Emergency Response Technologies: Global Markets

According to a new technical market research report, Emergency Response Technologies: Global Markets (SAS014A) from BCC Research, the global market for emergency response technology is expected to be worth $54.7 billion in 2008. This will increase to over $69.4 billion by 2013, a compound annual growth rate (CAGR) of 4.9%.

The market is broken down into emergency response technologies and emergency response by functional categories. Of these, the emergency response by technologies segment has the largest share of the market. Worth an estimated $41.3 billion by the end of 2008, this segment should reach $47.7 billion in 2013, for a CAGR of 3%. Emergency response by technologies comprised approximately 75.4% of the overall emergency response technology market in 2008, forecast to decrease to approximately 68.8% by 2013.

The emergency response by functional categories aggregate was measured at overall revenues of $3.5 billion in 2000, rising to $13.5 billion in 2008. This segment is forecast to reach $21.6 billion in 2013, for a CAGR of 9.9%. Emergency response by functional categories comprised approximately 24% of the overall emergency response technology industry in 2008, and is forecast to increase to approximately 31% of the overall emergency response technologies industry by 2013.

As the world continues to advance technologically, emergency response teams of all types are increasingly integrating technology to provide solutions and performance improvements previously impossible using more manually operable tools. Emergency response technology is virtually always mission critical and technology failure during an incident can lead to unacceptable consequences of property loss, environmental damage and, worse yet, loss of human life.