Increase in terrorism, growth in defense budget of major countries across the globe, and modernization or replacement of an ageing defense system are the major factors that drive the growth of the Signals intelligence market. In addition, growth in adoption of electronic intelligence across numerous industries, fuels the growth of the SIGINT market. However, high cost associated with signals intelligence deployment and inability of the software to address multiple threats hamper the market growth. Furthermore, increase in presence of signals intelligence in the public domain is anticipated to provide major opportunities for the SIGINT market.
Signal intelligence has two main fields, one is COMINT (Communications Intelligence), which is gathered through accessing communications of individuals and other is ELNIT (Electronic Intelligence), which is gathered using electronic sensors. It has also been extended to encompass information gathered from other types of signal interception and disruption of these signals. It forms one of the core systems in military defense and falls under the category Intelligence, Surveillance, And Reconnaissance (ISR). SIGINT systems offer intelligence on threat capabilities, composition, disposition, and intentions. Thus, these services are further expected to propel the growth of the signals intelligence market.
In addition, ELINT helps strategists develop insights to manage operations in disputed areas and other significant locations, and inform aviators, sailors, and ground forces about the threats they may encounter in the future or in the present. This may include gathering data from the enemy’s electronic defense network, particularly electronic devices, for instance radars, surface-to-air missile systems, aircraft, and electronic transmitters. These factors are expected to boost the adoption of the SIGINT software, which, in turn, supports the Signals intelligence market growth.
The Signals intelligence market is segmented into component, type, application, and region. In terms of component, it is bifurcated into solution and services. By type, it is bifurcated into Electronic Intelligence (ELINT) and Communications Intelligence (COMINT). By application, it is segmented into ground, airborne, naval, space, and cyber. region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key industry players – BAE Systems., Thales Group, Northrop Grumman Corporation., Lockheed Martin Corporation., Raytheon Company., Elbit Systems Ltd., General Dynamics Corporation, Rheinmetall AG, Mercury Systems, Inc., and Harris Corporation.
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