Signals Intelligence (SIGINT) Market Forecasts to 2028 – Global Analysis By Type (Electronic Intelligence (ELINT) and Communications Intelligence (COMINT)), Mobility (Fixed and Man Portable), Application (Airborne, Ground, Naval, Space, Cyber and Other En

Signals Intelligence (SIGINT) Market Forecasts to 2028 – Global Analysis By Type (Electronic Intelligence (ELINT) and Communications Intelligence (COMINT)), Mobility (Fixed and Man Portable), Application (Airborne, Ground, Naval, Space, Cyber and Other End Users) and By Geography

According to Stratistics MRC, the Global Signals Intelligence (SIGINT) Market is accounted for $15.78 billion in 2022 and is expected to reach $22.65 billion by 2028 growing at a CAGR of 6.2% during the forecast period. A system that gathers information or data through the interception of signals, whether they are human-to-human communication channels or signal amplification that is not immediately used in communication, is known as a signal intelligence system. Its main objective is to comprehend the terror campaigns, operations, and goals of a country's adversaries. Signals intelligence is an essential tool in determining what armed services and other intimidations a country may need to protect itself against rivals. The signals help in identifying potential threats that the country's security forces could encounter shortly. This information assists in the creation of insights into the objectives, areas of contention, threat capabilities, and necessary defenses. A wide range of sensors, radars, sonars, a command and control center, and quick interception boats equipped with a particular set of sensors are all included in the technology suite.

According to the US Department of Defense, The US Navy would spend around USD 58.48 billion on military personnel in the current year, accounting for almost 25% of its entire budget plan.

Market Dynamics:

Driver:

Increasing defense spending in major nations worldwide

National security, which is considered to be a responsibility of the government, is the safety of a nation-state. It includes the people, the economy, and the institutions of the country. In several nations around the world, national security is a top priority that must be built and maintained with a sizable budget. Around 1.8 trillion USD were spent on military expenses globally in 2018, an increase of 2.6% from the previous year. The US spends more on defense than the next seven nations put together. After Social Security and Medicare, national security is the third most expensive government program in the US. The US has traditionally invested more in defense than any other G-7 country.

Restraint:

High cost involved in signals intelligence system deployment

Armies consistently struggle to adopt cutting-edge and innovative technology and products due to budgetary restrictions and a lack of qualified staff. Modern communication system implementation is frequently hampered by financial constraints. To reduce costs, nations all over the world are looking into and promoting creative alternatives to military systems. Consequently, the SIGINT market is shifting from defense to commercial suppliers. An obstacle to the expansion of the SIGINT market, for instance, would be the declining military spending of a number of important economies, such as Saudi Arabia, the United Kingdom, France, and Germany.

Opportunity:

Rising demand for cyber intelligence

The aerospace and defense sector is gracefully embracing technological advancements like Industry 4.0, IoT, AI, ML, and other technologies that are significantly digitizing the sector's operations. The defense industry is experimenting with analytics and adopting cloud services, which would probably greatly increase productivity. This industry is becoming more digital, which could open up new opportunities for cybercrime, and the risk is higher than in any other industry. The implementation of these solutions is expected to be significantly influenced by an increase in defense spending for enhancing the government's effectiveness, efficiency, and cybersecurity capabilities.

Threat:

Inability to deal with numerous threats

The inability to address multiple threats and higher installation costs for signal intelligence systems are the main factors limiting the growth of the global signals intelligence (SIGINT) market. Additionally, there are numerous instances of senior government officials, military leaders, and intelligence analysts who made the decision not to trust the SIGINT they were provided. The reader's inability to understand the information or their lack of confidence in the validity of the SIGINT source were both contributing factors. The SIGINT was typically misinterpreted or ignored because it did not conform to the reader's preconceived notions. These elements are impeding market expansion.

Covid-19 Impact

The COVID-19 initiative has had a significant impact on the signals intelligence sector. Government surveillance strategies have significantly increased due to the COVID-19 pandemic, mostly through mobile phone applications. The COVID-19 pandemic has become the most powerful factor in online extremist communications, forums, and chatrooms, according to the UNITAR report on the impact of COVID-19 on violent extremism and terrorism. The fact that they are participatory or voluntary obscures the connection between health information and conventional government monitoring mechanisms, making efficient oversight challenging. New developments may also have practical implications for pandemic preparedness efforts. As businesses prepare to implement months-long business continuity plans (BCP), which include information security monitoring and response while operating under quarantine conditions aimed at enhancing cybersecurity, COVID-19 has also accelerated the need for cybersecurity.

The airborne segment is expected to be the largest during the forecast period

The airborne segment accounted for the largest market share in 2021, and it is anticipated to be dominant throughout the forecast period. The ability to be airborne facilitates global situational awareness, air-force management, and extensive collaborative mission planning. Additionally, the answers are crucial for making decisions in the present. Over the projected period, these variables will fuel segment growth.

The cyber segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the cyber segment is anticipated to experience the highest growth rate. The quick development of technology has led to an increase in cybercrime activity globally. Because of this, individuals and organizations are now vulnerable to dangers like malicious hackers, cyberterrorism, targeted infiltration, script kiddies, and other similar dangers. By analyzing the operation's data, which when allocated could also point to the invasion's source, the cyber-solution aids in the resolution of these problems. This sector is more at risk than any other due to the rapid increase in digitalization, which is expected to create new avenues for cybercrime.

Region with largest share:

Over the prediction period, the Asia Pacific region is anticipated to register the largest share. As border and security threats from surrounding nations increase, the Asia-Pacific signals intelligence market is growing exponentially. The market for APAC signals intelligence has seen an increase in investment as a result of technological advancements and the swift economic development of China, India, Russia, and South Korea. The rapidly expanding economies of APAC are bolstering their defenses. SIGINT systems and solutions that are technologically advanced in APAC also present opportunities for market expansion.

Region with highest CAGR:

Due to the military forces and more advanced SIGINT technology in this region, the North American region is projected to significantly grow throughout the forecast period. Additionally, one of the main factors influencing the regional signals intelligence (SIGINT) industry is the rise in terrorist attacks and military aid to foreign countries. Modern signals intelligence (SIGINT) technologies have been provided to the US government's marine, ground, and air forces. Recent years have seen an increase in the frequency of terrorist attacks, forcing the authorities in the area to enact stringent physical security measures. In order to provide the defense sector with improved security solutions, businesses in the area are actively developing new product development methodologies.

Key players in the market

Some of the key players profiled in the Signals Intelligence (SIGINT) Market include BAE Systems PLC, Cobham PLC, Elbit Systems Ltd., General Dynamics Corporation, Harris Corporation, Israel Aerospace Industries, L3Harris Technologies Inc., Lockheed Martin Corporation, Mercury Systems Inc., National Instruments Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Rolta India, SaaB AB, Thales Group and ThinkRF Corp.

Key Developments:

In November 2022, Saab announced a contract for the design, manufacturing, and maintenance of two SIGINT ships for the Polish Ministry of Defense's procurement authority, the Armament Agency. The agreement is now in existence because all requirements have been satisfied. As a result, Saab has now recorded an order intake worth about SEK 6.7 billion.

In July 2022, Signal AI, an External Intelligence company, launched an External Intelligence Graph, which is an all-inclusive outlook of an organization’s external world developed using real-time data and content.

In June 2022, Elbit Systems Ltd. announced that the company had been awarded a contract to supply an Electronic Warfare (EW) solution to international customers for USD 70 million. Under the agreement, Elbit Systems would provide ground-based EW and Signal Intelligence (SIGINT) units equipped with Electronic Support Measures and Counter Measures as well as Command and Control systems.

Types Covered:
• Electronic Intelligence (ELINT)
• Communications Intelligence (COMINT)

Mobilities Covered:
• Fixed
• Man Portable

Applications Covered:
• Airborne
• Ground
• Naval
• Space
• Cyber
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements