Situational Awareness Systems Market Growth, Size, Share, Trends, and Forecast by 2031

MARKET OVERVIEW

The ability to identify, process and understand the essential elements of information and further interpret them with various systems of surveillance awareness systems is known as situational awareness. By collecting and analysing knowledge that allows many organisations to make informed decisions with prompt steps, it includes becoming aware of various environmental circumstances. These systems are used in various fields, such as traffic control and defence, which involve regular inspection of various events, making them much more important for timely action. In addition to risk assessment, threat assessment, strategy planning and deciding on the future course of action, SAS provides protection. The situational awareness systems market is has been consistently growing since the past years and is expected to boost in coming years.

MARKET SCOPE

The "Global Situational Awareness Systems Market Analysis to 2031" is a specialized and in-depth study of the situational awareness systems market with a special focus on the global market trend analysis. The report aims to provide an overview of situational awareness systems market with detailed market segmentation by platform, component, type, application, and geography. The global situational awareness systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading situational awareness systems market players and offers key trends and opportunities in the situational awareness systems market.

MARKET SEGMENTATION

•   On the basis of platform, the market is segmented as sea, air, and land.
  
•   On the basis of component, the market is segmented as sensors, display and notification systems, and others.
  
•   Based on type, the market is segmnted as command and control, RADARs, SONARs, optronics, vehicle situational awareness systems, and others.
  
•   Based on application, the market is segmented into CBRN systems, robots, and smart infrastructure management.
  

MARKET DYNAMICS

Drivers:

•   Increased demand for aviation and military situational awareness solutions and the use of mobility solutions in military tactical operations
  
•   The growing need to strengthen the safety and protection of military personnel
  

Restraints:

•   Expensive installation and lack of infrastructure
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Situational Awareness Systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Situational Awareness Systems market.

IMPACT OF COVID-19 ON SITUATIONAL AWARENESS SYSTEMS MARKET

The COVID-19 pandemic has wreaked havoc on countries' economies all around the world. Space situational awareness systems, subsystems, and components have all been affected. Manufacturing processes have been temporarily halted due to supply chain disruptions. The level of COVID-19 exposure, the level at which manufacturing operations are functioning, and import-export rules, among other things, all have a role in resuming manufacturing activity. Hence, the COVID-19 pandemic has had a moderate impact on the market in focus. However, the situational awareness systems market is anticipated to be driven in 2021 by an increase in demand for situational awareness solutions in the aviation and the military, the use of mobility solutions for military tactical operations, and the requirement to enhance the safety and security of military personnel. For instance, in February 2021, the French and German defense ministries announced their plans to upgrade their fledgling ground facilities designed to track satellites and other objects flying over the European territory in the context of a dialogue with the US Air Force on possible future trans-Atlantic cooperation in space surveillance, now that Europe appears ready to build its system. Further, in December 2019, the Indian Maritime Situational Awareness System (IMSAS) was inducted by the Indian Navy. The IMSAS is a software system that provides a global maritime situational picture, marine planning tools, and analytical capabilities to the Indian Navy. As a result, the situational awareness systems market is likely to be boosted in the forecast period (2021-2031).

MARKET PLAYERS

The report covers key developments in the Situational Awareness Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Situational Awareness Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Situational Awareness Systems in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Situational Awareness Systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BAE Systems plc
  
•   Curtiss-Wright Corporation
  
•   Elbit Systems Ltd.
  
•   General Dynamics Corporation
  
•   Honeywell International Inc.
  
•   Leonardo S.p.A.
  
•   Lockheed Martin Corporation
  
•   Northrop Grumman Corporation
  
•   Raytheon Technologies Corporation
  
•   Thales Group
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Situational Awareness Systems Report Scope