Situational awareness market
is expected to reach USD 17.41 Billion by 2020, at a CAGR of 7.4% during the
forecast period. Increasing initiatives of Government towards disaster
management and increasing need of public safety drives the situational
awareness market.
Browse 80 market data tables with
82 figures spread through 192 pages and in-depth TOC on "Situational Awareness Market - Global Trend
& Forecast to 2020"
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Security & Surveillance is expected to lead the application
market of situational awareness systems.
The growing
demand for situational awareness in security & surveillance applications
worldwide is one of the key drivers for the market. Situational awareness in
security & surveillance is vital for homeland, cyber, maritime, and network
security. As terrorism, organized crime, hijacking, hostage taking, refugee
smuggling, narcotics trading, and illegal underwater activities are increasing,
the situational awareness systems market for the security & surveillance
applications is growing rapidly.
Command and control systems are expected to dominate the market
for situational awareness systems.
There is a
high demand for command and control systems in the situational awareness
systems market. Command and control systems help in threat identification and
assessment, strategy planning aid, risk analysis, course of action development,
and monitoring.
APAC is expected to grow at the highest CAGR during the forecast
period.
The market
in APAC is expected to grow at a CAGR of 8.7% between 2015 and 2020. Military
& defense, industrial, cyber security are the major sectors driving the
growth of the situational awareness systems market in APAC. China and Japan are
the leading countries in the situational awareness systems market in this
region. Moreover, the rising income, high adoption of smart appliances, and
rising per capita income in these countries are likely to drive the market in
APAC. Some of the major players in this region are Denso Corp. (Japan) and
Advanced Micro Devices (Australia).
The report
analyzes the market trends for each of the market segments and their respective
growth rates. Apart from the market segmentation, the report also covers
in-depth analyses such as Porter’s five forces analysis, value chain with a
detailed process flow diagram, and market dynamics such as drivers, restraints,
opportunities, and challenges of the situational awareness systems market. The
report also provides a qualitative and quantitative description of the
verticals considered for the market. It also gives a detailed view of the market
across four geographical regions: North America, Europe, APAC, and RoW. North
America is a major contributing region in terms of market value for the
situational awareness systems market, whereas APAC has been identified as the
fastest-growing region globally.
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The report
also profiles the most promising players in the situational awareness systems
market. The key players in the market are General Electric (U.S.), Lockheed
Martin Corp. (U.S.), Honeywell International, Inc. (U.S.), Denso Corp. (Japan),
BAE Systems, Inc.(U.K.), Rockwell Collins (U.S.), Microsoft Corp. (U.S.), Barco
(Belgium), Advanced Micro Devices, Inc.(U.S.), Harris Corp. (U.S.), Xilinx,
Inc. (U.S.), and Qualcomm, Inc. (U.S.).
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