Increase in the search and rescue operations and rapid up gradation of search and rescue equipment by government of various countries are major factors boosting the demand of the search and rescue equipment market for the forecast period.
Based on equipment, the market is segmented into search equipment, medical equipment, technical equipment, planning equipment, communication equipment and others. In 2016, among the various equipment, communication equipment segment dominated the market followed by search equipment. In addition, search equipment is expected to grow at the highest rate for the coming years. Increase in the focus on the safety of human is one of the key factor driving the demand of search equipment segment in search and equipment market during the forecast period of 2017 – 2025. The search equipment is further being segmented into sonar, radar, camera and beacons. The communication equipment is further being segmented into transponders, repeaters, telecommunication equipment and portables radios.
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Based on application, the market is segmented into combat search and rescue and urban search and rescue. In 2016, urban search and rescue segment dominated the market followed by combat search and rescue and the scenario is anticipated to be the same in the coming years. Increase in the use of search and rescue equipment in urban search and rescue segment is major key factor for the segment. In the urban segment the search and rescue equipment is mostly used to extricate, locate and to provide medical attention to victims stuck during natural calamities.
Based on platform, the market is segmented into land, airborne and naval. In 2016, the land segment dominated the market followed by airborne and this segment is anticipated to be dominant in the coming years. Increase in the expenditure and focus on emergency lifesaving equipment is one of the key factor fueling the demand of search and rescue equipment market for the forecast period of 2017 – 2025. The land segment is further being segmented into unmanned ground vehicles (UGVs), ambulances and fire & rescue vehicles. The airborne segment is further being segmented into rotary wing, fixed wing and unmanned aerial vehicles (UAVs). The naval segment is further being segmented into remotely operated underwater vehicles (ROVS), autonomous underwater vehicles (AUVS), life rafts, amphibious crafts and special boat unit (SBU) crafts.
The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America was slated to be the key market followed by Europe. In 2016, the U.S. was the major market for North America as well as globally. Increase in the demand of the search and rescue equipment is one of the major factor driving The U.S. and Canada in the forecast period. Asia Pacific is expected to grow at the highest CAGR for the forecast period. In 2016, China is expected to be the major market for the search and rescue equipment market in Asia Pacific region. India is expected to grow at the highest CAGR for the forecast period in Asia Pacific region. Rapid modernization and up gradation of rescue and search equipment is one of the key factor boosting the demand of the market in Asia Pacific region. Europe is expected to grow at a healthy rate for the forecast period. The U.K. is expected to be the key market for the Europe search and rescue equipment market for the forecast period of 2017 – 2025.
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Rising terrorism and insurgencies is one of the key factor fueling the demand of Europe search and rescue equipment market. Middle East and Africa is expected to grow at a healthy rate. UAE and Saudi Arabia is expected to be the key markets for the Middle East and Africa region for the forecast period. Increase in the demand to develop safety equipment is major factor driving the market for the search and rescue equipment market in Middle East and Africa region. Brazil is expected to be the major market for the Latin America region. Increase in the number if search and rescue operations is major driver driving the market for the search and rescue equipment market for the forecast period of 2017 -2025.
The major players in the Search and Rescue Equipment market are General Dynamics Corporation (United States), Elbit Systems (Israel), Honeywell International Inc. (United States), Raytheon Company (United States), Leonardo S.p.A (Italy), Thales Group (France), Textron Systems (United States), Cubic Corporation (United States), Aeromarine SRT (United States) and Garmin Ltd. (Switzerland) among others.
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