SIGINT Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030
The Global Signals Intelligence Market size was valued at USD 13,745 million in 2021 and is predicted to be worth USD 19,719 million by 2030, with a CAGR of 4.3% from 2022 to 2030.
Growing national security concerns have opened up a variety of possibilities for signal intelligence systems around the world, which is expected to be the primary factor driving the signals intelligence market. Aside from that, the exponential expansion in financial allocation for defense services such as aerial, marine, and ground forces by governments throughout the world is expected to propel the signals intelligence (SIGINT) market growth even further.
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Signal intelligence is a system that obtains information or data by intercepting signals, whether they are human-to-human communication methods or signal amplification that is not immediately employed in communication. Its primary goal is to comprehend a country's opponents' terrorizations, operations, and objectives. Signals Intelligence is a crucial tool in determining what armed services and other intimidations a country may require to protect it against rivals, and can thus serve as a road map for the most efficient courses of action to grasp or implement to assure vigilance. SIGINT is most typically used by the defense or intelligence service professionals who must deal with messages and data collected from one or more parties via any type of communications, electronic, or diplomatic instrumentation signals intelligence, regardless of how the information was delivered. This could include textual notes, communication strategies, data from military hardware or radar, and so on.
Drivers
- The growing number of terrorist attacks worldwide
- Rising defense expenditures in major economies
- Replacement of an outdated defense system
- Increasing use of geospatial intelligence
Restraints
- The high cost of deploying a signals intelligence system
- Lack of capacity to address multiple threats
Opportunities
- Rising demand for cyber intelligence
- Rapidly increasing issues concerning national security
Report Coverage
| Market | Signals Intelligence Market |
| Market Size 2021 | USD 13,745 Million |
| Market Forecast 2030 | USD 19,719 Million |
| CAGR During 2022 - 2030 | 4.3% |
| Analysis Period | 2018 - 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2030 |
| Segments Covered | By Type, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | General Dynamics Mission Systems, Inc., Thales Group, BAE Systems PLC, Northrop Grumman Corporation, National Instruments Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Raytheon Company, ThinkRF Corp., and Harris Corporation |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Signals Intelligence (SIGINT) Market Dynamics
Signal intelligence (SIGINT) is a critical system in the defense sector, and the military is divided into three branches such as surveillance, intelligence, and reconnaissance. The key reasons fueling the rise of the signals intelligence (SIGINT) business are increased terrorist activity, more advances in emerging nations' defense budgets, and the rebuilding of aging defense systems. The growing use of signals intelligence (SIGINT) technologies in a variety of industries, including the government, as well as public sector, is creating financial prospects for the system. Besides that, the expensive installment cost connected with the device would limit the signals intelligence market trend.
Furthermore, factors such as the value of domestic surveillance vigilance, criminal agencies, and government organizations, increased demand from military systems, and an increase in the number of intelligence operating units are moving the market ahead. Increased usage of electronic intelligence technologies is also expected to drive the signals intelligence market value. Furthermore, rising equipment prices and these technologies' ability to track many threats at the same moment are expected to hinder this market. Nations all across the world are investigating and appealing to new and innovative concepts for military equipment in order to cut costs.
Aside from that, the market for signals intelligence (SIGINT) is transitioning from a defensive strategy to commercial providers. For instance, relatively low defense spending in several emerging economies, such as Germany, France, Saudi Arabia, and the United Kingdom, might impair demand for SIGINT systems in the near future, posing a barrier to the SIGINT market's size.
Signals Intelligence (SIGINT) Market Segmentation
The global signals intelligence market segmentation based on the type, application and geographical region.
Market by Type
- Electronic Intelligence (ELINT)
- Communications Intelligence (COMINT)
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Based on the type, the electronic intelligence segment is projected to dominate the global market in 2021. Electronic intelligence (ELINT) is information obtained through the use of electronic sensors. The ELINT is widely used in administering the organization is disrupted and isolated places by keeping ground soldiers, aviators, and mariners in connect with the central controller and gathering important data about the opponents' electronic defensive system network. When employed tactically, ELINT technology can be integrated into a weapons platform's Electronic Support Measure suite, allowing for detection and passive geo-location. The rising adoption of technological advancements by defense departments throughout the globe is predicted to boost sector growth and signals intelligence market share over the projected timeframe.
Market by Application
- Airborne
- Naval
- Ground
- Cyber
- Space
Based on application, the global market has been segmented into ground, naval, airborne, space, and cyber. According to the signals intelligence market forecast, the Cyber segment is predicted to develop at the fastest rate in the market. The rapid advancement of technology has resulted in a surge in cybercrime activity all around the world. As a result, organizations and individuals have become subject to threats like malicious hackers, cyber terrorism, targeted infiltration, script-kiddies, and other related threats. The cyber-solution contributes to the resolution of these issues by analyzing the data from the operation, which when allocated could also lead to the source of the invasion. The rapidly increasing digitalization of this industry is anticipated to open up new channels for cybercriminal activity, and the danger is higher than in any other industry. A breach of a country's current cyber defense strategies has the potential to cause enormous economic and resource loss over time.
Signals Intelligence (SIGINT) Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
The Middle East & Africa (MEA)
- Gulf Cooperation Council (GCC)
- South Africa
- Rest of the Middle East & Africa
North America is projected to significantly affect the worldwide signals intelligence (SIGINT) industry as military forces continue improving and more technologically sophisticated SIGINT equipment is developed. Furthermore, growing military support for foreign nations, as well as increasing terrorist acts, is key forces driving the regional signals intelligence (SIGINT) industry. The US government has taken steps to equip its marine, ground, and air forces with modern signals intelligence (SIGINT) technologies. Terrorist attacks have become more common in recent years, forcing the region's authorities to implement strict physical security measures. As a result, businesses in the region are working actively on new product development techniques in order to give enhanced security solutions to the defense sector.
Signals Intelligence (SIGINT) Market Players
Some of the prominent global signals intelligence market companies are General Dynamics Mission Systems, Inc., Thales Group, BAE Systems PLC, Northrop Grumman Corporation, National Instruments Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Raytheon Company, ThinkRF Corp., and Harris Corporation.
Frequently Asked Questions
How much was the global signals intelligence market size in 2021?
The global signals intelligence market size in 2021 was accounted to be USD 13,745 Million.
What will be the projected CAGR for global signals intelligence market during forecast period of 2022 to 2030?
The projected CAGR of signals intelligence during the analysis period of 2022 to 2030 is 4.3%.
Which are the prominent competitors operating in the market?
The prominent players of the global signals intelligence market involve General Dynamics Mission Systems, Inc., Thales Group, BAE Systems PLC, Northrop Grumman Corporation, National Instruments Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Raytheon Company, ThinkRF Corp., and Harris Corporation.
Which region held the dominating position in the global signals intelligence market?
North America held the dominating share for signals intelligence during the analysis period of 2022 to 2030.
Which region exhibited the fastest growing CAGR for the forecast period of 2022 to 2030?
Asia-Pacific region exhibited fastest growing CAGR for signals intelligence during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global signals intelligence market?
The growing numbers of terrorist attacks globally, rising defense expenditures in major economies, and increasing use of geospatial intelligence are the prominent factors that fuel the growth of global signals intelligence market.
By segment type, which sub-segment held the maximum share?
Based on type, electronic intelligence (ELINT) segment held the maximum share for signals intelligence market in 2021.
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