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.

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.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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