Significant Growth Opportunities in the Situational Awareness Market

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MarketsandMarkets Presents

Significant Growth Opportunities in the
Situational Awareness Market Situational
Awareness Market by Component (Sensors, GPS,
Gyroscopes), Products (Fire Flood Alarm
Systems, HMI, RFID Solutions), Applications
(Robots, Smart Infrastructure Management, CBRN
Systems), Industry, and Geography - Global
Forecast 2025 https//www.marketsandmarkets.com/M
arket-Reports/situation-awareness-system-market-12
72.html
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The Situational Awareness Market is projected to
reach USD 21.8 billion by 2025 from an
estimated USD 17.2 billion in 2020, at a CAGR of
4.9 from 2020 to 2025. Growing demand for
situational awareness solutions in aviation and
military, use of mobility solutions transforming
military tactical operations, and the increasing
importance of situational awareness in cyber
security to provide significant situational
awareness are the major factors driving the
growth of the situational awareness market.
Rising digitization in infrastructure to provide
significant opportunities for situational
awareness, the significance of situational
awareness in the energy sector to provide
opportunities, and the implementation of
situational awareness in space projects are
expected to provide growth opportunities to the
situational awareness market. Browse 109 market
data Tables and 57 Figures spread through 180
Pages and in-depth TOC on "Situational Awareness
Market - Global Forecast 2025"
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By product, RFID solutions of the situational
awareness market are projected to register the
highest CAGR between 2020 and 2025 Radio
frequency identification (RFID) solutions have
given a new dimension to the tracking and tracing
of goods by offering easy and cost-effective
solutions to control theft and counterfeiting,
and increase the efficiency of situational
awareness solutions across all applications,
which would further propel market growth. Ask
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By industry, the military defense segment is
expected to witness the highest CAGR during the
forecast period Situational awareness plays a key
role in the military and defense industry for
improved safety and security. The increased need
for safety and security, as well as space
situational awareness, is expected to drive the
situational awareness market for the military and
defense industry. Request Free Sample
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mpleNew.asp?id1272 Among applications, the
security and surveillance segment is projected to
grow at the highest rate during the forecast
period Situational awareness for security
surveillance is important for homeland security,
cyber security, maritime security, and network
security. With increased terrorism, organized
crime, hijacking, hostage-taking, refugee
smuggling, narcotics trading, illegal underwater
activities, the situational awareness market for
security and surveillance is also expected to
grow.
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By region, Asia Pacific is estimated to grow at
the highest rate during the forecast
period   This growth in the situational awareness
market in APAC can be attributed to the
increasing demand for situational awareness
systems in the military defense sector in this
region. Situational awareness systems are used
for safety and security purposes in the military,
aviation, homeland security, cyber security, and
industrial sectors.
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