The Global Signals Intelligence (SIGINT) Market Anticipated to Generate a Revenue of $20,013.20 Million, Growing at a CAGR of 4.5% from 2022 to 2030Download Sample Reports Overview
The global signals intelligence (SIGINT) market is estimated to be valued at $20,013.20 million by 2030, surging from $13,297.80 million in 2021, at a noteworthy CAGR of 4.5%.
Impact Analysis of COVID-19 on the Signals Intelligence (SIGINT) Market
The global signals intelligence (SIGINT) market is anticipated to witness a significant increase in growth during the COVID-19 pandemic. The global COVID-19 epidemic has posed a severe threat to societies and communities' safety, health, and well-being. While COVID-19 and a number of other steps implemented by governments throughout the world have helped to curb the operations of violent extremists and terrorist organizations, the crisis' new normal can also play into the hands of violent extremists and terrorist groups. Therefore, because of the ethical and legal issues that come with surveillance tactics, public health measures have generally been averse to using government-led intelligence techniques like signals intelligence (SIGINT).
Furthermore, rise of surveillance for the use of a public health crisis to cloak emergency-implemented surveillance techniques, drove the demand for SIGINT as a bio surveillance in the COVID-19. On the other hand, several market players are providing innovative solutions to help naval forces, during the COVID-19 outbreak. In September 2020, Rohde & Schwarz, a leading naval communications intelligence solutions provider, introduced the multichannel naval COMINT system that helps in increasing situational awareness on naval vessels and expanding surveillance abilities. The system has ability to detect and monitor communications in HF (high frequency), UHF (ultra-high frequency), and VHF (very high frequency) bands. Such product developments are further expected to create positive opportunities after the global outbreak.
Global Signals Intelligence (SIGINT) Market Analysis
Growing threats of international terrorism is one of the key factors that may drive the demand for SIGINT platforms. SIGINT systems are largely utilized by the government and the defense industry, but they are also increasingly being used in other fields such as marine domain awareness, jamming, RF spectrum mapping, eavesdropping, hijacking of satellite communications, and cyber-surveillance. The most well-known commercial SIGINT application is marine domain awareness, which provides a comprehensive understanding of every vessel or object in the maritime domain that may have an impact on security, safety, economy, or the environment. In a variety of industries, SIGINT technologies are increasingly being used for protection and security. Furthermore, increased defense budget coupled with modernization of defense system for national safety in the developed as well as developing countries is projected to propel the demand for advanced solutions, which may further fuel the market growth in the coming years.
Major factors that restrict the growth of global signals intelligence (SIGINT) market are incapability to address multiple threats, along with higher cost associated with installation of signal intelligence system. Moreover, there are several cases of government leaders, military commanders, and intelligence analysts that chose not to believe the SIGINT they received. This was partly due to the reader's failure to comprehend the material or their lack of faith in the reliability of the SIGINT source. Because it did not fit into the reader's preconceived assumptions, the SIGINT was usually misunderstood or ignored. Add lack of training to personnel to interpret the global signals intelligence (SIGINT) market.
SIGINT has played a key role in government and defense sectors. Furthermore, SIGINT tools are expanding their reach in various applications areas including cyber-surveillance, radio frequency (RF) spectrum mapping, jamming, maritime domain awareness, and eavesdropping. Multiple industries like energy & utilities sectors are going for incorporation of SIGINT technologies for improved protection facilities. Moreover, the security of a nation-state is viewed as a government responsibility and some of the examples of government initiatives are in Geraldton, Western Australia, the Joint Military Communications Ground Station (JMCGS) opened an intercept station in 2019. The facility, which first opened in the early 1990s, was administered by Australian defense personnel, who were later bolstered by British soldiers who had previously served in Hong Kong. These factors are further expected to create lucrative opportunities for the global SIGINT market, in the future.
Global Signals Intelligence (SIGINT) Market, Segmentation
The global signals intelligence (SIGINT) market is segmented based on type, application, and region.
The type segment is further classified ELINT and COMINT. Among these, the COMINT type sub-segment is anticipated to have fastest growth and surpass $10,669.7 million by 2030, with an increase from $6,189.1 million in 2021.
Communications intelligence (COMINT) is data collected from individual person's communication systems, including telephone calls, text messages, and numerous types of online conversations. COMINT attempts look for information regarding voice, message, and signal transmission systems in order to identify a variety of intelligence considerations. In this sense, intelligence is information that assists an organization or individual in making decisions that will provide them with a strategic advantage. These factors are projected to increase COMINT use, which will promote the expansion of the signals intelligence market.
The application segment is further divided into airborne, ground, naval, cyber, and space. The cyber sub-segment is expected to be the fastest growing sub-segment in the global market and register a revenue of $4,219.70 million during the analysis timeframe.
Increased cyber-attacks from threats like script-kiddies, hacktivists, cybercriminals, targeted intrusion, and cyber terrorists have surged the significance of cyber threat intelligence. The solutions help in providing effective protection from cyber-threats i.e., it plays a key role in collecting, analyzing, and sorting all of the cyber-attack data associated with the attacker and the attack procedures used. Abovementioned factors are expected to flourish the sub-segment growth during the analysis period.
The signals intelligence (SIGINT) market in the Asia-Pacific region is projected to witness rapid growth. This market generated a revenue of $3,323.10 million in 2021 and is further projected to reach up to $5,245.50 million by 2030.
The demand for signals intelligence (SIGINT) is surging in the Asia-Pacific region specifically owing to growing incidences of terrorist attacks in recent years, which has propelled the government bodies of the Asian economies to implement robust security platforms. Furthermore, Asia-Pacific (APAC) SIGINT industry is expanding at a breakneck pace, owing to rising security and border concerns from neighboring countries. Increased investments in the APAC SIGINT industry have been aided by technological improvements and rapid economic development in China, India, Russia, and South Korea. APAC's fast-growing economies are beefing up their defense capabilities. The market for SIGINT solutions and systems in APAC is also growing due to technical improvements. Moreover, companies in the region like Israel Aerospace Industries and Rolta India have actively emphasized on their technological innovation to provide improved security solutions.
Key Players in the Global Signals intelligence (SIGINT) market
Some of the leading global signals intelligence (SIGINT) market players are
- BAE Systems.
- Thales Group
- Northrop Grumman Corporation.
- Lockheed Martin Corporation.
- Raytheon Technologies Corporation
- Elbit Systems Ltd.
- General Dynamics Corporation
- Rheinmetall AG
- L3Harris Technologies, Inc.
- Mercury Systems, Inc.