Again, it's a possibility, but I think the knife has every bit as much chance of getting lost as the sharpener. Especially since the sharpener can ride in your pocket, OR in the pocket of the sheaths that many of these knives have. Carry more than one sharpener!
If your knife starts out sharp, unless you decide to build a log cabin or have some sort of application for cutting several hundred feet of cardboard in the wild, I have trouble putting my finger on the survival situation that's going to dull the knife to the point of not working any longer before you can get help. I can make enough fuzz sticks to start a half dozen fires with a keychain SAK and no resharpenings, and that's 420 steel at about 54-55 HRC. I know it seems I'm hitting this hard but it really isn't as easy to find an effective field sharpener in some locations as people like to put forward. Effective means that it doesn't take you hours to resharpen. The other thing is that we here in the knife knut world have a horrible habit of drinking too much of our own coolaid: D2 has more abrasion resistance than 1095, but it's not like night and day. If I have just plain stones, it takes about twice as long to sharpen D2 as 1095 at the same hardness. If I have diamond stones, it's probably 20-30% more time. Especially given the serious lack of sharpening skill that seems to abound among many here on these boards, I think it's inaccurate to lead people to believe that they're going to be able to get a hair-whittling edge back with any piece of sandstone they pick up just because their knife is 1095. Hell, a bunch of 'em can't achieve that with high quality stones, a comfortable chair, and plenty of light.
Regardless of your steel choice, the important thing to remember is frequent touchups BEFORE you get dull. D2 responds to burnishing/steeling every bit as well as 1095. Don't let it get dull, and it's not an issue. If ever I'm out in the wild, and lose my sharpeners by losing every single piece of clothing I have (thus removing my pockets) and I'm walking around naked with my newly-dulled survival knife that I can't touch up, and see (during a hunger-induced hallucination) a saint appear before me who informs me that this is my penance for choosing such a high-vanadium content steel, then I'll come back to this thread and repent.