Signals Intelligence (SIGINT) Market

Signals Intelligence (SIGINT) Market - Overview

The global signals intelligence (SIGINT) market is projected to grow at a promising rate from 2021 to 2031 (forecast period). With increased terrorism activity, growing defense budgets of major countries, and the replacement of an aged defense system, the global signals intelligence (SIGINT) market is likely to develop significantly throughout the forecast period. Furthermore, increased investments by private, public, and government entities in the creation and advancement of signals intelligence for the defense sector are anticipated to spur the growth of the global signals intelligence (SIGINT) market. Moreover, the growing need for cyber intelligence is expected to present revenue-generation opportunities in signals intelligence (SIGINT) market throughout the forecast period.

Signals Intelligence (SIGINT) Market - Competitive Landscape

Leading players in the signals intelligence (SIGINT) market are BAE Systems (UK), HENSOLDT (Germany), General Dynamics (US), Mercury Systems (US), Lockheed Martin (US), Saab (Sweden), Northrop Grumman (US), Thales (France), Raytheon (US), Israel Aerospace Industries (Israel), Elbit Systems (Israel), Indra (Spain), Systematic (Denmark), Cobham (UK), L3Harris (US), Leonardo (Italy), and Rolta India (India).

These companies are significantly spending on R&D and pursuing a number of strategies, such as new product launches and advancements, global expansions, alliances, and acquisitions.

Signals Intelligence (SIGINT) Market - Trends and Opportunities

The global signals intelligence (SIGINT) market is projected to expand at an incredible pace in the next years, as national security has become a top priority in many nations, including Australia, India, the United States, Taiwan, and others. These countries will need a considerable budget to create and maintain defense facilities. As per the Stockholm International Peace Research Institute, overall worldwide military expenditure climbed by $1,900 billion in 2019, a 3.4% increase over 2018. According to its data, the top five spenders in 2019 were the United States, China, Russia, India, and Saudi Arabia. These economies accounted for around 60% of worldwide military spending.

SIGINT is critical to government and defense authorities. Furthermore, SIGINT technologies have expanded their scope in recent years to include maritime domain awareness, Radio Frequency (RF) spectrum mapping, jamming, cyber-surveillance, and eavesdropping. SIGINT systems are being used in a variety of industries to improve security and protection.

Since its onset, the COVID-19 pandemic has wreaked havoc on a variety of industries and businesses around the world. The following lockdowns imposed by various nations have exacerbated the situation by impeding global supply systems. The global signals intelligence (SIGINT) market, on the other hand, has been an exception. The increased use of government surveillance measures, particularly through cell phone applications, has led to a surge in demand for signal intelligence systems. Furthermore, several initiatives conducted by key private companies to instruct people involved in electronic warfare have resulted in the capacity-building of various organizations, increasing the usefulness of SIGINT equipment. As a result, despite the pandemic situation, the global signals intelligence (SIGINT) market witnessed considerable growth.

Signals Intelligence (SIGINT) Market - Regional Landscape

The signals intelligence (SIGINT) market in North America is projected to expand during the forecast period. The regional market growth can be linked to substantial expenditure in the military sector in nations such as Canada and the United States. For example, the United States spent more than USD 650 billion on defense in 2019. Furthermore, Canada invested approximately USD 25 billion in the same year. During the analysis period, such investments are likely to boost the regional market expansion. Furthermore, the existence of market leaders such as Raytheon, Lockheed Martin, and Northrop Grumman, as well as their considerable investment in research, are expected to propel the regional market.

The Asia Pacific signals intelligence (SIGINT) market is anticipated to grow during the forecast period, owing to an increase in border and security threats from neighboring nations, technological improvements, and strong economic expansion in India, China, and South Korea.