Market Share of Maritime Situational Awareness Systems Industry
The maritime situational awareness market is semi-consolidated in nature. Lockheed Martin Corporation, Elbit Systems Ltd, BAE Systems PLC, Leonardo SpA, and THALES are some of the prominent players in the market studied. The market is driven by large-scale investments in research and development from key players in the field of technologies such as space-based network-centric data sharing, artificial intelligence, etc. The maritime situational awareness systems market has seen increasing demand with the incorporation of new products and equipment that are ready to be commissioned into the naval forces, such as network sensors, temperature sensors, and other equipment. Market players are expected to enjoy a healthy growth in revenue owing to fleet expansion and modernization efforts from navies across the world and several long-term contracts that are awarded for situational awareness technologies.
Maritime Situational Awareness Systems Market Leaders
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Lockheed Martin Corporation
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Leonardo S.p.A.
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BAE Systems plc
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THALES
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Elbit Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
