Market Size of Land-based Situational Awareness Systems Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 4.22 Billion |
| Market Size (2029) | USD 5.30 Billion |
| CAGR (2024 - 2029) | 4.69 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Land-based Situational Awareness Systems Market Analysis
The Land-based Situational Awareness Systems Market size is estimated at USD 4.22 billion in 2024, and is expected to reach USD 5.30 billion by 2029, growing at a CAGR of 4.69% during the forecast period (2024-2029).
The surge in defense expenditure globally has aided the procurement of advanced armoured vehicles and has also propelled the growth of new situational awareness systems. With the integration of the advancement of technologies, new innovative products are entering the market, which will help the armed forces to increase situational awareness against multiple threats. Such developments are anticipated to bolster the growth of the market in the coming years.
The market studied is likely to grow steadily over the forecast period due to the growing demand for enhanced imaging capabilities for various manned and unmanned systems. These systems make use of EO/IR sensors. Countries have been progressively adopting these systems to increase their situational awareness. The demand for smart sensors with increased imagery capabilities has been driving the payload development of unmanned systems. One of such challenge is to meet the criteria of integrating high-performance systems for onboard processing within the size, weight, and power constraints.
