Global Situation Awareness Systems (SAS) Devices Market is Estimated to Reach $35 Billion by 2025, Says Accurize Market Research
Global Situation Awareness Systems (SAS) Devices Market report published by Accurize Market Research forecast that the global market is expected to reach $35 billion by 2025; growing at a CAGR of 8% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising concern over public safety & security and development of smart infrastructure to drive the growth of the market
Rising concern over public safety and security, increasing demand for next generation security solutions and development of smart infrastructure fuels the demand for the global situation awareness systems (SAS) market. Moreover,growing adoption of SAS for disaster management also boost the growth of the market.
The global situation awareness systems (SAS) market has been bifurcated on the basis of type, component type, application, and geography. Type is segmented as radar, radio frequency identification (RFID), command and control system, physical security information management (PSIM), fire and flood alarm system, and others. Component type includes sensors, displays, network video recorders, global positioning systems (GPS), MEMS and others. By application, the market is categorized as cyber security, military and defense, aerospace, healthcare, marine security, industrial, automotive, mining, oil and gas, and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the world (RoW) covers South America, Middle East and Africa.
“North America is expected to hold the highest market share in the SAS market during the forecast period ", says Accurize
North America is anticipated to hold the highest market share in the situational awareness systems market during the forecast period 2017-2025 and the market in Asia-Pacificisestimated to grow at the highest CAGR during the forecast period. The growth of the market in Asia-Pacific can be accredited to the emerging nations such as China and Japan. The situational awareness systems market in Asia-Pacific is at a emerging stage and the ongoing development in this region makes it a profitable and high-potential market.
Top players in the market
The key market players include Lockheed Martin Corporation, Advanced Micro Devices, Inc., BAE Systems, Microsoft Corporation, Qualcomm Inc., Barco, Rockwell Collins Inc., Denso Corporation, Harris Corporation, and Honeywell International Inc. among others.
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