The situational
awareness market size 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. 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 cyber security to provide significant situational
awareness are the major factors driving the growth of the situational awareness
system market.
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Situational awareness market for
sensors to hold the largest market size by 2025
By component, sensors are projected to hold the largest market
size. Sensors are necessary for intelligence, surveillance, platform
survivability, targeting, and advanced weapon operation, across all operating
environments. They are responsible for converting physical phenomena into
quantities, which are further measurable by data-acquisition systems.
Situational awareness market for
command & control systems to lead the market during the forecast period
By product type, the command and control systems are projected
to lead the market during the forecast period. These types of systems are
integrated with situational awareness solutions and surveillance sensors, both
ground-based and airborne; they help in transmitting secure information to each
level of the command chain. Command and control systems provide situational
awareness for force planning, readiness assessment, and deploy applications on
a battlefield. Thus, these systems are having the largest market share in the
market.
Situational
awareness market in North America to account for the largest share of the
market during the forecast period
By region, North America is projected to account for
the largest share of the market during the forecast period. The market in this
region has been studied for US, Canada, and Mexico. The North American
situational awareness system market is mainly dominated by US and Canada. The
market growth in this region can be attributed to the increased use of
situational awareness in industries such as military & defense, aviation,
maritime security, and homeland security applications.
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Key Market Players
General Electric (US), Lockheed Martin (US),
Honeywell (US), DENSO (Japan), BAE Systems (UK), UTC (US), Microsoft (US),
Barco (Belgium), AMD (US), L3Harris Technologies (US), General Dynamics (US),
Xilinx (US), Qualcomm (US), Robert Bosch (Germany), Pleora Technologies
(Canada), Nexvision (France), Bertin Instruments (France), Axis Communications
(Sweden), Johnson Controls (Ireland), Boeing (US), Airbus (France), and Sensara
(US) are some of the key players in the market.
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