Global Disaster Management Market 2023-2030

Global Disaster Management Market 2023-2030

Global Disaster Management Market Size, Share & Trends Analysis Report by Solutions (Surveillance Systems, Disaster Recovery Services, Search and Rescue Equipment, Situational Awareness Solutions, Incident Management Systems, Early Warning Systems, and others.), by Communication Technology (Emergency Response Radars, First Responder Tools, Satellite Phones, Vehicle-Ready Gateways and others), and by Application (Natural Disasters, Man-made Disasters and Hybrid Disasters), Forecast Period (2023-2030)

The global disaster management market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2023-2030). The growth can be attributed to the increasing frequency and intensity of natural disasters, such as hurricanes, floods, wildfires, and earthquakes, globally. According to the World Disaster Report (WDR), in 2022, IFRC has analyzed comprehensive disaster data for 2020–2021. During this period, there were 710 disasters triggered by natural hazards. These led to fatalities of close to 30,000 people and affected over 220 million. In 2021 alone there were 378 disasters triggered by natural hazards.

Through collaboration, the various departments involved in disaster risk management agree on organizational goals, processes, type, and level of participation. For Instance, in January 2022, Honeywell announced a strategic investment in RapidSOS, as well as technology integrations between the two companies that will further modernize and digitize the public safety communications process. RapidSOS is the emergency response data platform used by more than 5,200 emergency communications centers (ECCs) globally.

Segmental Outlook

The global disaster management market is segmented based on the solutions, communication technology, and application. Based on the solutions, the market is sub-segmented into surveillance systems, disaster recovery services, search and rescue equipment, situational awareness solutions, incident management systems, early warning systems, and others. Based on the communication technology, the market is sub-segmented into emergency response radars, first responder tools, satellite phones, vehicle-ready gateways, and others. Further, on the basis of applications, the market is sub-segmented into natural disasters, man-made disasters, and hybrid disasters. Among the application, the natural disaster sub-segment is anticipated to hold a considerable share of the market owing to the rise in changes in climate conditions, especially the warming of global temperatures increase the likelihood of weather-related natural disasters.

The Vehicle-Ready Gateways Sub-Segment is Anticipated to Hold a Considerable Share of the Disaster Management Market

Among the communication technology, the vehicle-ready gateways sub-segment is expected to hold a considerable share of the global disaster management market. The segmental growth is attributed to the growing number of natural calamities and advancements in communication technology in disaster management systems. An in-vehicle gateway may help transmit or receive information from/to GNSS, GPS systems, and even Inertial Navigation Systems (INS). Navigation and tracking systems provide an accurate and highly reliable tracking system For instance, in April 2021, Eurotech, a long-time provider of embedded computing systems and in Internet of Things (IoT) enablement, makes available its newest Multi-Service IoT Gateway for heavy-duty applications. The BoltGATE 10-12 is a rugged edge device that greatly simplifies connecting the field with the cloud.

Regional Outlook

The global disaster management market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the increasing frequency and cost of disasters, attributed to climate change, which is underscoring the necessity for robust disaster management systems.

The North America is Expected to Grow at a Significant CAGR in the Global Disaster Management Market

Among all regions, the North America region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the government's heightened emphasis on developing and implementing intelligent emergency management and mitigation plans. According to the World Metrological Organization (WMO), in August 2021, in North America, Central America, and the Caribbean combined, 1 977 recorded disasters, 74 839 fatalities, and economic losses of $ 1.7 trillion occurred. The region accounted for 18.0% of weather-, climate- and water-related disasters, 4.0% of associated deaths, and 45.0% of associated economic losses worldwide over the past 50 years. Storms (54.0%) and floods (31.0%) were the most prevalent cause of recorded disasters. Storms were linked to the greatest loss of life (71.0%) and economic losses (78.0%) in the region. The US accounts for one-third (38.0%) of global economic losses caused by weather, climate, and water hazards.

Hence, the increasing awareness and recognition of the vulnerability of the region to natural disasters such as earthquakes, typhoons, floods, and tsunamis are the major factors contributing to regional growth. Therefore, governments and organizations in the North America region are investing in comprehensive disaster management systems to enhance their resilience and response capabilities. In addition, the growing adoption of innovative technologies, including remote sensing, satellite imagery, and geospatial data analysis, to improve disaster risk assessment and early warning systems is further contributing to the growth of the regional market.

Market Players Outlook

The major companies serving the disaster management market include Honeywell International Inc., Lockheed Martin Corp., NEC Corp., Siemens AG, Motorola Solutions, Inc., ESRI Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2023, Hexagon’s Safety, Infrastructure & Geospatial division and Fujitsu Limited announced the joint development of digital twin applications for predicting and mitigating natural disasters and traffic accidents. The solutions reflect the two companies’ ongoing efforts to realize resilient, disaster-resistant cities based on an alliance formed.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global disaster management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.