Situational Awareness Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Component (Sensors, GPS, Cameras, Gyroscopes, Display & Notification Devices, NVRs & DVRs, Others), By Application (Robots, Driving and Connected Cars, Business Intelligence, Disaster response, Security & Surveillance, Environmental Impacts Tracking, Logistics, Natural & Cu

Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format

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Situational Awareness Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Component (Sensors, GPS, Cameras, Gyroscopes, Display & Notification Devices, NVRs & DVRs, Others), By Application (Robots, Driving and Connected Cars, Business Intelligence, Disaster response, Security & Surveillance, Environmental Impacts Tracking, Logistics, Natural & Cu

The global situational awareness systems market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. The market is driven by the factors such as a surge in the use of situational awareness systems in the

Increased Focus on Cybersecurity Solutions Drives the Market Growth

The continuous growth of the IT industry and the adoption of digital technology by the military sector and other organizations have increased the cyber-threats and loss of information. The transformation of businesses by using digital platforms is increasing the dependency on cyberspace. Situational awareness system is gaining popularity as it helps in understanding the IT industry and accurately predict or respond to potential problems that may occur in the future. The loss of confidential information can lead to adverse situations that may risk individuals and national security. Situational awareness systems are proven beneficial in these situations as it helps organizations to develop countermeasures and respond effectively. Therefore, for a prompt response and effectively responding to cyber-attacks, the organizations need an integrated set of capabilities to develop plans and make an effective response which is expected to fuel the demand for situational awareness systems in the forecast period.

Situational Awareness Systems in Disaster Management Supports the Market Growth

Natural disasters or man-made disasters can result in massive loss of life and property. Responding to the disaster in a timely manner can lower the number of deaths and injuries and reduce the economic loss and social disruption of the country. During the crisis, the availability of the data helps the concerned authorities to make the right decisions. A situational awareness system can gather useful information such as situational information, including civil, transportation, and information infrastructure. It can also provide information about the currently found at resources, such as rescue and law enforcement units and medical facilities. Therefore, the situational awareness system can help mobilize an effective, quick, and efficient response to disasters. Also, if advanced technologies are properly implemented in the system, it can lead to the generation of more informed and rapid decisions. The high expenditure by the government on disaster management strategies is expected to fuel the demand for the global situational awareness system market in the next five years.

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Market Segmentation

In terms of country, the United States is anticipated to hold a substantial market share in the forecast period due to the early adoption of advanced technologies and high expenditure on disaster management and the defense sector.


MIR Segment1

Market Players

Bae Systems, Honeywell International Inc, Denso Corporation, CNL Software Limited, Collins Aerospace (United Technologies), Lockheed Martin Corporation, Harris Corporation, General Electric, D3 Security Management Systems, Inc, Microsoft Corporation, are the major market players operating in the global situational awareness systems market.

Attribute

Details

Base Year

2021

Historic Data

2017 â€“ 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Component

·         Application

·         End Use

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey

Key companies profiled

Bae Systems, Honeywell International Inc, Denso Corporation, CNL Software Limited, Collins Aerospace (United Technologies), Lockheed Martin Corporation, Harris Corporation, General Electric, D3 Security Management Systems, Inc, Microsoft Corporation

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