Situation Awareness System (SAS) Market to Witness High Revenue Growth During 2019 – 2022

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The Objective of the “Global Situation Awareness System (SAS) Market” report is to depict the trends and upcoming for the Situation Awareness System (SAS) industry over the forecast years. Situation Awareness System (SAS) Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

Situation Awareness Systems Market (SAS Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $32.6 billion by 2022, registering a CAGR of 8.2% during the period 2016-2022. North America dominates the global situation awareness systems market, owing to the huge demand for situation awareness systems in the United States.

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Based on product type, the global situation awareness systems market is segmented into command & control system; fire & flood alarm systems; radio frequency identification (RFID); radar; chemical, biological, radiological, and nuclear (CBRN) systems; sonar; physical security information management (PSIM)/ access control (including HMI); and others.

The key components of situation awareness systems include network video recorders (NVR), sensors, global positioning system (GPS), displays, and others. Presently, displays segment drives the global situation awareness systems market by component, accounting for 44.4% share of the overall market in 2015. Displays offer visual representation of the data captured from devices such as network video recorders and surveillance cameras and find widespread applications in numerous industries. Furthermore, the global Situation Awareness Systems market is analyzed based on geography into North America, Europe, Asia-Pacific, and LAMEA. North America dominated the global situation awareness systems market, accounting for 42% share of the overall market revenue in 2015. This region is expected to continue its dominance during the forecast period. From a growth perspective, Asia-Pacific is anticipated to witness the highest growth among all the regions. The SAS market in Asia-Pacific is projected to grow at a CAGR of 9.9% during the forecast period, owing to the presence of several key SAS providers and increasing demand for security and surveillance in countries such as India, China, and Japan.

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Driving factors for the market

  1. Increasing application of SAS in military & defense, industrial and cyber security
  2. Increasing public safety concern due to increasing incidences of cyber-attack and terrorism
  3. Rising income, high adoption of smart appliances, and rising per capita income in the developing regions
  4. Rising government investment

Key Players: Situation Awareness System (SAS) Market

  •  Honeywell International Inc.
  •  Rockwell Collins, Inc.
  •  BAE Systems, Inc.
  •  Microsoft Corporation
  •  Denso Corporation
  •  D3 Security Management Systems, Inc.
  •  Lockheed Martin Corporation
  •  Harris Corporation
  •  CNL Software Ltd.
  •  L-3 Communications Holdings Inc

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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