The latest research study “Situation Awareness System (SAS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global situation awareness system (SAS) market size reached US$ 29.85 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.29 Billion by 2027, exhibiting a growth rate (CAGR) of 8.10% during 2022-2027.
A situation awareness system (SAS) processes, identifies, and understands critical elements of information. In line with this, it collects, visualizes, and analyzes information regarding the surrounding as well as remote environment to facilitate surveillance and security. A situation awareness system is incorporated with cameras, sensors, global positioning systems (GPS), security systems, satellite imagery, etc., to enhance decision-making and manage life-threatening situations. It enables organizations across the globe to improve safety via threat identification, risk analysis, strategy planning, etc. Furthermore, a situation awareness system finds extensive applications in the military and defense sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Situation Awareness System (SAS) Market Trends and Drivers:
The growing territorial conflicts and geopolitical instability are primarily driving the situation awareness system (SAS) market. Additionally, the increasing focus on driver and passenger safety, owing to the rising number of fatal road accidents, the inflating popularity of luxury and hybrid vehicles, the emerging trend of remote working solutions, and the improving income levels of consumers are further catalyzing the market growth. Besides this, the expanding aviation sector and the elevating instances of aircraft accidents are augmenting the demand for situation awareness systems for improving safety and making flight operations more effective, which is acting as another significant growth-inducing factor. Moreover, the widespread adoption of SAS in small and medium-scale enterprises (SMEs) to minimize incidences of fraudulent online activities and eliminate the overall risk of data breaches is also positively influencing the global market. Apart from this, the introduction of the Internet of Things (IoT), edge computing, artificial intelligence (AI), machine learning (ML), etc., is anticipated to fuel the situation awareness system (SAS) market over the forecasted period.
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Situation Awareness System (SAS) Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Axis Communications AB (Canon Inc.), BAE Systems plc, Bertin Technologies SAS, Collins Aerospace (Raytheon Technologies Corporation), Elbit Systems Ltd., Honeywell International Inc., L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Nexvision, Northrop Grumman Corporation, Saab AB and The Boeing Company.
The report has segmented the market on the basis of component, type, platform and industry vertical.
Breakup by Component:
- Network Video Recorders (NVRs)
- Global Positioning System (GPS)
Breakup by Type:
- Command and Control System
- Fire and Flood Alarm System
- Radio Frequency Identification (RFID)
- Radar System
- Chemical, Biological, Radiological and Nuclear (CBRN) Systems
- Sonar System
- Physical Security Information Management (PSIM)/Access Control
Breakup by Platform:
Breakup by Industry Vertical:
- Military and Defense
- Marine Security
- Mining and Oil and Gas
- Cyber Security
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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