Signal intelligence Market Growth Trends by Manufacturers, Regions, Type and Application Forecast to 2030

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Signal intelligence, also known as SIGINT, is a type of intelligence-gathering that involves intercepting and analyzing signals, such as communications between people or electronic signals from radars and other systems used by foreign targets. SIGINT can include both communications intelligence (COMINT), which focuses on intercepting and analyzing foreign communication, and electronic intelligence (ELINT), which focuses on intercepting and analyzing electronic signals from systems such as radars and weapons systems.

The signal intelligence market a reached value of USD 23.4 billion by 2030 growing at a CAGR of 5.40% during the forecast period 2022-2030

The information gathered through SIGINT can be used by intelligence agencies and military forces to defend their respective countries. Signals Intelligence Analysts are responsible for examining and analyzing foreign communications and activity to find intelligence, and then relaying this critical information to the appropriate personnel.

Market Scope

The global signal intelligence market is estimated to reach a market value of USD 15.81 billion by 2023 growing at a CAGR of 5.32% during the forecast period. It was valued at USD 11.85 billion in 2017. Rise of terrorist incidents and crime rates can compel the need for signal intelligence among nations. Increased government spending for enhancing military infrastructure and geopolitical tensions can bolster its demand significantly. Recently, the Chinese government launched 3 satellites into orbit for detecting ships by their radio transmission.

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Development of artificial intelligence and deployment of drones with payloads are opportunities for the market. Rising adoption of drones for surveillance and policing by law enforcement agencies can drive the demand in signal intelligence. Drones with high altitude capacity are being deployed in Canada, France, and the U.S. In order to counter the use of drones, the Israeli government has implemented the use of Drone Dome, a system employing signal intelligence and radar for identifying their targets in congested areas and disabling them from far.

But high manufacturing costs of signal intelligence can impede market growth.

Segmentation

By type, the market has been segmented into foreign instrumentation signal intelligence (FISINT), electronics intelligence, and communication intelligence.

By vertical, the market has been classified into naval, land-based, airborne, space, and others.

Regional Analysis

At present, North America dominates the global signal intelligence market due to high investment and support by the government for the developments in the military & defense sector in the region. The increasing incidence of terrorist attacks, especially in the U.S., has developed the need for more advanced and secured intelligence solutions. The heavy military spending and military support for less privileged nations by the U.S. can drive the demand for signal intelligence solutions.

Europe was the second highest revenue generating market for signal intelligence in 2018 due to high adoption of signal intelligence in the military & defense sector in the region. With the help of signal intelligence, the European strategic intelligence and security centers can monitor and prevent regional threats such as terrorism, criminal activities, and social unrest. Furthermore, the German government is investing in expanding their signal intelligence structure, which is expected to fuel the market growth of signal intelligence in the country in the coming years. The use of satellites for gathering intel on important borders can bode well for the market.

Asia Pacific is projected to expand at a rapid CAGR during the forecast period. China is the leading country in this market as it has the most developed signal intelligence capabilities as compared to other nations in the region. In addition, South Korea and India can follow its lead during the forecast period and gaining access to devices that detect enemy transmissions. Rise of cellular standards, rise of communication traffic, and development of new computer bus standards that cater to a large range of radiofrequency spectrum can drive the regional market growth.

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Competitive Landscape

SAAB, Rheinmetall, Elbit Systems, General Dynamics, Harris, Cobham, Mercury Systems, Rolta India, Lockheed Martin, BAE Systems, Israel Aerospace Industries, Thales, Raytheon, Systematic A/S, and Northrop Grumman are key players of the global signal intelligence market.

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