Global Search and Rescue (SAR) Equipment Market to Reach $130.1 Billion by 2026

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Search and Rescue (SAR) Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 4838
Companies: 46 - Players covered include ACR Electronics, Inc.; Aeromarine Srt; Cubic Corporation; Elbit Systems Ltd.; Garmin Ltd.; General Dynamics Corporation; Honeywell International, Inc.; Leonardo SpA; Raytheon Company; Rockwell Collins, Inc.; Textron Systems Corporation; Thales Group and Others.
Coverage: All major geographies and key segments
Segments: Equipment (Rescue, Search, Communication, Logistics, Other Equipment); Platform (Airborne, Marine, Ground-Based)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Search and Rescue (SAR) Equipment Market to Reach $130.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Search and Rescue (SAR) Equipment estimated at US$114.9 Billion in the year 2020, is projected to reach a revised size of US$130.1 Billion by 2026, growing at a CAGR of 2% over the analysis period. Rescue, one of the segments analyzed in the report, is projected to record a 1.7% CAGR and reach US$31.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Search segment is readjusted to a revised 1.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $34.7 Billion in 2021, While China is Forecast to Reach $22.9 Billion by 2026
The Search and Rescue (SAR) Equipment market in the U.S. is estimated at US$34.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.9 Billion by the year 2026 trailing a CAGR of 1.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 1.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Communication Segment to Reach US$20.1 Billion by the year 2026
In the global Communication segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.1 Billion in the year 2020 will reach a projected size of US$16.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.