Introduction
Situation Awareness Systems (SAS) are witnessing significant adoption in line with their ability to assist in collecting, visualizing, and evaluating information related to the remote environment and surroundings. This growing adoption of the security systems can be attributed to their capability to facilitate surveillance and security. A wide range of industries are installing situation awareness systems, as they help in threat identification, risk analysis, assessment, and in developing course-of-action, with maximum application in the aerospace and military industries.
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Notable Highlights – Situation Awareness System Market
Some of the leading players operating in situation awareness system market are Microsoft Corporation, Honeywell International Inc., Rockwell Collins, Inc., BAE Systems, Inc., Lockheed Martin Corporation, Denso Corporation, D3 Security Management Systems, Inc., CNL Software Ltd., L-3 Communications Holdings Inc. and Harris Corporation.
- Northrop Grumman will develop an upgraded version of Modernized Radar Warning Receiver, the AN/APR-39E(V)2, for the US Army. The new radar warning receiver will provide enhanced situational awareness to users, with increased precision, as it can detect, locate, and identify a numerous threats.
- A leading player in global situation awareness system market, Honeywell International has entered into a partnership with AirMap, an airspace management platform for drones. Together the two companies will develop a drone tracking solution to provide airspace safety authorities with situational awareness about aircraft operations within an airspace system.
Manifold SAS Applications in Diverse Industries to Spur Sales of Situation Awareness System
The situation awareness system is gaining notable traction due to proliferating applications across diverse industry verticals, mostly in aerospace, military & defense, and marine securities. Several industries are adopting situation awareness systems for their applications, including enhanced security and surveillance, timely response, remote monitoring, real-time monitoring of events, and improved user experience. With the applications of SAS multiplying at a rapid pace, the situation awareness system market is likely to grow sustainably in the forthcoming years.
Growing Public Safety Concerns Auguring Well for Prospects of Situation Awareness System Manufacturers
Public safety and security demand highly efficient systems that promise safety of enterprises, civilians, and critical infrastructure against numerous threats, including organized crime and terrorism, information breach, illegal immigrations, and drug trafficking. The demand for public safety has grown significantly in recent years, owing to the increasing events of natural calamities. As a situation awareness system can help detect and prevent such unforeseen threats and events, these factors are likely to trigger growth in the global situation awareness system market.
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Sales of Situation Awareness Systems to Soar Amid Rising Government Investments
The burgeoning incidences of organized crime and terrorism, information breaches, progressing public infrastructure, manifold government initiatives and increasing security and surveillance expenditure are some of key propellers of situation awareness system market. Moreover, the growing recognition of SAS as powerful safety and security solution by military & defense and aerospace sector is driving growth in the situation awareness system market. Governments in several regions across the world have started taking initiatives to create awareness about security and surveillance by investing heavily in military & aerospace and aerospace security arrangements.
High Costs Associated with Implementation of Situation Awareness Systems Making Market Growth Challenging
The high costs associated with the implementation of safety and security systems are restraining the growth of situation awareness system market to an extent. Furthermore, the lack of highly-skilled professionals for operating situation awareness systems is hampering the adoption of such systems. The stakeholders in situation awareness system market are increasingly leveraging advanced technology to produce systems that need minimal implementation.
Segmentation- Situation Awareness System Market
The global situation awareness system market can be bifurcated on the basis of component, product type, and verticals.
By Component
- Displays
- Sensors
- Global Positioning System (GPS)
- Network Video Recorders (NVR)
- Others
By Product Type
- Radio Frequency Identification (RFID)
- Command & Control System
- Radar
- Chemical, Biological, Radiological, and Nuclear (CBRN) Systems
- Sonar
- Active Sonar
- Passive Sonar
- Fire & Flood Alarm System
- Physical Security Information Management (PSIM)
- Others
By Vertical
- Aerospace
- Industrial
- Military & Defense
- Marine Security
- Automotive
- Mining and Oil & Gas
- Healthcare
- Cyber Security
- Others
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