According to recent market 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 2023", published by MarketsandMarkets™, the global Signals
Intelligence (SIGINT) market size is expected to grow from USD 12.8 billion in
2018 to USD 15.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of
4.1% during the forecast period.
The major driving factors for the Signals
Intelligence (SIGINT) market are the increasing terrorism, growing defense
budget of major countries across the globe, and modernization or replacement of
an aging defense system.
Browse and
in-depth TOC on “Signals Intelligence (SIGINT) Market”
48
- Tables
41
- Figures
116
- Pages
Electronic Intelligence (ELINT) type segment is
expected to account for a higher market share during the forecast period.
The ELINT type is expected to be the largest SIGINT
market, owing to its increasing need across air, naval, and ground. ELINT is
the information gathered by the use of electronic sensors. It involves
gathering data about the enemy’s electronic defense network, particularly
electronic devices such as radars, surface-to-air missile systems, aircraft,
and electronic transmitters. The increasing complexity of threats across the
globe is driving the ELINT market as the ELINT technology assists in detecting,
recognizing, and countering the threats.
Airborne application is expected to account for the
highest market share during the forecast period.
SIGINT solutions provide actionable real-time
information and enable universal situational awareness, in-depth collaborative
mission planning, and management to air forces. The solutions ease the routine
operations of air forces as regular information transmission plays a vital role
in real-time decision-making. The solutions provide the right information at
the right time and are responsible for collecting information related to any
unwanted movements and activities to offer authorities the information for
quick decision-making.
North America is expected to account for the highest
market share during the forecast period.
North America is expected to dominate the global
SIGINT market as its defense forces are investing a lot in developing more
technologically-advanced SIGINT systems. The increase in military support to other
countries and increasing terrorism are the major factors driving the North
American SIGINT market. The region comprises the US and Canada. The US accounts
for the highest share of the SIGINT market.
Major vendors in the global SIGINT market include BAE
systems (UK), Lockheed Martin (US), Northrop Grumman (US), Thales (France),
Raytheon (US), Elbit Systems (Israel), General Dynamics (US), Israel Aerospace
Industries (Israel), Saab (Sweden), Mercury Systems (US), Rolta India (India),
Rheintmetall (Germany), Systematic (Denmark), Harris (US), and Cobham (UK).
Opportunities
Increasing Presence of Signals Intelligence in the
Public Domain
Challenges
Incapability to Address Multiple Threats
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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