South Korea Offshore Search and Rescue Equipment Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The Offshore Search and Rescue Equipment Market plays a crucial role in ensuring the safety and security of personnel working in offshore industries such as oil and gas, maritime, and wind energy. As demand for energy grows and industries expand into more remote and hazardous areas, the need for specialized equipment to perform swift, effective search and rescue operations has never been more critical. In South Korea, a country with a vast coastline and a rapidly growing offshore sector, the demand for such equipment is increasing significantly, driven by the need for high-tech, reliable solutions to save lives in emergency situations.
Offshore search and rescue operations require equipment that is both advanced and durable, as these missions often take place in harsh environmental conditions like high seas, extreme weather, and limited visibility. The types of equipment in high demand include specialized boats, helicopters, drones, life-saving devices, and communication tools. In South Korea, these products are integrated into emergency plans for oil rigs, offshore wind farms, and cargo vessels, all of which are central to the nation's industrial infrastructure.
The South Korean government has recognized the importance of strengthening its offshore rescue capabilities. This has led to substantial investment in training programs and the procurement of state-of-the-art rescue technologies. The Offshore Search and Rescue Equipment Market is expected to grow as industries like shipping and offshore energy production continue to expand their operations beyond territorial waters.
Industries operating in these sectors require equipment that is not only capable of meeting the basic demands of rescue operations but also able to handle specific challenges related to the terrain and location. Drones equipped with thermal imaging and autonomous boats are examples of innovations making a significant impact. Moreover, the equipment needs to be adaptable, as the nature of offshore emergencies can vary greatly, from mechanical failures to extreme weather events.
Furthermore, the offshore search and rescue teams require training that emphasizes the latest technology, rapid response techniques, and effective communication systems. This trend is shaping how South Korean industries approach safety and response protocols, with many stakeholders demanding continuous improvements in equipment reliability and operational efficiency.
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Honeywell
Thales Group
General Dynamics
Garmin Ltd.
Raytheon Company
Leonardo S.P.A.
Rockwell Collins
FLIR Systems
Textron Systems
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Offshore Search and Rescue Equipment Market
Life Rafts
Survival Suits
Emergency Beacon Transmitters
Rescue Boats
Communication Devices
Government Emergency Services
Private Sector Companies
Non-Governmental Organizations (NGOs)
Maritime Operations
Aviation Operations
Onshore Search and Rescue
Offshore Search and Rescue
Aerial Search and Rescue
Underwater Search and Rescue
Land-Based Search and Rescue
GPS and Navigation Technology
Drone-Based Search Technology
Remote Sensing Technology
Communication Technology
Surveillance Equipment
Metal
Plastic
Composite Materials
Textiles and Fabrics
Rubber
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Offshore Search and Rescue Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Offshore Search and Rescue Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Offshore Search and Rescue Equipment Market, By Type
6. South Korea Offshore Search and Rescue Equipment Market, By Application
7. South Korea Offshore Search and Rescue Equipment Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Offshore Search and Rescue Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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