Global Situational Awareness Market is Projected to Grow to USD 21.8 Billion by 2025, Recording a CAGR of 4.9% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 2, 2020--
The “Situational Awareness Market by Component (Sensors, GPS, Gyroscopes), Products (Fire & Flood Alarm Systems, HMI, RFID Solutions), Applications (Robots, Smart Infrastructure Management, CBRN Systems), Industry, and Geography - Global Forecast 2025” report has been added to ResearchAndMarkets.com’s offering.
The situational awareness market is projected to grow from USD 17.2 billion in 2020 to USD 21.8 billion by 2025, recording a CAGR of 4.9% between 2020 and 2025.
Rising demand for situational awareness solutions in aviation and military across the globe to drive the growth of the situational awareness market
Increasing demand for situational awareness solutions in aviation and military, use of mobility solutions transforming military tactical operations, and growing importance of situational awareness in cybersecurity to provide significant situational awareness are the major factors driving the growth of the situational awareness market. However, errors in situational awareness systems act as a restraint for the market growth.
Based on components, sensors to be the fastest-growing segment between 2020 and 2025.
Sensors are used to collect real-time information for rapid target coordination, improved situational awareness, and increased mission execution. With the increase in demand for situational awareness for real-time data collection, the adoption of different kinds of detection and monitoring processes has increased. With the rising adoption of sensors in various applications such as smart infrastructure management, security and surveillance, logistics, and crisis management would further drive the market.
Sensors expected to be the largest segment in the situational awareness market during the forecast period
Sensors hold the largest share in the situational awareness market, by component as they are widely used in a number of products such as fire and flood alarm systems, access control solutions, command & control systems, among others. With the large adoption in these products and their significant use in industries such as military & defense, aviation, and homeland security is expected to drive the market for sensors.
APAC to record the highest growth rate in the situational awareness market during the forecast period
By region, the APAC situational awareness market is projected to witness the highest growth rate during the forecast period due to the increasing demand for situational awareness solutions in security and surveillance. Significant investments of the governments in aerospace, defense, and military in countries such as China and India would further boost the market during the forecast period.
Key Benefits of Buying the Report:
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall situational awareness market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Study objectives
1.2 Market definition
1.3 Scope of the study
2 Research Methodology
2.2 Market size estimation
2.3 Market breakdown and data triangulation
2.4 Research assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive opportunities in situational awareness market
4.2 Market, by component
4.3 Market, by product
4.4 Market, by application
4.5 Market, by industry
4.6 Market by geography
5 Market Overview
5.2 Market dynamics
6 Situational Awareness, By Platform
6.2 Cyber Security
6.3 Risk Management
6.4 Decision Support
7 Situational Awareness Market, By Component Type
8 Market, By Product
8.2 Fire and flood alarm systems
8.5 Access Control
8.7 CBRN systems
8.8 Command & Control Systems
9 Situational Awareness Market, By Application
9.3 Driving/connected cars
9.4 Business intelligence
9.5 Disaster response
9.6 Security & surveillance
9.7 Environmental impact tracking
9.9 Natural and cultural resources
9.10 Smart infrastructure management
9.11 Crisis management
10 Situational Awareness Market, By Application
10.2 Military & defense
10.4 Maritime security
10.10 Homeland security
11 Geographic Analysis
11.2 North America
11.4 Asia Pacific
11.5 Rest of the world
12 Competitive Landscape
12.1 Market ranking analysis: Situational Awareness system market
12.2 Competitive leadership mapping
12.3 Competitive scenario
13 Company Profiles
13.1 Key players
13.1.1 General Electric
13.1.2 Lockheed Martin
13.1.5 BAE Systems
13.1.6 Rockwell Collins
13.1.10 Harris Corp.
13.2 Other players
For more information about this report visit https://www.researchandmarkets.com/r/xb11z2
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 03/02/2020 11:46 AM/DISC: 03/02/2020 11:46 AM