Overview
Signal intelligence
(SIGINT) accumulates intel from various sources such as foreign
instrumentation, electronic intelligence, and communication intelligence. It is
used in enhancing and fortifying the defenses in public places. The timely
intelligence for making informed decisions by military commanders and national
policy makers can drive the importance of SIGINT. The global signal
intelligence market report by Market Research Future (MRFR) covers trends,
opportunities, drivers, and challenges for the period of 2018 to 2023 (forecast
period). The COVID-19 impact and its implications for the industry are duly
noted in the report.
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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.
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.
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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Signal intelligence Market Research Report:
Information by Technology (Hall Effect, Magneto Resistive, Variable
Reluctance), By Application (Automotive, Industrial, Aerospace & Defense,
Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle
East & Africa, and South America)—Forecast till 2030
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