The global situational awareness system market was worth $27.74 billion in 2020, and is expected to reach $67.27 billion by 2030, growing at a CAGR of 9.19%.
The global situational awareness systems market is expected to have an impressive CAGR during the forecast period,
The market is driven by the following factors such as an increase in the application of situational awareness systems in
Download Sample Ask for Discount Request Customization
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.
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.
Download Sample Ask for Discount Request Customization
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 – 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 |
|
Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy