World SAR Equipment Market to Post 2.03% CAGR through to 2022, States M&M in Its Topical Research Report Available at MarketPublishers.com15 Sep 2017 • by Natalie Aster
LONDON – Worldwide, the SAR equipment market is anticipated to gain momentum at a 2.03% CAGR going forward to increase to the value of USD 125.66 billion by 2022. The key forces that are likely to stimulate the sector’s growth include, amid others, are greater focus of nations on their citizens’ safety and a hike in terrorist attacks and civil disturbances.
In terms of platforms, ground-based SAR equipment is set to dominate the overall market by 2017. The segment’s growth is owing to the surging need for the delivery of enhanced services during accidents and natural disasters on land and to lend a hand to people in distress situations.
Application-wise, combat SAR equipment is likely to grab the lion’s share of the overall market by 2017. The main drivers of the growth include the surging developments in SAR equipment used in wartime, in and around battlefield, including SAR aircraft like Bell Osprey, advanced mission planning equipment, IR devices, etc. The logistics equipment segment will likely lead the overall SAR equipment market in 2017.
Geography-wise, North America, led by the USA and Canada, is poised to dominate the SAR equipment market in 2017. Factors stimulating the region’s leadership are combat SAR aircraft modernisation programs and surging need for human security in urban districts in the course of disasters and calamities.
Leonardo S.p.A., Rockwell Collins, General Dynamics Corporation, Thales Group, Honeywell International, Textron, and General Dynamics Corporation, amid others, are the prominent players in the marketplace.
New in-demand research report “Search and Rescue (SAR) Equipment Market by Application, Equipment, Platform and Region - Global Forecast to 2022” elaborated by M&M analyses the market, segmenting it on the basis of platform, application and equipment, as well as key regions of the world.
The research gives an all-round evaluation of the market dynamics and identifies the key factors that impact the growth of the SAR equipment market, such as hindrances, drivers, opportunities, and industry challenges, in tandem with evaluating the growth trends in the micro-markets, future outlook, alongside their contribution to the total SAR equipment market. The report offers an all-round market share analysis of the leading players, profiles the leading players, and gives an all-encompassing overview of the competitive scenario. It sheds light on the high-growth regions/countries, and covers their pertinent regulatory policies. Market size estimates are provided for 2015-2016 and projections of the market size are given for 2017-2022.
The complete collection of topical research reports by M&M can be found at its page at MarketPublishers.com.