately scan large areas, making it ideal for search operations.

When combined with GPS monitoring, drones can even steer rescuers in the appropriate direction. When disasters or other events put people's lives or livelihoods in peril, responders need information and real-time photos so they can act more quickly and sensibly. All these advantages will result in a significant expansion of the SAR drone market.

Search and Rescue Drone Market: Segmentation
• By Product Type :
o Fixed Wing
o Rotary
o Hybrid Wing
• By Drone Type :
o Consumer/Civil
o Commercial
o Military
• By End-User :
o Police & Homeland Security
o Fire Departments
o Healthcare / EMS
o Defense
o Disaster Management
o Others
• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia and Oceania
o Middle East & Africa

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The key business strategies discussed in this market research revolve around-

• How key players in the Search and Rescue Drone market are maintaining their competitive advantage in the wake of globalization?
• What changing dynamics in the Search and Rescue Drone industry specify about the future opportunities for manufacturers?
• How Covid-19 pandemic affected sales in the Search and Rescue Drone market and what strategies are expected to recover from its impact?
• What business tactics are gaining attention and influencing Search and Rescue Drone market rivalry?
• What is the current Search and Rescue Drone market share?

Check out more related studies published by Fact.MR Research:

https://www.newswire.co.kr/newsRead.php?no=944246
https://www.newswire.co.kr/newsRead.php?no=944248

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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