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Search and Rescue (SAR) Equipment Market Set to Total USD 157 Million by 2034 Amid Rising Aging Population Across the Globe | Future Market Insights Inc.

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The SAR equipment market is expanding due to governments’ efforts to modernize and upgrade search and rescue tools. This growth is further driven by increased funding for military and defense sectors, as well as disaster preparedness initiatives. These factors are collectively enhancing the capabilities and effectiveness of SAR operations.

NEWARK, Del., June 20, 2024 /PRNewswire/ — The search and rescue equipment market size is estimated to reach USD 108.2 million in 2024 and grow at a CAGR of 3.8% from 2024 to 2034. Global sales of the equipment are projected to reach USD 157 million by 2034. This increased demand is driven by the transition from traditional lighting to solid-state lighting systems in displays.

Asia Pacific is anticipated to remain the primary market for SAR equipment fueled by its robust manufacturing base and technological prowess. South Korea is estimated to lead the industry with a predicted CAGR of 6% through 2034, while Japan closely follows with an estimated CAGR of 5.4% until 2034.

Land was the leading platform in the industry due to the ease of navigation. In 2023, the land segment accounted for a value share of 43%. Communication dominated the industry based on equipment, holding a market share of 47% in 2023.

The SAR equipment sector is shaped in large part by government financing. With the help of these financial resources, SAR teams will be able to buy cutting-edge technology, directly boosting the market for SAR equipment and increasing demand for high-caliber equipment.

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The development of equipment for specific habitats and landscapes, such as mountains, aquatic bodies, or urban disaster zones, is set to be encouraged by funding designated toward equipment for unique challenges faced by certain geographical places. Robots with artificial intelligence (AI) capabilities can be used in dangerous situations to find survivors, evaluate damage, or transport necessities. AI-enabled drones can cover wide search regions and provide vital information back to the command center, saving time and reducing the chance that people will be exposed to dangerous locations

Innovation and investment in the infrastructure of SAR equipment are expected to be fueled by public and private collaborations between government agencies, nonprofits, and private businesses. In order to keep a firm grip on the market, top companies in the SAR equipment sector are continuously acquiring and partnering with other businesses, leading to a noticeable trend of mergers and acquisitions in the sector. In an effort to innovate and improve the SAR equipment market’s effectiveness and efficiency, companies are continuously spending on research and development. The market for SAR equipment is expected to increase steadily over the next ten years.

Key Takeaways from the Market Report

The SAR market is set to reach USD 157 million by 2034 with a CAGR of 3.8%.By platform, land is leading the global market with a value share of 43% in 2023.Based on equipment, communications accounted for a market share of 47% in 2023.South Korea is estimated to record a CAGR of 6% between 2034 and 2034.Japan will likely hold the dominant position in the global market and show steady growth at a CAGR of 5.4% by 2034.

“Advancements in AI technology is projected to drive significant innovation leadings. This is anticipated to lead to increased efficiency and effectiveness of SAR equipment,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

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Who’s Winning?

Savox Communications, Shenzhen Hoverstar Flight Technology, Mayday Scandinavian International AB, and other leading businesses are competing for market share in the SAR equipment sector. In the context of the dynamically changing search and rescue (SAR) equipment market, all players are vying for consumer attention.

Manufacturers contest with specialization, innovation, and cost-effectiveness in the dynamic SAR equipment market. They are collaborating with and acquiring start-ups in addition to developing new and enhanced SAR equipment to pool their resources and create cutting-edge SAR solutions. They are also putting more emphasis on certain SAR applications and stressing how crucial practice and training are to successful SAR operations.

Tight certification processes and safety regulations may make it difficult for new competitors to enter the market. In this industry, striking a balance between affordability and superior quality is crucial, particularly in places with limited resources. Businesses are trying to modify their approaches to meet the various rules and specifications of several regions. Technological developments will increase the need for specialist equipment, which are set to further change the market’s competitive environment.

Industry Updates

The National Search and Rescue Center (NSRC), in February 2024, announced that it will be hosting its 3rd Edition of the International Search and Rescue Exhibition (INSRC) 2024, a premier global event focused on featuring cutting-edge innovations and institutional frameworks to advance the field of search and rescue, under the cover of the National Guard Command (NGC).East Sussex Fire and Rescue Service, in May 2024, invited people over the age of 18 to attend a Session, “Have a Go,” at the Eastbourne Fire Station to allow people to gain hands-on experience with tasks and equipment handled by firefighters.

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Get More Insights into the Search and Rescue Equipment Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the search and rescue equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on platform (airborne, marine, and land), type (combat, urban, and industrial), equipment (tactical and military kits, survival, signaling, medical, communications, and others), weight (light-weight SKAD and heavy-weight SKAD), and regions.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation domain. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Key Segments of Market Report:

By Platform:

Based on platform, the SAR equipment sector is divided into airborne, marine, and land.

By Type:

By type, SAR equipment is segregated into combat, urban, and industrial.

By Equipment:

Based on equipment, SAR equipment sector is split into tactical and military kits, survival, signaling, medical, communications, and others.

By Weight:

By weight, the sector is segregated into light-weight SKAD and heavy-weight SKAD.

By Region:

Based on regions, the sector is distributed across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

Authored By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The valuation of the total sales of compact construction equipment in the year 2023 is estimated to be US$ 224.1 billion. The global compact construction equipment market is expected to register a CAGR of 3.8% from 2023 to 2033. Based on the compact construction equipment market analysis report by FMI, it can reach US$ 325.4 billion by 2033.

Sales of mining equipment in Latin America are estimated to be valued at US$ 6,846 million in 2024 amid their growing usage in the construction sector. The industry is projected to surge at a CAGR of 4.7% throughout the forecast period. By 2034, the industry size is set to reach US$ 10,836.9 million.

The global compact power equipment rental market size is anticipated to surpass a valuation of US$ 111,077.4 million in 2023. The expanding market value and a wide range of applications are projected to be the market’s primary growth drivers.

The security and surveillance equipment market is estimated to be valued at USD 19,549.8 million in 2024 and is projected to register a CAGR of 4.8% in the forecast period from 2024 to 2034. The market is projected to reach USD 31,243.2 million in 2034.

The rescue hoist system market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of US$ 845 million by 2033, while the market is likely to reach a value of US$ 581.9 million in 2023.

The global gas detection equipment market size reached USD 3,613.7 million in 2023. Over the forecast period, demand is anticipated to rise at 6% CAGR. The total value is predicted to increase from USD 3,801.1 million in 2024 to USD 6,801.6 million in 2034. The sector is predicted to surge around 1.8X through 2034, amid a 3.5% increase in expected CAGR compared to the historical one.

Commercial refrigeration system market is projected to grow steadily, reaching USD 54.8 billion in 2024. The market is expected to reach USD 87.6 billion by 2034, representing a CAGR of 4.8%.

The global land survey equipment industry value reached USD 6945.9 million in 2023. Over the forecast period, the sector is anticipated to rise at 7.8% CAGR. The sector is predicted to increase from USD 7487.6 million in 2024 to USD 15868.4 million in 2034.

The global construction material testing equipment (CMTE) industry value reached USD 3 billion in 2023. Over the forecast period, the value is anticipated to rise at 4.9% CAGR. The market is predicted to increase from USD 3.3 billion in 2024 to USD 5.3 billion in 2034.

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: 

Future Market Insights Inc.
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BCE reports results of Series AI and AJ preferred share conversions

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MONTRÉAL, July 22, 2026 /CNW/ — BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that all of its floating-rate Cumulative Redeemable First Preferred Shares, Series AJ (“Series AJ Preferred Shares”) will be converted on August 4, 2026, on a one-for-one basis, into fixed-rate Cumulative Redeemable First Preferred Shares, Series AI (“Series AI Preferred Shares”).

On June 16, 2026, notice was provided that holders of Series AI Preferred Shares could elect to convert their shares into Series AJ Preferred Shares and that holders of Series AJ Preferred Shares could elect to convert their shares into Series AI Preferred Shares, subject to the terms and conditions attached to those shares. A total of 1,875 of BCE’s 8,584,140 Series AI Preferred Shares were tendered for conversion on August 4, 2026, on a one-for-one basis, into Series AJ Preferred Shares. In addition, a total of 1,976,448 of BCE’s 3,514,957 Series AJ Preferred Shares were tendered for conversion on August 4, 2026, on a one-for-one basis, into Series AI Preferred Shares. As this would result in there being less than 2,000,000 Series AJ Preferred Shares outstanding, all remaining Series AJ Preferred Shares not tendered for conversion will, as per the terms and conditions attached to those shares, be automatically converted into Series AI Preferred Shares on August 4, 2026.

Registered shareholders who had elected to convert their Series AI Preferred Shares will have the share certificates representing the number of Series AI Preferred Shares tendered for conversion returned to them by TSX Trust Company.

The Series AI Preferred Shares will pay on a quarterly basis, for the five-year period beginning on August 4, 2026, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 5.10%. The Series AI Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.I.

About BCE
BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

1 Based on total revenue and total combined customer connections.

Media inquiries:
Ellen Murphy
media@bell.ca

Investor inquiries:
Krishna Somers
krishna.somers@bell.ca

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SOURCE BCE Inc.

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SpringBrand Launches AI Co-Founder, Giving Sellers a Dedicated AI Agent for Pre-Sale Work

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Sellers bring the expertise; AI helps package the service, guide pricing, and handle initial buyer conversations.

SAN FRANCISCO, July 22, 2026 /PRNewswire/ — SpringBrand, an AI-agent-powered services marketplace, today announced the launch of AI Co-Founder, a seller-side AI agent designed to help people turn their professional skills into structured, fixed-price services. The agent assists with service packaging, pricing guidance, listing creation, buyer intake, scope clarification, and initial qualification, allowing sellers to focus on delivering their expertise.

The launch addresses a friction point familiar to a growing share of the workforce. According to a Bankrate survey, roughly one in four American adults report having a side hustle — but for many more who have considered starting one, the barrier isn’t a lack of skill. It’s the work before the work: packaging an offer, setting a price, writing a listing, and fielding inquiries from buyers who aren’t yet sure what they need.

AI Co-Founder starts by interviewing the seller to surface marketable skills and shapes them into a structured, fixed-price offer ready for the marketplace. Once published, a dedicated AI agent represents the seller to prospective buyers — fielding initial inquiries, clarifying scope, and qualifying fit before the seller is ever involved. On the buyer side, the same agent-driven model applies: buyers describe the outcome they need in plain language, and SpringBrand’s agents match the request against available services and coordinate communication through to delivery. Users approve each step.

“Many people already have knowledge or experience worth selling, but turning that expertise into a clear offer can feel like starting an entirely new business,” said Luhao Zhao, Business Development Manager at SpringBrand. “AI Co-Founder helps handle the operational work around packaging, pricing, and early buyer communication, while the seller retains the judgment, expertise, and responsibility for delivery. We believe services are moving from static listings toward agent-assisted discovery and coordination on both sides of the marketplace.”

The platform can support a wide range of skills and service formats. A home baker could turn a popular recipe into a digital guide or virtual baking class. An office professional known for improving presentations could offer a fixed-price deck review or pitch-deck polish. A student familiar with relocating to a new city could package that experience into a rental preparation checklist or a one-on-one orientation call. In each case, AI Co-Founder helps structure the offer and prepare the listing without requiring the seller to start from a blank page.

SpringBrand is open to sellers now at springbrand.ai. Listing is free on the platform’s base tier, which includes AI-assisted service creation and basic traffic data. During the launch period, SpringBrand is waiving all selling fees and offering its Pro membership — which adds priority ranking in buyer opportunities, advanced analytics, and up to 30 qualified buyer requests per day — at no cost.

About SpringBrand

SpringBrand is an AI-agent-powered services marketplace that helps people package, discover, and purchase clearly defined professional services. Buyers describe the outcomes they need in plain language, while AI agents assist with service matching, scope clarification, and communication between buyers and sellers. SpringBrand was founded in 2026 and is headquartered in San Francisco. For more information, visit springbrand.ai.

Media Contact

Luhao Zhao
BD Manager
SpringBrand AI
support@springbrand.ai

Press Contact:
Luhao Zhao
2542492894
https://springbrand.ai/

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SOURCE SpringBrand

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NSW Community Services Workers Now Accessing Long Service Leave Across Multiple Employers on Appian

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New digital portal already supporting 180,000+ workers with more than $57 million in levy payments processed

SYDNEY, July 23, 2026 /PRNewswire/ — Long Service Corporation (LSC), a New South Wales Government statutory body, has launched a new digital application built on the Appian Platform to help community services workers across the State more easily access long service leave entitlements across multiple employers.

Delivered in partnership with Deloitte, the solution is designed to support workers employed across a broad range of services which look after the wellbeing of individuals and communities across NSW, such as housing and homelessness support, mental health services, and family and domestic violence support. Work in the sector often involves short-term employment contracts, multiple employers, and career breaks, making it difficult to maintain the continuous service traditionally required for long service leave. The new application helps approximately 250,000 workers and their 2,400 employers more easily track and manage their accrued service, ensuring they can access the entitlements they have earned over time.

Since the launch of the Appian-powered Community Services Industry portal in April 2026, more than 5,800 service returns have been submitted by nearly 2,000 employers, representing an approximate 80% completion rate. In the same period, more than 180,000 workers have been nominated into the scheme, enabling them to begin accruing portable long service leave.

LSC has already received over $57 million in levy payments, with total collections projected to exceed $100 million by 1 September 2026, highlighting the scale and momentum of the scheme. These results demonstrate the platform’s rapid impact in streamlining participation and delivering value to employers and workers. Lauren Nagel, Executive Director, LSC, said the application was designed to improve accessibility and reduce administrative complexity for both workers and employers.

“Workers and employers now have dedicated self-service portals and Long Service Corporation can also manage the scheme more efficiently and at scale,” said Nagel. “Using the application, workers and employers can securely interact with LSC through their MyServiceNSW accounts, complete identity verification, receive digital notifications, and manage service return payments online.”

The end-to-end application incorporates multiple NSW Government shared services to provide a streamlined and consistent customer experience. It also enables LSC to reduce manual administration through improved worker matching, guided self-service functionality and greater visibility across employer-worker relationships.

Kal Marshall, Area Vice President for Australia and New Zealand at Appian, said LSC has demonstrated how government agencies can modernise essential community services while improving access for workers.

“Long Service Corporation’s use case highlights how technology can help simplify highly complex administrative processes while improving outcomes for the people who rely on them most,” said Marshall. “For many community services workers, long service leave is a meaningful benefit that can be difficult to access under traditional employment models. By building a streamlined and scalable digital experience, Long Service Corporation is helping ensure workers can more easily receive the entitlements they have earned.”

Deloitte worked closely with LSC to align legislative requirements, operational processes and technical delivery throughout the project.

LSC also uses Appian Process HQ to monitor adoption, compliance and operational performance across the scheme, with future phases expected to include additional case management functionality.

Adam Karasiewicz, Partner, Deloitte, said the project combined legislative expertise with rapid technology delivery to support the rollout of the new scheme within tight timeframes.

“Portable long service leave schemes are highly specialised and require strong alignment between legislation, policy and operational delivery,” said Karasiewicz. “By combining Deloitte’s workplace integrity and policy expertise with Appian’s platform capabilities, we were able to help LSC deliver a secure, accessible and scalable solution quickly.”

About Appian

Appian provides AI automation for mission-critical work. We automate complex processes in large enterprises and governments. Our platform is known for its unique reliability and scale. We’ve been automating processes for more than 25 years and understand enterprise operations like no one else. For more information, visit appian.com. [Nasdaq: APPN]  

Follow Appian: LinkedIn, YouTube, Instagram, Facebook, and X.

About Deloitte

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organisation”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 400,000 people make an impact that matters at www.deloitte.com.

About Long Service Corporation

Long Service Corporation is a NSW Government statutory authority responsible for administering portable long service leave schemes across the building and construction, contract cleaning and community services sectors. www.nsw.gov.au/longservice corporation

 

 

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SOURCE Appian

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