Home > Media & Technology > Security and Surveillance > Situational Awareness Market

Situational Awareness Market Share

Report ID: GMI8943
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Situational Awareness Market Share

RTX Corporation and Lockheed Martin Corporation hold a significant share of over 15% in the situational awareness industry. RTX Corporation holds a major share in the situational awareness industry due to its strong emphasis on innovation, robust research and development in defense and aerospace technologies, and comprehensive solutions in air traffic management, surveillance, and communication systems that enhance operational efficiency and safety in critical environments.

Lockheed Martin Corporation holds a significant share in the situational awareness market because of its extensive expertise in aerospace and defense, advanced technology solutions in surveillance, reconnaissance, and mission systems, and a strong portfolio of products and services that support enhanced decision-making and operational effectiveness for military and civilian applications.

Situational Awareness Market Companies

Major companies operating in the situational awareness industry are:

Lockheed Martin Corporation
RTX Corporation
Thales Group
Honeywell International Inc.
L3harris Technologies
Northrop Grumman Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of situational awareness was USD 18.5 billion in 2023 and will exhibit a 5% CAGR between 2024 and 2032, owing to increasing need for real-time data analysis and decision-making across various sectors, including defense, healthcare, and transportation.

The sensors segment captured 20% of the market share in 2023, attributed to the growing demand for real-time data collection and analysis across industries, such as defense, homeland security, and aviation.

North America market registered 30% revenue share in 2023, due to the presence of advanced technological infrastructure and high adoption rate of situational awareness solutions across sectors like defense, public safety, and transportation.

Leading market players are Lockheed Martin Corporation, RTX Corporation, Thales Group, Honeywell International Inc., L3harris Technologies, Northrop Grumman Corporation among others.