The Global Market for Situation Awareness System is Projected to Reach US$135 Billion by 2020

Need for Efficient Management of Security Risks & Threats to Drive the Global Situation Awareness System Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Situation Awareness System market. The global market for Situation Awareness System is projected to reach US$135 billion by 2020, driven by the need for efficient management of security threats, and emergence of new commercial applications & technology innovations.

Situation awareness is a concept that involves decision making by perceiving, comprehending and predicting scenarios. The field of situation awareness comprises various products, technologies and components designed to enhance the perception of environmental factors within a specific space and time. A situational awareness system (SAS) offers information related to the location of various critical assets, along with the state, location and status of potential threats facing such assets. Key solutions available in the SAS market include fire/flood alarm systems, human-machine interface (HMI), physical security information management (PSIM), control/command systems, access control, and video systems, among others. These solutions find applications in connected cars, business intelligence, robots, cultural resources, natural resources, disaster response, bio-surveillance, smart infrastructure management, logistics, and environmental impact tracking.

A major factor driving growth in the market is the increasing focus on efficient management of security risks and threats, against the backdrop of continuous rise in security infringement incidents the world over. Rising concern over security has led companies to deploy situation awareness systems that enable information integration through network-centric services, ensuring proper information flow in the communications process, and improvements in skills and work procedures. The growth in the market is also driven by technological developments, increased penetration of cloud computing services, and strong demand for next-generation data security solutions. Growing awareness over security and safety measures is driving the use of situation awareness systems in plant automation management, military & defense, homeland security, aviation, civil, maritime security, construction, cyber security, healthcare and automotive sectors. Demand is strong in the military sector, particularly for situational awareness systems enhanced with tracking and target acquisition capabilities.

As stated by the new market research report on Situation Awareness System, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific is set to emerge as the fastest growing market registering a CAGR of 10.9% over the analysis period.

Major players covered in the report include BAE Systems, CNL Software, D3 Security Management Systems, DRS Technologies Inc., General Dynamics Corporation, Harris Corporation, Honeywell International Inc., L-3 Communications Holdings Inc., Lockheed Martin Corporation, Microsoft Corporation, Northrop Grumman Corporation, Proximex Corporation, Raytheon Company, Rockwell Collins Inc., The Mariner Group LLC Inc., among others.

The research report titled “Situation Awareness System: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.

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