According to Market Statsville Group (MSG), the global Signals Intelligence (SIGINT) market size is expected to grow from $14,427.1 million in 2021 to $20,357.2 million in 2030, at a CAGR of 3.9% from 2022 to 2030. SIGINT collects intelligence for the military and defense industries from electronic signals and systems used by foreign targets such as B. communication systems, radar and weapon systems. This may also include voice communications, written messages, data from radar or weapons systems, and other forms of communications.
Global Signals Intelligence (SIGINT) market definition
Signaling intelligence is made up of two main components: communication intelligence (COMIT), which is obtained by analyzing interpersonal conversations, and electronic intelligence (ELINT), which is derived from electronic sensors. It is extended to include information obtained from several different methods of intercepting signals. Electronic intelligence assists professionals in developing bits of knowledge to monitor activity in the Question Zone and many other important areas. It also keeps ground troops, sailors and pilots in mind for possible dangers. As a result, such new situations are driving the world signaling intelligence (SIGINT) industry.
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Furthermore, the rising usage of space command, smart city command and control infrastructure applications is expected to significantly drive the growth of the global Signals Intelligence (SIGINT) market during the forecast period. Additionally, the dynamic and extremely complex nature of military and defense missions is changing the way commanders typically interact in execution and planning. First, commanders disrupt fixed battlefield factors such as function, time, and location. Today, the battlefield includes a multitude of interconnected and multi-faceted components. The pre-planned decision-making process works simultaneously with real-time sequential planning and collective capabilities and the efforts of multiple organizations in a highly structured, fully organized and planned signaling intelligence to solve higher complexities at its own pace and take immediate action.
Impact of COVID-19 on the Global Signaling Intelligence (SIGINT) Market.
The global COVID-19 pandemic poses a significant threat to the safety, health and well-being of societies and communities. While COVID-19 and other measures taken by governments around the world have helped quell the activities of violent extremists and terrorist organizations, the new normal of the crisis may also play into the hands of violent extremists and terrorist groups. According to The Unitar Study Impact Of Covid-19 On Violent Extremism And Terrorism, with the introduction of COVID-19, the epidemic seems to have become the most dominant force in extremist communications, forums and chat rooms on the internet.
Global Signals Intelligence (SIGINT) Market Dynamics.
Driver: Defense budgets of major countries are increasing worldwide
National security is the security of a nation state and is seen as a state obligation. It includes the people, the economy and the institutions of the country. National security is a critical concern in many countries around the world, requiring significant expenditures for construction and maintenance. Total global military spending was around $1.8 trillion in 2018, up 2.6 percent from 2017.
The United States spends more on defense than the following seven countries combined. In 2018, the United States spent $649 billion on the military, while the following seven nations (China, Saudi Arabia, India, France, Russia, Britain, and Germany) spent a total of $609 billion. After Social Security and Medicare, national security is the third most expensive government program in the United States. The United States has spent more on defense than any other G-7 country.
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Limitations: Implementing a signal intelligence system is expensive
Due to budget constraints and a lack of competent personnel, armies have continued difficulties in adopting sophisticated and innovative technologies and products. Budget restrictions often hinder the implementation of modern communication systems. European Union countries recovering from economic constraints have expressed a desire to reduce their individual defense spending. Countries around the world are investigating and promoting innovative alternatives to military systems to save costs.
As a result, the SIGINT sector is changing from defense to commercial providers. For example, falling military spending by several major economies including Saudi Arabia, UK, France and Germany would impact demand for SIGINT systems in the near future and hamper the growth of the SIGINT market. The market in emerging markets is not growing at the expected rate as it is a capital intensive market.
Opportunities: Signaling intelligence is becoming more publicly available
SIGINT capabilities are primarily used by government and defense sectors, but SIGINT solutions are expanding their reach in other areas such as interception, jamming and hijacking of satellite communications; awareness of the maritime sector; radio frequency (RF) spectrum mapping; and cyber surveillance. The most widely used commercial SIGINT application is Marine Domain Awareness, which provides effective knowledge of any ship or object in the maritime domain that could affect safety, economics or the environment. SIGINT systems are used to defend and secure many businesses.
For example, Elbit Systems was awarded a $15 million contract by Energean Israel to provide a comprehensive solution for the Floating Production Storage and Offloading (FPSO) platform at the Karish-Tanin offshore gas fields. The technology suite includes a wide range of sensors, radars, sonars, a command and control center and a special suite of sensors for fast interceptors. Security technology can detect and identify surface and underwater threats, allowing security professionals to respond more effectively.
Size of the global signaling intelligence (SIGINT) market.
The study categorizes the Signaling Intelligence (SIGINT) Market based on Type and Application on a regional and global level.
By Type Outlook (Revenue, $M, 2017-2030)
Electronic Intelligence (ELINT)
Communications Intelligence (COMINT)
Outlook by Application (Revenue, $M, 2017-2030)
In the air
Aircraft for special missions
Unmanned Aerial Vehicles (UAVs)
Unmanned Marine Vehicles (UMVs)
Outlook by Region (Revenue, $M, 2017-2030)
rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of South America
The Middle East & Africa
Rest of MEA
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The cyber segment shows the highest CAGR by application during the forecast period
Based on Application, the global Signals Intelligence (SIGINT) Market has been segmented into Air, Ground, Marine, Space and Cyber. During the forecast period, the cyber segment of the SIGINT market is expected to grow at the fastest CAGR due to its key role in signals intelligence. Cyber threat intelligence is the information used by the defense sector to understand a potential threat. Attackers such as script kiddies, hacktivists, cyber criminals, cyber terrorists and targeted attacks on company processes and IT systems are critical. Intelligence provides the ability to collect, analyze and sort all cyber attack data related to the attacker and the attack tactics used to ensure efficient protection against cyber attacks.
Asia-Pacific will show the highest CAGR by region during the forecast period
Based on regions, the global signaling intelligence (SIGINT) market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. During the forecast period, the Asia Pacific region SIGINT is expected to grow at the fastest CAGR. This growth can be linked to increasing funding/investment by regional governments in the development of SIGINT products. In addition, the growing attention of foreign and domestic competitors to the SIGINT industry contributes to the region’s strong demand for SIGINT devices. In this region, an increase in insurgencies, territorial and political conflicts and terrorist attacks are also driving the expansion of the SIGINT industry. Favorable regulatory requirements for the approval of new SIGINT products are increasing the attention of Asia-Pacific industry participants.
Key Market Players in the Global Signaling Intelligence (SIGINT) Market.
The global Signaling Intelligence (SIGINT) market is highly competitive and major industry players are adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies are focused on expanding their operations across geographies, expanding their capabilities and building strong partner relationships.
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Major Players in the Global Signaling Intelligence (SIGINT) Market are:
Northrop Grumman Corporation
Lockheed Martin Corporation
Elbit Systems Ltd.
General Dynamics Corporation
Mercury Systems Inc.
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