April 2025
The search and rescue vehicle market is expected to grow from USD 2.48 billion in 2025 to USD 3.5 billion by 2034, with a CAGR of 3.95% throughout the forecast period from 2025 to 2034.
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The search and rescue vehicle market is a crucial branch of the automotive industry. This industry deals in developing special emergency vehicles used for finding and rescuing people during tough situations. There are various types of vehicles used in this sector comprising of rescue equipment, search equipment, communication equipment, technical equipment, medical equipment, logistics equipment, planning equipment and others. These equipment are available in several platforms including airborne, marine and ground-based. The growing cases of road accidents in different parts of the world has boosted the industrial expansion. This market is expected to rise significantly with the growth of the advanced machinery sector around the globe.
On August 2024, Robert Prucka, the faculty lead on Deep Orange 15 made an announcement stating that, “Our Deep Orange students collaborated across an 18-month period to develop this autonomous, high-speed, off-road relief vehicle from the ground up,” Prucka, the Alan Kulwicki Professor of Motorsports Engineering, said in the news release. “Getting the opportunity to show our work and research at the GVSETS symposium provides our students with an understanding of the significance of these new technologies and the opportunity they are receiving from being a part of the Deep Orange program.”
The search and rescue vehicle market is a consolidated industry with the presence of a few dominant players. Some of the prominent players in this industry consists of Acr Electronics, Inc, Aeromarine Srt, Cubic Corporation, Elbit Systems Ltd., Garmin Ltd., General Dynamics Corporation., Honeywell International Inc. and some others. These companies are constantly engaged in developing high-quality search and rescue vehicles and adopting various strategies to maintain their dominant position in this industry.
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April 2025
April 2025
April 2025
April 2025
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