Global Marine Search and Rescue Equipment Market Growth (Status and Outlook) 2024-2030

Global Marine Search and Rescue Equipment Market Growth (Status and Outlook) 2024-2030

Product Code:1226527

Published Date: Sep 21,2024

Pages: 124

Region: Global

Category: Machinery & Equipment

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Marine Search and Rescue Equipments include search-and-rescue system, complementary devices intended for search and rescue, communication equipment, medical equipment, etc. This report does not cover transportation equipment such as aircraft and vehicles.

The global Marine Search and Rescue Equipment market size is projected to grow from US$ 1550 million in 2024 to US$ 2063 million in 2030; it is expected to grow at a CAGR of 4.9% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Marine Search and Rescue Equipment Industry Forecast” looks at past sales and reviews total world Marine Search and Rescue Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Search and Rescue Equipment sales for 2023 through 2029. With Marine Search and Rescue Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Search and Rescue Equipment industry.

This Insight Report provides a comprehensive analysis of the global Marine Search and Rescue Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Marine Search and Rescue Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Search and Rescue Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Search and Rescue Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Search and Rescue Equipment.

The equipment categories include:
Rescue Equipment: This includes life-saving tools such as lifeboats, life jackets, and other emergency rescue tools. Rescue equipment is critical as it directly relates to the survival of individuals in distress at sea.

Search Equipment: This category includes radar systems, sonar devices, etc. These tools are used to locate and track missing persons or vessels over vast ocean areas, enhancing the efficiency of search operations.

Communication Equipment: Communication devices ensure real-time coordination and communication between rescue teams and command centers. This includes satellite phones, radios, and data transmission systems, which are crucial for effective rescue operation management.

Medical Equipment: These are devices used to provide emergency medical care and support. They include portable first aid kits and emergency medical equipment designed to address injuries or health issues until more comprehensive medical help is available.

Rescue equipment dominates the global market share, highlighting its critical role in maritime rescue operations. This equipment is essential for providing immediate assistance to individuals in distress. While search, communication, and medical equipment are also important, their market shares are comparatively smaller. The high demand for rescue equipment reflects its direct impact on safety and survival.

The global leading players such as Thales Group, General Dynamics, Garmin Ltd., and Honeywell are prominent players in the maritime search and rescue equipment market. These companies are renowned for their high-quality products and reliable services. However, competition is intensifying as more players enter the market. Notably, Chinese companies like Dongxuan, HYF Huayang, CHINA HARZONE, and FUYUDA are making significant strides, leveraging their innovation and competitive pricing to gain market share. This influx of new manufacturers is driving technological advancements and expanding market options.

North America is the largest consumer of maritime search and rescue equipment, accounting for around 45% of global revenue. This is attributed to extensive maritime activities and high demand for advanced rescue equipment in the region. Europe and Asia-Pacific follow closely, reflecting their growing maritime industries and safety requirements. Other regions, including Latin America and the Middle East & Africa, while having smaller market shares, also show potential for growth due to increased maritime activities and resource exploration.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Search and Rescue Equipment market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Rescue Equipment
    Search Equipment
    Communication Equipment
    Medical Equipment
    Other

Segmentation by Application:
    Coast Guard and Navy
    Voluntary Organizations and Civil

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

Segmentation by Type:
    Rescue Equipment
    Search Equipment
    Communication Equipment
    Medical Equipment
    Other

Segmentation by Application:
    Coast Guard and Navy
    Voluntary Organizations and Civil

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Thales Group
    General Dynamics
    Garmin Ltd.
    Honeywell
    Teledyne FLIR
    Leonardo S.P.A.
    Textron Systems
    Elbit Systems
    ACR Electronics
    Anschütz
    Dongxuan
    HYF Huayang Lifesaving Equipment Manufacturing Co., Ltd
    CHINA HARZONE
    FUYUDA
    Suntor
    Shenzhen Gold Picture King