The market across North America is expected to dominate the market in terms of revenue throughout the forecast period. However, the market across Asia-Pacific would manifest the highest CAGR of 6.6% during the forecast period.
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As per the report published by Allied Market Research, the global communication intelligence market is projected to reach $12.9 million by 2031, growing at a CAGR of 6.1% from 2021 to 2028. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape.
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Vatika Verma, Manager, of ICT, and Media at Allied Market Research, stated, “Increase in demand from the defense and aerospace industry has fueled the growth of the global communication intelligence market. Moreover, a rise in a shift of the defense sector toward modernization and surge in spending on national security for major technological innovations supplemented the market growth.”
The report offers an in-depth study of the impact of the Covid-19 pandemic on the market. The Covid-19 impact analysis is important for market players to formulate strategies for the current scenario and improve the business model for the future. The pandemic has presented numerous challenges including disruption of the supply chain and a rise in the prices of raw materials.
The global communication intelligence market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. The market across North America is expected to dominate the market in terms of revenue throughout the forecast period. However, the market across Asia-Pacific would manifest the highest CAGR of 6.6% during the forecast period.
The global communication intelligence market is divided based on product mobility and platform.
Based on mobility, the fixed segment held the largest share in 2021, accounting for nearly two-thirds of the market, and would hold the lion’s share from 2022 to 2031. However, the man-portable segment is estimated to register the highest CAGR of 6.49% during the forecast period.
On the basis of the platform, the airborne segment would portray the highest CAGR of 6.76% during the forecast period. However, the ground segment held the lion’s share in 2021, accounting for nearly two-fifths of the market, and is expected to continue its dominance in terms of share from 2022 to 2031.
The global communication intelligence market report includes an in-depth analysis of the major market players such as 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., and HENSOLDT.
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