Maritime Situational Awareness System Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Lockheed Martin Corporation, BAE Systems PLC, Leonardo S.p.A

Registering a CAGR of 5.0% over the forecast period of 2022-2027, the global Maritime Situational Awareness System market is anticipated to reach the market value of US$ 22.8 billion in the year 2027 from US$ 17.5 billion in the year 2020.

Maritime Situational Awareness System Market Overview

The growth in piracy, maritime boundary violations, smuggling and trafficking, terrorism, and rising tensions among countries over territorial waters, etc., is driving the governments to enhance their maritime situational awareness capabilities, thereby propelling the evolution of the market. Counties around the world are heavily investing in the development, growth, modernization, and up-gradation of their existing naval fleet. The development and procurement of new naval vessels such as frigates, submarines, etc. are anticipated to produce demand for newer generation sea-based situational awareness systems for surveillance and threat detection purposes.

The report aspects discussed the profile of the top manufacturers of the global Maritime Situational Awareness System market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Maritime Situational Awareness System Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Maritime Situational Awareness System Market?

The global Maritime Situational Awareness System includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Lockheed Martin Corporation, BAE Systems PLC, Leonardo S.p.A, Elbit Systems Limited, Thales Group, FLIR Systems, HENSOLDT, Saab AB, Thales Group, L3 Harris Technologies Inc., Northrop Grumman Corporation and Others.

Industry News:

• Lockheed Martin Awarded $24M Contract To Continue Maritime Surveillance Systems For Anti Submarine Warfare -- SAN DIEGO, Oct. 14; Advanced acoustic processing and tracking capabilities delivered by Lockheed Martin (NYSE: LMT) will enhance underwater surveillance and help boost situational awareness for the U.S. Navy fleet. Lockheed Martin has been awarded a follow-on contract from the Navy's Space and Naval Warfare Systems Command to offer technology updates and new concepts to detect and track submarines. This contract extension is valued at $24 million.


• The Jamaican coastline protected with Thales’ high technology -- Jamaica’s Defence Force obtains a coastal surveillance system including the Gecko system and the Coast Watcher 100 radar. The goal of the Jamaican authorities is to neutralize the threat of piracy and smuggling operations in difficult environments (high seas, rain, etc.) as well as low-altitude aerial threats.

What are the major Applications, Types and Regions for Maritime Situational Awareness System Market?

Maritime Situational Awareness System Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Command And Control


• RADARs


• Optronics


• SONARs

By Component, it is segmented into

• Sensors


• Displays And Notification Systems


• Other Components

By Applications, it is segmented into

• Aviation


• Military Project

Maritime Situational Awareness System Market Regional Analysis

Asia-Pacific region is expected to be the fastest-growing in the Maritime Situational Awareness System market, and it is predicted to increase at a CAGR of 4.2% during the forecast period. Countries such as China, India, Australia, Japan, South Korea, and others in the Asia-Pacific region intensely raise their spending on the development and procurement of maritime situational awareness systems to improve their battle preparedness at sea.

North America region is projected to experience the major share in the maritime situational awareness systems market during the forecast period. The increasing use of situational awareness in military and defense, maritime security, homeland security, and aviation applications is credited with the expansion.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Maritime Situational Awareness System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Maritime Situational Awareness System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Maritime Situational Awareness System Market report scope?

Scope of the Report covers Maritime Situational Awareness System Market with detailed analysis of the overall scenario for the market. It also highlights the business participant’s environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Maritime Situational Awareness System Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Maritime Situational Awareness System Report

• Evaluate Maritime Situational Awareness System market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Maritime Situational Awareness System market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.