Situation Awareness System Market Exhibits Higher Growth Prospects during 2018-2028

Published: Fri Jun 07 2019

The situation awareness system is gaining notable traction due to proliferating applications across diverse industry verticals, mostly in aerospace, military & defense, and marine securities. Several industries are adopting situation awareness systems for their applications, including enhanced security and surveillance, timely response, remote monitoring, real-time monitoring of events, and improved user experience. With the applications of SAS multiplying at a rapid pace, the Situation Awareness System Market is likely to grow sustainably in the forthcoming years.

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Situation Awareness Systems (SAS) are witnessing significant adoption in line with their ability to assist in collecting, visualizing, and evaluating information related to the remote environment and surroundings. This growing adoption of the security systems can be attributed to their capability to facilitate surveillance and security.  A wide range of industries are installing situation awareness systems, as they help in threat identification, risk analysis, assessment, and in developing course-of-action, with maximum application in the aerospace and military industries.

Some of the leading players operating in situation awareness system market are Microsoft Corporation, Honeywell International Inc., Rockwell Collins, Inc., BAE Systems, Inc., Lockheed Martin Corporation, Denso Corporation, D3 Security Management Systems, Inc., CNL Software Ltd., L-3 Communications Holdings Inc. and Harris Corporation.

Northrop Grumman will develop an upgraded version of Modernized Radar Warning Receiver, the AN/APR-39E(V)2, for the US Army. The new radar warning receiver will provide enhanced situational awareness to users, with increased precision, as it can detect, locate, and identify a numerous threats.

A leading player in global situation awareness system market, Honeywell International has entered into a partnership with AirMap, an airspace management platform for drones. Together the two companies will develop a drone tracking solution to provide airspace safety authorities with situational awareness about aircraft operations within an airspace system.

Public safety and security demand highly efficient systems that promise safety of enterprises, civilians, and critical infrastructure against numerous threats, including organized crime and terrorism, information breach, illegal immigrations, and drug trafficking. The demand for public safety has grown significantly in recent years, owing to the increasing events of natural calamities. As a situation awareness system can help detect and prevent such unforeseen threats and events, these factors are likely to trigger growth in the global situation awareness system market.

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The burgeoning incidences of organized crime and terrorism, information breaches, progressing public infrastructure, manifold government initiatives and increasing security and surveillance expenditure are some of key propellers of situation awareness system market. Moreover, the growing recognition of SAS as powerful safety and security solution by military & defense and aerospace sector is driving growth in the situation awareness system market. Governments in several regions across the world have started taking initiatives to create awareness about security and surveillance by investing heavily in military & aerospace and aerospace security arrangements.

The high costs associated with the implementation of safety and security systems are restraining the growth of situation awareness system market to an extent. Furthermore, the lack of highly-skilled professionals for operating situation awareness systems is hampering the adoption of such systems. The stakeholders in situation awareness system market are increasingly leveraging advanced technology to produce systems that need minimal implementation.

The research report presents a comprehensive assessment of the situation awareness system market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The situation awareness system market research report provides analysis and information according to situation awareness system market segments such as geographies, application and industry.

The situation awareness system market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The situation awareness system market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with situation awareness system market attractiveness as per segments. The situation awareness system market report also maps the qualitative impact of various market factors on situation awareness system market segments and geographies.

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