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Signals Intelligence (SIGINT) Market Expected to Reach $23.3 Billion by 2030—Allied Market Research

 
2022
Signals Intelligence (SIGINT) Market

Report Code : A05645

quote Growing defense budgets of major countries across the globe may augment demand for signal intelligence (SIGINT), which may act as the major driving factor for the market. quote

Vitika Verma - Manager
ICT and Media at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Signals Intelligence (SIGINT) Market," The signals intelligence (sigint) market was valued at $15.5 billion in 2021, and is estimated to reach $23.3 billion by 2030, growing at a CAGR of 4.5% from 2022 to 2030.

Signal intelligence is the process of gathering information from a given target by collecting and analyzing electronic signals and communications. It functions by gathering intelligence through the use of signals. These signals could be transmitted between people or generated by electronic signals that are not directly used in the communication sector. It gives an organisation or individual information to help them make decisions and possibly gain a strategic advantage.

Signal intelligence market on the basis of type is divided into two categories: COMINT (Communications Intelligence), which is collected by accessing individual people' communication systems and ELNIT (Electronic Intelligence), which would be gathered by using sensors installed. ELNIT (Electronic Intelligence) has also been enlarged to include data collected from other kinds of signal interception and disruption. It is among the most important systems in military defense and is classified as Intellect, Monitoring, and Reconnaissance (ISR). Danger capabilities, structure, temperament, and intentions are all supplied by SIGINT systems. As a result, such facilities are anticipated to propel the growth of the signals intelligence market size.

The global signals intelligence market is segmented on the basis of type, solution, and region. By type, the market is classified into ELINT and COMINT. By solution, the analysis has been divided into airborne, ground, naval, cyber, and space. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The key players profiled in this report include BAE Systems., Thales Group, Northrop Grumman Corporation., Lockheed Martin Corporation., Raytheon Technologies Corporation, Elbit Systems Ltd., General Dynamics Corporation, Rheinmetall AG, L3Harris Technologies, Inc., and Mercury Systems, Inc.

The report focuses on the global signals intelligence market forecast and the major products & applications, where signal intelligence (SIGINT) is deployed. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for signal intelligence (SIGINT) in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

Impact of Covid-19

  • COVID-19's impact on businesses is redefining business models. The new coronavirus has had an impact on every organization. Organizations are attempting to restructure their supply chains in order to create a safe working environment.
  • The global signals intelligence industry has been forecasted to expand significantly during in the COVID-19 pandemic. Public health efforts to control outbreaks may benefit from signal intelligence. In contrast, health indicators have been resilient to the adoptive parents of government-led AI techniques such as SIGINT due to legal and ethical concerns.
  • Furthermore, during the COVID-19 emergency, key as well as inventive vendors in the SIGINT market are trying to implement successful methods including launching informative webcasts and attempting to enter into strategic partners in order to develop inside the international market. For example, CRFS, a major player in RF geolocation solutions, announced in July 2020 that it would launch the new series of webinars to support and educate the many working on electronic warfare.

Key Findings of the Study

  • On the basis of type, the COMINT segment emerged as the global leader in 2021 and is anticipated to hold highest signal intelligence market share during the forecast period.
  • On the basis of solution, the airborne signal intelligence segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
  • On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.

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quote Signals Intelligence (SIGINT) Market by Type (Electronic Intelligence (ELINT), Communications Intelligence (COMINT)), by Application (Airborne, Ground, Naval, Space, Cyber), by Mobility (Fixed, Man Portable): Global Opportunity Analysis and Industry Forecast, 2021-2030 quote

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