Land-based Situational Awareness Systems Market Size
| 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.
Land-based Situational Awareness Systems Market Trends
The Sensors Segment is Anticipated to Show Significant Growth During the Forecast Period
The sensors segment of the market is anticipated to witness the highest growth during the forecast period. The advancement in technology is supporting the miniaturization of electronics. This miniaturization of electronics is catering to the demand for advanced sensors which will help the end-users to enhance situational awareness of the land systems. For instance, in July 2023, RTX Corporation was awarded a USD 117.5 million contract by the US Army for low-rate initial production of 3rd generation forward-looking infrared (3GEN FLIR) B-Kit sensors. The advanced targeting sensor systems enhance lethality, survivability, and situational awareness in environments, providing combat overmatch for the Army's ground combat platforms.
Similarly, in February 2022, General Dynamics Mission Systems was awarded a USD 5.5 million delivery order for the sustainment of existing Prophet Enhanced sensor systems. The advanced targeting sensor systems enhance the lethality, survivability and situational awareness in austere environments, providing combat overmatch for the Army's ground combat platforms. The development of such advanced sensors is expected to accelerate the growth of the market during the forecast period.
Asia-Pacific Region is Expected to be the Fastest Growing Market During the Forecast Period
In recent years, there has been significant increase in military budgets of countries such as China, India and Japan, among others. Growing cross border conflicts, political disputes between China-India and China-Taiwan, and rising terrorist activities leads to strengthening of defense capabilties from major countries. In 2022, China and India were the second and fourth largest defense spenders in the world with a defense budget of USD 292 billion and USD 81.4 billion respectively.
The countries are acquiring new and advanced armoured vehicles with intelligence, surveillance and reconnaissance capabilities and situational awareness systems. The countries are also procuring sophisticated situational awareness systems for the infantry soldiers. For instance, in August 2023, Elbit Systems, a partner of Hanwha Defence Australia, announced that it had been selected by the Government of Australia as the preferred bidder for the Australian Land400 Phase 3 project. Also, in September 2023, BAE Systems and Larsen & Toubro Limited (L&T) partnered to bring an all-terrain vehicle, the BvS10, to the Indian market. The two companies have forged a licensing and manufacturing agreement to offer the BvS10 for the articulated all-terrain vehicle (AATV) for the Indian armed forces. Such plans of the governments to integrate advanced systems into armed forces to enhance the combat readiness of the military personnel are expected to drive the growth of the market in the region.
Land-based Situational Awareness Systems Industry Overview
The land-based situational awareness systems market is consolidated with few players holding the majority share of the market. Some of the prominent players in the land-based situational awareness systems market are Leonardo S.p.A., THALES, Elbit Systems Ltd., BAE Systems plc, and Safran. The procurement of new and advanced situational awareness by the countries is expected to help the companies increase their market share. Investment by companies in the research and development of advanced and innovative products will support the expansion of their footprint in various regions, in situational awareness business. Further, the rivalry in the market is anticipated to increase due to the venturing of new players in the market. These new players are existing players in the defense market, who support visual systems for airborne and naval applications. This system is anticipated to improve the local situational awareness of personnel in armoured vehicles.
Land-based Situational Awareness Systems Market Leaders
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Elbit Systems Ltd
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BAE Systems PLC
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Leonardo S.p.A.
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Safran
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THALES
*Disclaimer: Major Players sorted in no particular order
Land-based Situational Awareness Systems Market News
In August 2023, the US Army received the first 20 prototype integrated visual augmentation systems (IVAS) 1.2 variants. IVAS is an all-in-one platform that includes an all-weather combat visor and a mixed reality heads-up display that integrates next-gen situational awareness tools and ultra-high-resolution simulations to improve soldier mobility and lethality day or night.
In September 2022, the Luxembourg Directorate of Defence (DDA) awarded a contract for the supply of 80 CLRV (Command, Liaison and Reconnaissance) vehicles to the Luxembourg Army, to be supplied by Thales.
Land-based Situational Awareness Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Component
- 5.1.1 Sensors
- 5.1.2 Displays and Notification Systems
- 5.1.3 Other Components
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5.2 Type
- 5.2.1 Command, Control, Communication and Computer
- 5.2.2 RADARs
- 5.2.3 Optronics
- 5.2.4 Other Types
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Rest of Latin America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Turkey
- 5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Hensoldt AG
- 6.2.2 Elbit Systems Ltd.
- 6.2.3 BAE Systems PLC
- 6.2.4 RTX Corporation
- 6.2.5 Limpid Armor
- 6.2.6 Petards Group PLC
- 6.2.7 Kappa optronics GmbH.
- 6.2.8 Opgal Ltd.
- 6.2.9 Safran
- 6.2.10 THALES
- 6.2.11 Leonardo S.p.A.
- 6.2.12 Indra Sistemas, S.A.
- 6.2.13 L3Harris Technologies, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityLand-based Situational Awareness Systems Industry Segmentation
Land-based situational awareness systems, cover a wide range of distinct technologies, based on targets and their missions. These sensors include both visible spectrum and infrared sensors, due to which EO/IR systems provide total situational awareness during both day and night, even in low light conditions. Land-based situational awareness systems can be deployed in many ways. They are mounted on vehicles and can be man-portable. Their applications include but are not limited to security, combat, patrol, surveillance, reconnaissance, and search and rescue operations.
The land-based situational awareness systems market is segmented based on component, type, and geography. By component, the market is segmented into sensors, display and notification systems, and other components. The other components include acoustic systems and cameras. By type, the market is segmented into command, control, communication and computer, RADARs, optronics and other types. The other types includes gunshot detection system, laser warning and local situational awareness system. The report also covers the market sizes and forecasts for the land-based situational awareness market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Component | Sensors | |
| Displays and Notification Systems | ||
| Other Components | ||
| Type | Command, Control, Communication and Computer | |
| RADARs | ||
| Optronics | ||
| Other Types | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Turkey | ||
| Rest of Middle-East and Africa |
Land-based Situational Awareness Systems Market Research FAQs
How big is the Land-based Situational Awareness Systems Market?
The Land-based Situational Awareness Systems Market size is expected to reach USD 4.22 billion in 2024 and grow at a CAGR of 4.69% to reach USD 5.30 billion by 2029.
What is the current Land-based Situational Awareness Systems Market size?
In 2024, the Land-based Situational Awareness Systems Market size is expected to reach USD 4.22 billion.
Who are the key players in Land-based Situational Awareness Systems Market?
Elbit Systems Ltd, BAE Systems PLC, Leonardo S.p.A., Safran and THALES are the major companies operating in the Land-based Situational Awareness Systems Market.
Which is the fastest growing region in Land-based Situational Awareness Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Land-based Situational Awareness Systems Market?
In 2024, the North America accounts for the largest market share in Land-based Situational Awareness Systems Market.
What years does this Land-based Situational Awareness Systems Market cover, and what was the market size in 2023?
In 2023, the Land-based Situational Awareness Systems Market size was estimated at USD 4.02 billion. The report covers the Land-based Situational Awareness Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Land-based Situational Awareness Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Land-based Situational Awareness Systems Industry Report
Statistics for the 2024 Land-based Situational Awareness Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Land-based Situational Awareness Systems analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
