DUBLIN, Dec. 17, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7hxh4w/situational) has announced the addition of the "Situational Awareness Market - Global Trend & Forecast to 2020 " report to their offering.
The situational awareness systems market is estimated to exhibit high growth potential till 2020. The overall 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 expected to drive the situational awareness systems market.
Security & surveillance is expected to lead the application market for situational awareness. Situational awareness for security & surveillance is vital for homeland, cyber, maritime, and network security.
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.
There is a high demand for command and control systems in the situational awareness systems market. Command and control systems provide situational awareness for intelligence, force planning, readiness assessment, and deployment applications in a battlefield.
North America is expected to hold the highest share in the situational awareness systems market during the forecast period, and the market in APAC is expected to grow at the highest CAGR during the forecast period. This growth of the market in APAC can be attributed to the emerging nations such as China and Japan. The situational awareness systems market in APAC is at a developing stage and the ongoing development in this region makes it a lucrative and high-potential market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Situational Awareness Market, By Component Type
8 Situational Awareness Market, By Product
9 Situational Awareness Systems Market, By Application
10 Situational Awareness Market, By Industry Verticals
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/7hxh4w/situational
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Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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