Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 176.10 Billion | USD 363.93 Billion | 8.40% | 2023 |
The global disaster preparedness systems market size was worth around USD 176.10 billion in 2023 and is predicted to grow to around USD 363.93 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.40% between 2024 and 2032.
Disaster Preparedness Systems Market: Overview
Disaster preparedness systems are technologies, protocols, processes, and other infrastructure surrounding the management of natural or man-made disasters. It consists of regulatory frameworks and strategies to ensure minimal to zero impact of environmental disasters on living species and overall regional infrastructure. The industry is an integral part of the global public health domain. It deals with training and informing individuals, governments, organizations, and communities on the best possible way to deal with natural or man-made calamities. Disaster preparedness systems form one of the largest parts of regional budgets since these systems are comprehensive tools that cover several areas.
For instance, disaster prepared systems are classified as tools and policies involved in risk assessment followed by policy planning and development. It also includes conducting mock drills and training along with raising awareness. The demand for technology-driven disaster preparedness systems is growing steadily as the number of natural and human-influenced disasters globally is rising rapidly.
However, the disaster preparedness systems industry faces significant challenges due to cost constraints and monetary barriers. During the projection period, Artificial Intelligence (AI)-enabled digital solutions for disaster preparedness could help the industry generate more growth opportunities.
Increasing frequency of natural disasters across the globe will drive the market demand rate
The global disaster preparedness systems market is expected to grow due to the rising frequency of natural disasters across the globe. In addition to this, man-made disasters are also on the rise. Some of the most common and frequently reported natural disasters include earthquakes, tsunamis, tornadoes, floods, droughts, and avalanches. Man-made disasters are influenced by human actions. It includes events such as industrial accidents, explosions, nuclear accidents, environmental pollution, and fires among others. In January 2024, the U.S. Geological Survey (USGS) recorded an earthquake of magnitude 7.5 on the northern coast of the Noto Peninsula situated in Honshu, Japan's west coast.
The earthquake also resulted in a tsunami going up to 3 feet, as per official records. According to the Japan Meteorological Agency (JMA), the country recorded around 5 earthquakes in 2023 with a magnitude over 5. In June 2024, the beginning of the North Atlantic hurricane season was marked by Storm Alberto. It is the first named storm of the season, and its first impact was registered around the Mexican coast. In April 2024, Dubai and parts of Oman recorded heavy rainfall, leading to loss of lives & property, traffic congestion, and other such events. Reports suggested that the flooding was encouraged by cloud seeding. It is an advanced process regularly conducted in Dubai which deals with artificially planting chemicals in the cloud that cause heavier rainfall.
Greater initiatives taken by regional governments and welfare agencies to promote further market expansion
The global disaster preparedness systems market is expected to be further driven by the surge in initiatives undertaken by regional governments to facilitate readiness against disasters. For instance, the Indian Union Home Ministry and Ministry of Cooperation conducted a meeting with Ministers of Disaster Management of the States/Union Territories in the country. Under the @2047 vision of India, the main goal is to strengthen the disaster risk reduction system in the region. INR 2500 crore has been allotted to reduce the risk of urban flooding in 7 densely populated regions.
Cost of disaster prepared systems will limit the industry’s expansion rate
The global disaster preparedness systems industry is projected to be restricted due to the high cost of developing and implementing such strategic policies. Effective and comprehensive preparedness systems for disasters demand a large sum of investments. These policies are supposed to cover technical and non-technical aspects of developing an infrastructure that can prevent or manage natural and man-made disasters. In fiscal year 2020, the US government spent around USD 30 billion on disaster relief.
Development of advanced technological systems equipped with predictive analysis holds several expansion possibilities
The global disaster preparedness systems market players are investing heavily in developing advanced technology-rich systems equipped with predictive analysis. These tools are designed to predict the course of an incoming disaster and several aspects related to it. They are used for determining the expected course of disaster impact thus allowing officials to pre-plan strategies that reduce the outcome of the event. In October 2023, researchers at the University of Texas developed a new AI-driven tool to predict earthquakes 1 week in advance. The tool showed 70% accuracy in performing the expected task during a 7-month trial period conducted in China. In March 2024, the Office of Nuclear Energy in the US announced that Blue Wave AI Labs had designed machine learning (ML) systems at 2 nuclear power plants. The tools are operated by Constellation and will assist in improving operational efficiency. Furthermore, they are also expected to aid in the reduction of expensive remedial procedures.
Generating public awareness is one of the major challenges for industry players
The success of disaster preparedness programs depends on public awareness and engagement. However, generating massive public awareness can be difficult for the global disaster preparedness system industry players. In addition to this, in the event of a disaster, the actions of the common people determine the efficiency of the systems. The lack of people’s participation may prevent the market growth rate from expanding further.
The global disaster preparedness systems market is segmented based on services, communication technology, solutions, end-use, and region.
Based on the services, the global market segments are consulting services, training & education services, support & maintenance services, and design & integration services. In 2023, the highest growth was witnessed in the consulting services segment. It dominated more than 39.01% of the total market share. During the projection period, the training & education services segment will register higher growth due to the urgent need to generate efficient public awareness around disaster preparedness systems.
Based on communication technology, the global disaster preparedness systems industry is divided into satellite phones, first responder tools, emergency response radars, and others.
Based on the solution, the global market segments are disaster recovery solutions, geospatial solutions, and situational awareness solutions. In 2023, over 43.05% of the total segmental share was led by disaster recovery solutions. Managing disaster relief programs requires heavy investments. The surge in the number of disasters globally in 2023 led to a higher segmental growth rate.
Based on end use, the global market is divided into IT & telecom, BFSI, healthcare, public sector, aerospace & defense, and others.
Report Attributes | Report Details |
---|---|
Report Name | Disaster Preparedness Systems Market |
Market Size in 2023 | USD 176.10 Billion |
Market Forecast in 2032 | USD 363.93 Billion |
Growth Rate | CAGR of 8.40% |
Number of Pages | 227 |
Key Companies Covered | BlackBerry AtHoc, Everbridge, Honeywell, Rockwell Collins, Motorola Solutions, Juvare, IBM, Eaton, Rave Mobile Safety, AlertMedia, Siemens, NC4, Esri, The Response Group (TRG), Atos., and others. |
Segments Covered | By Services, By Communication Technology, By Solution, By End Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to generate the highest revenue during the projection period
The global industry for disaster preparedness systems is expected to be led by Asia-Pacific during the projection period. Japan is the leading contributor to regional market revenue. Disaster preparedness and management systems in Japan are considered a global benchmark in terms of managing and preparing for emergencies. In 2022, the region allotted a budget of over 1.1 trillion Japanese yen for disaster prevention. The island of Japan is often frequented with several severe natural disasters due to the geographical location of the region. The surge in regional investments in developing advanced technological systems will promote higher revenue in Asia-Pacific. In August 2023, China announced the launch of a new satellite, according to the China National Space Administration. The satellite will assist in mitigating and preventing natural disasters in the country.
Europe is one of the fastest-growing markets for disaster preparedness systems. The European Commission focuses on promoting multi-hazard preparedness and preemptive measures. The region allots over €78 million every year for humanitarian funding for specific preparedness plans. Higher public awareness and participation will further help the region grow at a rapid rate.
The global disaster preparedness systems market is led by players like:
By Services
By Communication Technology
By Solution
By End Use
FrequentlyAsked Questions
Disaster preparedness systems are technologies, protocols, processes, and other infrastructure surrounding the management of natural or man-made disasters.
The global disaster preparedness systems market is expected to grow due to the rising frequency of natural disasters across the globe.
According to study, the global disaster preparedness systems market size was worth around USD 176.10 billion in 2023 and is predicted to grow to around USD 363.93 billion by 2032.
The CAGR value of the disaster preparedness systems market is expected to be around 8.40% during 2024-2032.
The global industry for disaster preparedness systems is expected to be led by Asia-Pacific during the projection period.
The global disaster preparedness systems market is led by players like BlackBerry AtHoc, Everbridge, Honeywell, Rockwell Collins, Motorola Solutions, Juvare, IBM, Eaton, Rave Mobile Safety, AlertMedia, Siemens, NC4, Esri, The Response Group (TRG) and Atos.
The report explores crucial aspects of the disaster preparedness systems market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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