Search and Rescue (SAR) Equipment Market Size Analysis and Top Companies
The global search and rescue (SAR) equipment market size is projected to surpass around USD 3.33 billion by 2033 from USD 2.27 billion in 2023, expanding at a solid CAGR of 3.92% between 2023 and 2033. The top companies in the search and rescue (SAR) equipment market are Leonardo S.P.A., Textron Systems, General Dynamics Corporation, Garmin LTD., ACR Electronics, Inc, Thales Group, Honeywell International Inc, Cubic Corporation, Elbit Systems Ltd, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 3.33 Billion |
| Market Size in 2023 |
USD 2.27 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 3.92% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Equipment, Application, Platform, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Search and Rescue (SAR) Equipment Key Players
- Leonardo S.P.A.
- Textron Systems
- General Dynamics Corporation
- Garmin LTD.
- ACR Electronics, Inc
- Thales Group
- Honeywell International Inc
- Cubic Corporation
- Elbit Systems Ltd
Latest Announcement by Major Industry Players
- In May 2024, its newest line of purposed-built search and rescue boats at this year’s Fire Department Instructors Conference (FDIC) at the Indiana Convention Center was debuted by a rigid hull inflatable boat manufacturer, Fluid Watercraft to meet the maritime emergency needs of its responder everywhere. Chief executive officer for Fluid Watercraft, Boyd Tomkies, said: “We are very proud of this new line of search and rescue watercraft.”
Recent Developments
- In May 2024, Israel’s leading international humanitarian aid group, Israel, launched an emergency response in Papua New Guinea. The Papua New Guinea Government has expressed fear with the help of heavy search and rescue operations such as a large section of blocked highway and dense jungle terrain.
- In July 2023, Omni Helicopters Guyana, an aviation services provider, announced that it is finished phasing in the Sikorsky S-92A for its search and rescue (SAR) services. The new aircraft replaced the Leonardo AW139 previously utilized to operate search and rescue services across the South American nation.
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