New Market Report: Situational Awareness Market - Global Trend & Forecast to 2020

From: Fast Market Research, Inc.
Published: Wed Dec 30 2015

Situational Awareness Market by Industry (Military & Defense, Aviation, Maritime Security, Automotive, Healthcare, Construction, Industrial, Homeland Security), by Components, Products, Applications, and Geography - Global Trend & Forecast to 2020

The situational awareness systems market is expected to reach USD 17.41 billion by 2020, growing at a CAGR of 7.4% between 2015 and 2020. Increasing initiatives of governments worldwide toward disaster management and rising need for public safety are expected to drive the situational awareness systems market.

The military & defense industry is expected to dominate the situational awareness systems market during the forecast period 2015 - 2020

There is a high demand for safety and security in the military & defense industry, wherein situational awareness is the key technology. Situational awareness systems improve the information-based technologies to help the military forces to monitor and access global condition in a fast and efficient manner. In addition, the market for homeland security is expected to grow at the highest CAGR among all other industries. The growth in these two industries can be attributed to the rising adoption of situational awareness systems for security & surveillance.

Full Report Details at

North America is expected to hold the highest market share during the forecast period 2015 - 2020

The market in APAC is estimated to be the fastest-growing market till 2020. Military & defense, industrial, cybersecurity 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). Currently, North America holds the largest share of the situational awareness systems market. It is the most technologically advanced market for situational awareness systems, owing to the high penetration of these systems in this region. The U.S. invests heavily in the military and defense sector for improved situational awareness, which is becoming a major hub for the integration of situational awareness systems.

In the process of determining and verifying the market size for several segments and sub segments of the situational awareness systems market gathered through secondary research, extensive primary interviews have been conducted with key people. Break-up of the profiles of primary participants is shown below:

* By Company Type: Tier 1 - 55%, Tier 2 - 20% and Tier 3 - 25%
* By Designation: C level - 60%, Director level - 25%, Others - 15%
* By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Volumetric Display Market - Global Trend & Forecast to 2015 - 2020
- Emission Monitoring Systems Market - Global Trend and Forecast to 2020
- Sales Performance Management Market - Global Forecast to 2020
- Threat Intelligence Security Market - Global Forecast to 2020
- Collision Avoidance System Market - Global Trend & Forecast to 2020

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »