Search And Rescue Equipment Market Report 2023-2032: Market Size, Growth Drivers And Key Trends

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Search And Rescue Equipment Global Market Report 2023 identifies Increasing terrorism and insurgency as the major driver for the Search And Rescue Equipment market's growth in the forecast period. Terrorism is viewed as a means of achieving a political goal, whereas insurgency is a political movement with a clear political objective. Increasing terrorism and insurgency directly cause economic destruction of property and lives and indirectly affect the economy through xenophobia, loss of tourism, creating market uncertainty, and increased insurance claims. For instance, according to Center for Strategic and International Studies, a US-based NGO, there were nearly 73 terrorist attacks and plots in the United States in 2021.

The global search and rescue (sar) equipment market size grew from $82.69 billion in 2022 to $87.45 billion in 2023 at a compound annual growth rate (CAGR) of 5.8% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global search and rescue (sar) equipment is expected to grow to $106.48 billion in 2027 at a CAGR of 5.0%.

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Major competitors in the Search And Rescue Equipment market are ACR Electronics Inc., Aeromarine SRT, Honeywell International Inc., Raytheon Technologies, Airborne Systems North America Inc.

A key trend in the Search And Rescue Equipment market includes Technological advancements. For enhanced flexibility in space missions, these AI-based payloads can be reprogrammed and reconfigured as per the specific mission requirements and can facilitate advanced satellite communications. Due to the rise of the new generation of fully flexible satellites, companies are integrating AI tools into Search And Rescue Equipments.

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The Search And Rescue Equipment market is segmented -

• By Equipment: Rescue Equipment, Search Equipment, Communication Equipment, Technical Equipment, Planning Equipment, Other Equipment
• By Platform: Airborne, Marine, Ground-Based
• By Application: Combat SAR, Urban SAR Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Search And Rescue Equipment market.

The Business Research Company's "Global Search And Rescue Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Search And Rescue Equipment Market Include:

1. Executive Summary
2. Search And Rescue (SAR) Equipment Market Characteristics
3. Search And Rescue (SAR) Equipment Market Trends And Strategies
4. Search And Rescue (SAR) Equipment Forwarding Market - Macro Economic Scenario
5. Search And Rescue (SAR) Equipment Market Size And Growth
……
26. Africa Search And Rescue (SAR) Equipment Market
27. Search And Rescue (SAR) Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Search And Rescue (SAR) Equipment Market
29. Search And Rescue (SAR) Equipment Market Future Outlook and Potential Analysis
30. Appendix

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