The inventions such as NASA FINDER and Plextek micro radar system can create some interesting opportunities for the worldwide incident and emergency management market. The worldwide market for the incident and emergency management has a value of 75.46 billion US$ as of 2017. The market is expected to reach the value of 423.32 billion US$ with CAGR of 24.2% during 2018-2025.
The increased terrorist acts and natural disasters are increasing the demand for such services. The governments are also preferring services related to public safety. The high cost of maintenance and installation of such equipment can reduce the growth market but the effect will be minimum. The report includes the different types of systems used in the incident and emergency management. Surveillance system had the highest revenue of 20.04 billion US$ as of the year 201 7 which was 26% of the total market.
The report divides communication into several types of technologies which includes satellite phones, vehicle ready gateways, emergency response radar, first responder tools, and others. The emergency response system had shown the fastest growth rate of 27.1% CAGR during the study period of this report. Various solutions for the global incident and emergency management market are discussed in this report. In 2025 disaster recovery solutions will have the highest CAGR of 26.8%. Other segments are also expected to show a high growth rate.
The report will also include some major companies involved in the incident and emergency management market which includes Esri Inc., Honeywell International Inc., IBM Corporation, Intergraph Corporation, Intermedix Corporation, Lockheed Martin Corporation, Motorola Solutions, Inc., NEC Corporation, Rockwell Collins and Siemens AG. These companies have adopted various strategies to get ahead in the business.