Market Share of Situational Awareness Systems Industry
The situational awareness systems market is fragmented, with many players accounting for a significant share. Some of the prominent companies in the market are Honeywell International Inc., Raytheon Technologies Corporation, BAE Systems PLC, Lockheed Martin Corporation, and Rheinmetall AG, among others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may help with new technologies. The major players are working to include the latest technologies like machine learning to be incorporated with situational awareness systems to allow space operators to identify abnormal activities and predict possible threats. For instance, in August 2019, BAE Systems announced that it won the US Defense Advanced Research Projects Agency (DARPA) contract to develop machine learning capabilities for space-based situational awareness for the country's military.
Situational Awareness Systems Market Leaders
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Honeywell International Inc.
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Raytheon Technologies Corporation
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BAE Systems plc
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Lockheed Martin Corporation
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Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
