Situation Awareness System Market To Reach $168 Billion By 2020

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The report “Situation Awareness System Market by Products (Access Control, PSIM, HMI, Video Systems, CBRN), Verticals (Homeland Security, Defense), Applications (Robots, Business Intelligence, Connected Cars, Smart Infrastructure) & Geography (2013 – 2020)″ by MarketsandMarkets is now available at RnRMarketResearch.com. The total market is expected to generate revenue of $168.25 billion by 2020 growing at an estimated CAGR of 10.13% from 2013-2020.

Situation awareness system (SAS) market the beginning of a safe and secured environment characterized by new SAS products and components in market, increasing the use of technology integrated with software and hardware.

The main aim behind SAS is to review and synthesize the relevant literature on situation awareness which includes various descriptions of the constituents of situation awareness and the information on the cognitive variables. The total global situation awareness system market is expected to reach market revenue of $168.25billion by 2020. In terms of industry verticals, defence accounted for the largest market revenue, while civil enjoyed the least market share.

For SAS products, video systems accounted for the largest market revenue, while Physical Security Information Management (PSIM) systems enjoyed the least market revenue in 2012.

However, PSIM is expected to grow at an exponential CAGR during the forecast period, i.e. 2013 to 2020.Americas, with U.S. commanded for around 60% of the market share revenue.

However, Asia–Pacific, China, South Korea and India leading the market, and is likely to grow with a highest CAGR during the same period.[…]

Source: blogspot.com
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