Situational Awareness Market Growing at 7.4% CAGR to 2020 Dominated by Military & Defense

Dec 14, 2015, 21:00 ET from ReportsnReports

PUNE, India, December 15, 2015 /PRNewswire/ --

The military & defense industry is expected to dominate the situational awareness systems market during the forecast period of 2015 - 2020 with North America expected to hold the highest market share.

Complete report on situational awareness market spread across 192 pages, profiling 12 companies and supported with 80 tables and 82 figures is now available at .

Increasing initiatives of governments worldwide toward disaster management and rising need for public safety are expected to drive the situational awareness systems market. 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.

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. In Tier 1 (55%), Tier 2 (20%), and Tier 3 (25%) companies. The interviews were conducted with various key people such as C-level (60%), Director Level (25%) and others (15%) operating in the situational awareness market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%) and RoW (30%).

The geographical segmentation in the report covers four major regions of the world: North America, Europe, APAC, and RoW. The report also profiles major players in the situational awareness systems market. Some of the major players in situational awareness 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.). Order a copy of 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 research report at .

This report caters to the needs of leading companies, end users, component manufacturers, and other related stakeholders in this market. Other parties that could be benefitted from the report include government bodies, environmental agencies, consulting firms, business development executives, C-level employees, and VPs. Our report would help you analyze new opportunities and potential revenue sources and enhance your decision-making process for new business strategies. The quantitative and qualitative information in the report, along with our comprehensive analysis, will help you gain an edge in the worldwide situational awareness market.

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