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Emergency Response Market Inching Up |
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Written by Chelsey Drysdale
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Monday, 14 April 2008 |
WELLESLEY, MA – The global market for emergency response technology is expected to grow to $69.4 billion by 2013, up from $54.7 billion in 2008, a CAGR of 4.9%, says BCC Research.
The emergency response by technologies segment has the largest share of the market, according to the research firm, and is expected to reach $47.7 billion in 2013, a CAGR of 3%.
Emergency response by technologies comprised approximately 75.4% of the overall emergency response technology market in 2008, and is forecast to decrease to approximately 68.8% by 2013.
The emergency response by functional categories 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, a CAGR of 9.9%.
Emergency response by functional categories comprised approximately 24% of the overall emergency response technology industry this year, and is forecast to increase to approximately 31% of the overall emergency response technologies industry by 2013, says BCC.
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