Signals Intelligence (SIGINT) Market
According to the report, the global signals intelligence (SIGINT) market generated $15.5 billion in 2021, and is expected to reach $23.3 billion by 2030, witnessing 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.
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Increase in defense budgets of major countries across the globe and rise in adoption of advanced and innovative technologies and products drive the growth of the global signals intelligence market. However, budgetary constraints and lack of skilled personnel restrain the market growth. On the other hand, the emergence of solutions that enable air-force management, situational awareness, and extensive collaborative mission planning presents new opportunities.
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.
Covid-19 Scenario
The Covid-19 pandemic led to a significant rise in government surveillance tactics across the world, primarily through the mobile phone applications. This greatly impacted the signal intelligence market. The R&D activities and production activities of innovative signal intelligence systems were stopped completely or partially during the lockdown. This impacted the overall revenue of the market negatively.
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Based on application, the airborne segment contributed the highest market share in 2021, accounting for more than four-fifths of the global signals intelligence industry. This is attributed to adoption of signal intelligence systems to achieve universal situational awareness, air-force management, and extensive collaborative mission planning. However, the cyber segment is expected to manifest the fastest CAGR of 5.2% from 2022 to 2030, owing to increase in number of cyber-attacks globally.
Based on type, the electronic intelligence (ELINT) segment held the highest market share in 2021, contributing to more than half of the global signals intelligence market. This is attributed to the utilization of ELINT to gather information regarding radars and operational methods of enemy and ensure national safety and border security. However, the communications intelligence (COMINT) segment is estimated to witness the largest CAGR of 6.1% from 2022 to 2030, owing to increase in adoption of technologies such as artificial intelligence in electronic warfare, machine learning, and 5G by military departments across the world.
Based on region, North America accounted for the highest market share in terms of revenue in 2021, accounting for nearly one-third of the global signals intelligence market, and is expected to maintain its dominance in terms of revenue by 2030. This is attributed to heavy investments in the defense sector in countries including the U.S. and Canada. However, Asia-Pacific is estimated to register the fastest CAGR of 5.0% during the forecast period. This is due to rise in security & border threats from neighboring countries, technological advancements, and rapid economic development in China, India, Russia, and South Korea.
Leading Market Players
BAE Systems
Thales Group
Northrop Grumman Corporation
Lockheed Martin Corporation
Raytheon Company
Elbit Systems Ltd.
General Dynamics Corporation
Rheinmetall AG
Mercury Systems Inc.
Harris Corporation
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