U.S (New York) – New research study titled “Situation Awareness System (SAS) Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Situation awareness is the information pertaining to the environment with respect to space and/or time, status, location and potential threats to important assets. The aim of this report is to analyze the present and expected future trends of the SAS market as it is projected that more organizations would opt for the system. The study covers a deep dive analysis of the market potential in all the key industry applications. The report analyzes opportunities in the developed and emerging economies so that companies can strategically make region specific plans.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Situation Awareness System Market Analysis by Product
The product market consists of fire & flood alarm systems, human machine interface (HMI), radio frequency identification (RFID), access control, radar, chemical biological radiological nuclear (CBRN) systems, command & control system, sonar, physical security information management (PSIM), and video systems. The fire and flood alarm system is one of the oldest mechanisms in situation awareness and the system is deployed in large volumes across industry verticals. Therefore, fire and flood alarm system has the largest market share in the present market. However, advances in video capturing technology and the clarity of the captured data have increased the deployment of video systems. Additionally, there are several technologies available in the market that can be used for video surveillance. Therefore, it is expected that video systems would grow at the highest rate in the market and outnumber most of the products in terms of revenue.
Situation Awareness System Market Analysis by Components
The components market includes sensors, global positioning system (GPS), microelectromechanical systems (MEMS)/gyroscopes. Sensors are being used in situation awareness for many years and in large volumes; therefore, sensors have the largest market share. However, GPS has emerged as a major component to track assets in real time and it is an easy to use component, which is integrated in various devices. Therefore, it is expected that GPS would have the highest growth in the market.
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Situation Awareness System Market Analysis by Industry Application
The industry applications of the market are military/defense, aviation, maritime security, cyber security, automotive, healthcare, construction, civil, homeland security and plant automation management. The military and defense departments have been using the SAS for several decades, as it is critical for their smooth and safe operation; therefore, military and defense has the highest revenue share. It is expected that the healthcare sector would have the highest growth rate, as technological advances in video systems would increase the deployment of these products in the healthcare sector.
Situation Awareness System Market Analysis by Geography
The geography market is segmented into various regions such as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America has the largest market share as the U.S. military has been using SAS since the Second World War and it had a ripple effect across other industries, increasing the deployment in other sectors. However, it is expected that Asia-Pacific would have the highest growth, as economic developments would make the SAS affordable for various industries to deploy the system.
Competitive landscape
Product launch is the top strategy adopted by companies to increase their market share as technological advances allow companies to constantly develop new and better products. Some of the key players profiled in the market are Advanced Micro Devices, Inc., Denso Corporation, General Electric, Honeywell International, Inc., Harris Corp., The Mariner Group, LLC, Microsoft Corporation, Proximex Corporation and Rockwell Collins.
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High level Analysis
The report analyzes the bargaining power of buyers & suppliers and the threat of substitute products and new entrants, based on the Porter’s five force model. The industrial applications are dependent on the services of product and technology providers. Therefore, the bargaining power of buyers is low. Since the market has big industry players such as Honeywell, GE, Microsoft etc., they have superior technical expertise, which increases their bargaining power. The threat of substitute products is low as the technology is still evolving and development of new products is difficult. Threat of new entrants is high as the technological expertise is not required. The impact analysis of the top ten factors affecting the market is provided for the current market situation and expected future scenario. The key investment pockets are analyzed based on the market estimations of each segment. The key strategies adopted by the companies are analyzed in detail to give implications of the competitive scenario.
KEY BENEFITS
Comprehensive analysis of the factors driving and limiting the growth of the market are provided
Market estimations are done as per the present market scenario and expected future trends for the period 2013-2020 with 2012 as base revenue
In-depth analysis of various geographies would give an understanding of the trends in various regions so that companies can make region specific plans
Deep dive analysis of segments such as components, communication technology, and networking technology provide insights that would allow companies to gain competitive edge
The in-depth discussion of the role of supply chain participants of the market provides value chain analysis
KEYDELIVERABLES
The market is segmented by products, components, industry verticals and geographies as follows:
By Products
Fire And Flood Alarm Systems
Human Machine Interface (HMI)
Helmet Mounted Displays (HMD)
Multi-Function Displays
Radio Frequency Identification (RFID)
Access Control
Radar
Chemical Biological Radiological Nuclear (CBRN) Systems
Command & Control System
Sonar
Active Sonar
Passive Sonar
Physical Security Information Management (PSIM)
Video Management System (VMS)
Geographic/Geospatial Information System (GIS)
Terrain Awareness And Warning Systems (TAWS)
Video Systems
Thermal Camera/Forward Looking Infrared (FLIR) Camera
Analog Cameras
HD Multi-Megapixel Camera
IP Cameras
Motion Detectors
Embedded Video Processor
Closed-Circuit Television (CCCTV)
Video Stabilizer And Encoder
Digital Video Recorder (DVR)
Network Video Recorder (NER)
By Components
Sensors
Network Sensors
Image Sensors
Electro-Optical/Infrared Sensors
Global Positioning System (GPS)
Microelectromechanical systems (MEMS)/Gyroscopes
By Industry Applications
Military/Defense
Unmanned Aerial Vehicle (UAV) &Unmanned Combat Air Vehicle (UCAV)
Unmanned Ground Vehicle (UGV)
Aviation
Air-Traffic Control
In Flight Situational Awareness
Maritime Security
Sensor Performance:
Data Fusion
Cyber Security
Automotive
Healthcare
Construction
Civil
Fire Safety
Weather Surveillance
Decision Aiding
Homeland Security
Others
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By Geography
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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