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 likely to drive the situational awareness systems market. The base year considered is 2014, and the forecast period for the market has been considered from 2015 to 2020.
Pune, India -- (SBWIRE) -- 01/29/2016 -- According to a new market research report "Situational Awareness Market Industry (Military & Defense, Aviation, Maritime Security, Automotive, Healthcare, Construction, Industrial, Homeland Security), by Components, Products, Applications, and Geography - Global Trend & Forecast to 2020", published by marketsandmarkets, the total market is expected to reach USD 17.41 Billion by 2020, at a CAGR of 7.4% during the forecast period. Increasing initiatives of Government towards disaster management and increasing need of public safety drives the situational awareness market.
Browse 80 market data tables with 82 figures spread through 192 pages and in-depth TOC on "Situational Awareness Market - Global Trend & Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/situation-awareness-system-market-1272.html
Early buyers will receive 10% customization On this report.
Security & Surveillance is expected to lead the application market of situational awareness systems.
The growing demand for situational awareness in security & surveillance applications worldwide is one of the key drivers for the market. Situational awareness in security & surveillance is vital for homeland, cyber, maritime, and network security. As terrorism, organized crime, hijacking, hostage taking, refugee smuggling, narcotics trading, and illegal underwater activities are increasing, the situational awareness systems market for the security & surveillance applications is growing rapidly.
Command and control systems are expected to dominate the market for situational awareness systems.
There is a high demand for command and control systems in the Situational Awareness Systems Market. Command and control systems help in threat identification and assessment, strategy planning aid, risk analysis, course of action development, and monitoring.
APAC is expected to grow at the highest CAGR during the forecast period.
The market in APAC is expected to grow at a CAGR of 8.7% between 2015 and 2020. Military & defense, industrial, cyber security 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).
The report analyzes the market trends for each of the market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter's five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges of the situational awareness systems market. The report also provides a qualitative and quantitative description of the verticals considered for the market. It also gives a detailed view of the market across four geographical regions: North America, Europe, APAC, and RoW. North America is a major contributing region in terms of market value for the situational awareness systems market, whereas APAC has been identified as the fastest-growing region globally.
Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=1272
The report also profiles the most promising players in the situational awareness systems market. The key players in the market are General Electric (U.S.), Lockheed Martin Corp. (U.S.), Honeywell International, Inc. (U.S.), Denso Corp. (Japan), BAE Systems, Inc.(U.K.), Rockwell Collins (U.S.), Microsoft Corp. (U.S.), Barco (Belgium), Advanced Micro Devices, Inc.(U.S.), Harris Corp. (U.S.), Xilinx, Inc. (U.S.), and Qualcomm, Inc. (U.S.).
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com