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The Asia Pacific Situation Awareness Systems Market Size is anticipated to experience a growth rate of 10.6% CAGR during the forecast period (2016 - 2022).
Situation awareness systems (SAS) are a form of security systems which are used in collecting, visualizing, and analyzing, information related to the surrounding and remote environment. The technology is largely used to facilitate surveillance and in security needs. Additionally, the technology is used in threat identification, assessment, strategy planning, risk analysis, course-of-action development, finding maximum application in military and aerospace industries. The growing incidence of natural disasters, especially in the Asia-Pacific region would also contribute to the market growth during the forecast period.
Limited awareness about the benefits of SAS technology among the end user would be a factor that would hamper the growth of SAS market, globally. Based on the Product type, the Situation Awareness System market is segmented into Command & Control System, Fire & Flood Alarm System, Radar, SONAR, Physical Security Information Management, Radio Frequency Identification Chemical Biological Radiological Nuclear (CBRN) Systems, and Others. Based on Component, the market is segmented into Network Video Recorders, Sensors, Global Positioning System, Display, and Other Components.
Based on Vertical, the market is segmented into Military & Defense, Aerospace, Healthcare, Marine Security, Cyber Security, Automotive, Mining & Oil & Gas, Industrial, and Others. Based on country, Situation Awareness System market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific. China remained the dominant region in the Asia-Pacific Situation Awareness System market in 2015. India and Japan would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Situation Awareness System market. Key company profiles of Microsoft Corporation, Axis Communications AB, L-3 Communications Holdings, Inc., Danaher Corporation, Excelitas Technologies Corp, Harris Corporation, D3 Security Management Systems Inc., BAE Systems and Honeywell International, Inc.