Global Signals Intelligence (SIGINT) Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
The Signals Intelligence (SIGINT) can be defined as category of intelligence gathering, mostly utilized by military and intelligence agency personnel. Signals intelligence is done through collection and analysis of the electronic signals generated by specific devices. These devices include communications systems, radars, and weapons systems among others. The growing defence spending worldwide and rising concern over national security and increasing adoption of Signals Intelligence systems are factors that are accelerating the global market demand. For instance, according to Stockholm International Peace Research Institute (SIPRI) estimates - during 2020, the global military expenditure was estimated at USD 1981 billion, and it further increased to USD 2113 billion in 2021. During 2021, the five largest spender countries were United States (USD 801 billion), China (USD 293 billion), India (USD 76.6 billion), UK (USD 68.4 billion), and Russia (USD 65.9 billion). Furthermore, the rising adoption of these systems would influence the growth of Signals Intelligence (SIGINT) Market. These five countries accounted for around 62% of military expenditure. For instance, in November 2021, France launched its first operational constellation of communications intelligence (COMINT) and electronic intelligence (ELINT) satellites. The three satellites produced by Airbus Defence and Space, Thales Airborne Systems and Thales Alenia Space and placed into orbit through Arianespace Vega rocket from the France's spaceport located in French Guiana. Also, growing number of technological advancements in SIGNIT coupled with rising focus over security and border threats from neighboring countries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment cost associated with Signals Intelligence systems and budgetary constraints impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Signals Intelligence (SIGINT) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing defence expenditure and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of economic development and rising concern over border security in the region, would create lucrative growth prospects for the global Signals Intelligence (SIGINT) Market across the Asia Pacific region.
Major market players included in this report are:
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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Electronic Intelligence (ELINT)
Communications Intelligence (COMINT)
By Application
Airborne
Ground
Naval
Space
Cyber
By Mobility
Fixed
Man Portable
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Signals Intelligence (SIGINT) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors