The Communication Intelligence Market Projected to Grow at a CAGR of 6.06%and Generate a Revenue of $12,930.3 million by 2031Download Sample Reports Overview
The global communication intelligence (COMINT) market size is predicted to be valued at $12,930.3 million by 2031, surging from $7,054.7million in 2021, at a noteworthy CAGR of 6.06%.
Impact Analysis of COVID-19 on the Communication Intelligence (COMINT) Market
The global crises and commercial uncertainties caused by the COVID-19 outbreak have had a substantial impact on the operations of many enterprises, resulting in revenue losses. The pandemic has impacted the global communication intelligence (COMINT) market negatively. Due to the widespread epidemic and stringent government regulations, manufacturers have been compelled to work with very restricted people, resulting in constrained production of communication intelligence (COMINT) systems and related components, such as antennas, which has had a detrimental impact on the global communication intelligence market share. The demand for advanced defense equipment and modernization of defense forces halted during the COVID-19 pandemic. During the COVID-19 epidemic, the governments of many countries shift their attention to the public health crisis. These factors hamper the growth of communication intelligence (COMINT) market during pandemic time.
Global Communication Intelligence Market Analysis
Radio signals are intercepted and analyzed primarily using COMINT equipment primarily. COMINT identifies communication signals to increase field awareness. It is information gathered through private communications, including phone calls, messages, and various online exchanges). The goal of COMINT activities is to gather information about communications, including the identity of the communicating parties, their locations, the organizational role of the transmitter, the time and duration of the communication, frequencies, and other technical information of interest in the transmission, the type of encryption used, and whether it can be broken. Friendly military communications are likewise carefully inspected as part of communications security (COMSEC).
In the defense industry, communication intelligence systems play a vital role in interpreting military language and radio traffic. They are relatively expensive, despite being extremely sophisticated in terms of power and technology. COMINT systems are very advanced and need significant production and operation costs, resulting in a premium price tag. Furthermore, they necessitate a high level of maintenance. As the hardware and software necessary in military avionics for intelligence and surveillance are complicated and expensive, the demand for the global communication intelligence (COMINT) market share growth is going to be hampered.
The use of communication intelligence in hydrogen fuel cells is gaining huge popularity as hydrogen is a clean fuel that emits only water upon combustion. Communication intelligence is a hydrogen carrier that can transport more hydrogen in a single alcohol molecule. At ambient temperature, communication intelligence is a liquid that can be easily stored and transported. In addition, on-demand hydrogen can be generated with the use of communication intelligence reformers that can eliminate high costs and complexity associated with logistics and supply. Furthermore, wide adoption of green hydrogen to lower the emission of toxic greenhouse gases is predicted to drive global communication intelligence (COMINT) market size growth. This is because communication intelligence is produced using renewable feedstock, such as biomass, which makes the use of hydrogen sustainable, affordable, and easy to handle.
Global Communication Intelligence Market Share, Segmentation
The global communication intelligence (COMINT) market is segmented based on feedstock, end-use industry, and region.
The mobility segment is further classified into fixed and man-portable. Among these, the fixed sub-segment is anticipated to have a dominant market share in 2021. In various military installations, training grounds, and other defense facilities during the next several years, there will be an increase in the demand for fixed systems. Rise in demand for innovative security solutions is anticipated to be fueled by in-line communication intelligence (COMINT) market trends, the modernization of the defense industry, increase in national security investment spending, and significant technological advancements in relation to electronic intelligence over the course of the forecast period.
The platform segment is further classified into airborne, ground, naval, and others. Among these, the automotive sub-segment is anticipated to have a dominant market share in 2021.The growth of this sub-segment can be attributed to the use of communication intelligence for military. Armies that rely on conventional radio in the field have long wanted to modernize man-portable communications equipment. For instance, the US Army has moved to update its tactical combat communications system. Such applications of communication intelligence in the military sector are bound to create scope for global communication intelligence (COMINT) market growth in this sub-segment during the forecast period.
The communication intelligence market in Asia-Pacific is projected to show the fastest growth. The increase in military expenditure in this region for upgradation and acquisition of modern military weapons such as communication intelligence systems and SIGNIT system is expected to grow global communication intelligence market revenue in Asia-Pacific. According to "Stockholm International Peace Research Institute (SIPRI)" an independent international organization for research into conflict, armaments, and disarmament, countries such as India, China, South Korea, Japan, and Australia increased their military expenditure in 2021. Such government initiatives in the region are expected to accelerate global communication intelligence (COMINT) market opportunity growth in the next few years.
Key Players in the Global Communication Intelligence Market
Some of the leading global communication market players are
- Lockheed Martin Corporation
- Raytheon Company
- General Dynamics Corporation
- Northrop Grumman Corporation
- Thales Group
- L3Harris Technologies, Inc.
- BAE Systems
- Elbit Systems Ltd
- Saab AB
- TCI International, Inc