According to a research report "Signals Intelligence (SIGINT) Market by Type (Electronic Intelligence (ELINT) & Communications Intelligence (COMINT)), Application (Airborne, Naval, Ground (Vehicle-Mounted, Soldiers, & Base Station), Space, & Cyber), and Region - Global Forecast to 2025", published by MarketsandMarkets, the global SIGINT market size is projected to grow from USD 14.0 billion in 2020 to USD 17.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period. The major driving factors for the SIGINT market are the increasing terrorism, growing defense budget of major countries across the globe, and modernization or replacement of an aging defense system.
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By type, the COMINT segment to register the
highest CAGR during the forecast period
COMINT is the subset of
SIGINT that facilitates militaries with real-time decision-making and offers a
strategic advantage on the battlefield. COMINT is the gathering of data that
involves messages or voice information from the enemy’s communication system.
It helps in detecting, intercepting, direction-finding, and analyzing the
transmissions of opponents. This provides the operator with the ability to
detect and analyze unusual patterns, signals, and movements of enemy forces.
Based on application, the cyber segment to
grow at the highest CAGR during the forecast period
Cyber threat intelligence is the
information that the defense sector uses to understand the potential threat.
Attackers such as hacktivists, script-kiddies, cyber terrorists,
cybercriminals, and targeted intrusion target business operations and IT
systems, so it is very important to have a level of knowledge of such threats.
In order to provide effective protection from cyber-attacks, intelligence
provides means to collect, analyze, and sort all of the cyber-attack data
related to the attacker and attack procedures used.
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North
America to hold the largest market share during the forecast period.
North
America has the presence of several prominent market players delivering SIGINT
solutions to all end-users in the region. The US and Canada both have strong
economic conditions and are expected to be major contributors to the growth of
the SIGINT market. The US government has taken initiatives to implement
advanced SIGINT systems for naval, land, and air forces. There are various
well-established and prominent SIGINT manufacturers in this region, including
Lockheed Martin (US), Northrop Grumman (US), General Dynamics (US), Mercury
Systems (US), L3Harris (US), and Raytheon (US)..
Market
Players
Major
vendors covered in the SIGINT market report include BAE Systems (UK), Lockheed
Martin (US), Northrop Grumman (US), Thales (France), Raytheon (US), Elbit
Systems (israel), General Dynamics (US), Saab (Sweden), HENSOLDT (Germany),
Indra (Spain), Mercury Systems (US), Israel Aerospace Industries (Israel),
Rolta India (India), Rolta India (Germany), Systematic (Denmark), L3Harris
(US), Cobham (UK), and Leonardo (Italy).
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