The Signals Intelligence (SIGINT) Market size was USD 15.3 billion in 2022 and is expected to Reach USD 21.9 billion by 2030 and grow at a CAGR of 4.6% over the forecast period of 2023-2030.
Signal intelligence is a type of intelligence gathering that involves the interception and analysis of electronic signals. It is used by governments and militaries to gather information about their adversaries, including their capabilities, intentions, and activities. SIGINT is being used by banks and financial institutions to identify and track fraudsters. SIGINT can be used to analyze financial transactions and identify patterns that may indicate fraud. After the 9/11 attacks, SIGINT was used to track al-Qaeda operatives and identify their plans. This information was used to prevent future attacks. The SIGINT market is dominated by the government segment, which is expected to account for 60.7% of the market share in 2028. The government segment is driven by the increasing demand for SIGINT solutions to counter-terrorism, cyberwarfare, and other threats. Increasing demand for SIGINT solutions to counter terrorism driving the growth in the near future Terrorism is a major threat to global security, and governments and businesses are increasingly investing in SIGINT solutions to counter this threat. SIGINT is becoming increasingly important in law enforcement, as it is being used to track criminals and terrorists.
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KEY DRIVERS
Advances in SIGINT technology
Growing demand for SIGINT solutions to protect critical infrastructure
The development of new SIGINT technologies, such as big data analytics and artificial intelligence, is enabling governments and businesses to collect and analyze large amounts of data more efficiently.
RESTRAIN
High cost involved in SIGINT system deployment
The use of SIGINT can raise privacy concerns, which can limit its adoption
The high cost involved in SIGINT system deployment is a significant restraint that affects the growth of the SIGINT market. The capital-intensive nature of the market also limits the growth of the market in emerging economies.
OPPORTUNITY
Increase in insurgencies, territorial and political disputes, and terror attacks
Growing importance of SIGINT in law enforcement
An increase in insurgencies, territorial and political disputes, and terror attacks are fueling the growth of the SIGINT market in various regions. This presents a significant opportunity for SIGINT vendors to offer innovative solutions that can help governments and businesses to detect and prevent such threats.
CHALLENGES
Shifting from defense suppliers to commercial providers
The development and deployment of SIGINT solutions can be technically challenging.
The SIGINT industry is shifting from defense suppliers to commercial providers, which presents a challenge for the growth of the market.
The Russia-Ukraine war has had a significant impact on the signal intelligence market. The war has led to an increased demand for SIGINT solutions by governments and businesses in the region. This is due to the need to track Russian military movements and activities, as well as to protect against cyberattacks. The military in the region is also increasing its investment in SIGINT solutions. This is in order to improve its situational awareness and to better protect its forces from attack. L3Harris Technologies is a third major provider of SIGINT solutions. The company has seen an increase in demand for its products and services from governments and businesses in the region. The company is providing Ukraine with AN/MPQ-64 Sentinel radars, which are used to detect and track aircraft and other airborne objects. L3Harris Technologies has seen an increase in demand for its products and services from governments and businesses in the region by 30%. L3Harris Technologies announced in May 2022 that it would donate SIGINT equipment to Ukraine. The equipment is designed to help Ukraine track Russian military movements and activities.
IMPACT OF ONGOING RECESSION
The ongoing recession is expected to have a negative impact on the signal intelligence market. The recession is likely to lead to decreased government spending on SIGINT solutions, as well as decreased investment in SIGINT by businesses. Governments are likely to decrease their spending on SIGINT solutions as they focus on reducing their budget deficits. This is likely to have a significant impact on the SIGINT market, as governments are the largest buyers of SIGINT solutions. Raytheon Technologies announced in May 2023 that it would cut 1,500 jobs. The cuts are part of the company's plan to reduce costs and adapt to the recession. L3Harris Technologies announced in July 2023 that it would lay off 10% of its workforce. The layoffs are part of the company's plan to reduce costs and adapt to the recession. SIGINT companies are likely to change their growth strategies in order to adapt to the recession. Some companies may focus on cost-cutting measures, while others may focus on developing new products and services that are more affordable.
By Type
Electronic Intelligence
Communications Intelligence
By Application
Airborne
Ground
Naval
Space
Cyber
By Mobility
Fixed
Man Portable
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North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America is expected to dominate the market in 2028, accounting for 37.4% of the market share. The dominance of North America is attributed to the presence of major SIGINT players in the region, such as Raytheon Technologies, Northrop Grumman, and L3Harris Technologies the United States spends more on defense than the next 7 countries combined. In fact, its defense spending is more than the combined defense spending of the next 10 countries. The US spends more money on defense than another seven countries combined. The United States spent USD 877 billion on defense in 2022, Ministry of Defence is the third most powerful government organization in the United States, after Social Security and Medicare. This same United States has historically spent more on defense than any other G-7 country.
The market with the quickest expected growth during the forecast period is Asia-Pacific. As border and security concerns from surrounding nations increase, the Asia-Pacific signals intelligence industry is growing exponentially. The market for APAC signals intelligence has seen a surge 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 defense. SIGINT systems and solutions that are technologically advanced in APAC also present prospects for market expansion. SIGINT is anticipated to expand at the fastest CAGR in the APAC region over the course of the forecast period. The development of SIGINT products has received more financing and investment from regional nations, which is responsible for this expansion. Additionally, both native and foreign players have intensified their attention
The major players in the Signals Intelligence Market are Harris Corporation, Northrop Grumman Corporation, BAE Systems, Raytheon Company, Lockheed Martin Corporation, Mercury Systems Inc., Elbit Systems Ltd., Thales Group, Rheinmetall AG, General Dynamics Corporation, and other players.
BAE Systems: In May 2023, BAE Systems announced that it had developed a new SIGINT system that can detect and track drones. The system called the AQS-249A, is designed to be used by ground forces and can be deployed on a variety of platforms, including vehicles, ships, and aircraft.
General Dynamics Mission Systems: In April 2023, General Dynamics Mission Systems announced that it had developed a new SIGINT system that can collect and analyse data from multiple sources, including radar, radio, and optical sensors. The system called the Lynx All-Source Intelligence System, is designed to be used by military and intelligence agencies to track and identify threats.
| Report Attributes | Details |
| Market Size in 2022 | US$ 15.3 Bn |
| Market Size by 2030 | US$ 21.9 Bn |
| CAGR | CAGR of 4.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Electronic Intelligence, Communications Intelligence) • By Application (Airborne, Ground, Naval, Space, Cyber) • By Mobility (Fixed, Man Portable) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Harris Corporation, Northrop Grumman Corporation, BAE Systems, Raytheon Company, Lockheed Martin Corporation, Mercury Systems Inc., Elbit Systems Ltd., Thales Group, Rheinmetall AG, General Dynamics Corporation |
| Key Drivers | • Advances in SIGINT technology • Growing demand for SIGINT solutions to protect critical infrastructure |
| Market Restraints | • High cost involved in SIGINT system deployment • The use of SIGINT can raise privacy concerns, which can limit its adoption |
Ans. The Compound Annual Growth rate for Signals Intelligence Market over the forecast period is 4.6 %.
Ans. USD 21.9 Billion is the projected Signals Intelligence Market size of the Company by 2030.
Ans. The key factors driving the market of Signals intelligence market are an increase in terrorism, a rise in major countries defense budgets all around the world, and the industrialization or substitute of an aging defense system are expected to drive the adoption of Signal Intelligence.
Ans. Fighter jets, special mission aircraft, transport aircraft, unmanned aerial vehicles, vehicle-mounted, soldiers, base stations, ships, submarines, and unmanned marine vehicles manufacturers include the major customers of the global Signals intelligence market.
Ans. Asia-Pacific will provide more business opportunities for global signals intelligence market in the future.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Signals Intelligence Market, By Type
8.1 Electronic Intelligence
8.2 Communications Intelligence
9. Signals Intelligence Market By Application
9.1 Airborne
9.2 Ground
9.3 Naval
9.4 Space
9.5 Cyber
10. Signals Intelligence Market, By Mobility
10.1 Fixed
10.2 Man Portable
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Signals Intelligence Market by country
11.2.2North America Signals Intelligence Market by Type
11.2.3 North America Signals Intelligence Market by Application
11.2.4 North America Signals Intelligence Market by Mobility
11.2.5 USA
11.2.5.1 USA Signals Intelligence Market by Type
11.2.5.2 USA Signals Intelligence Market by Application
11.2.5.3 USA Signals Intelligence Market by Mobility
11.2.6 Canada
11.2.6.1 Canada Signals Intelligence Market by Type
11.2.6.2 Canada Signals Intelligence Market by Application
11.2.6.3 Canada Signals Intelligence Market by Mobility
11.2.7 Mexico
11.2.7.1 Mexico Signals Intelligence Market by Type
11.2.7.2 Mexico Signals Intelligence Market by Application
11.2.7.3 Mexico Signals Intelligence Market by Mobility
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Signals Intelligence Market by country
11.3.1.2 Eastern Europe Signals Intelligence Market by Type
11.3.1.3 Eastern Europe Signals Intelligence Market by Application
11.3.1.4 Eastern Europe Signals Intelligence Market by Mobility
11.3.1.5 Poland
11.3.1.5.1 Poland Signals Intelligence Market by Type
11.3.1.5.2 Poland Signals Intelligence Market by Application
11.3.1.5.3 Poland Signals Intelligence Market by Mobility
11.3.1.6 Romania
11.3.1.6.1 Romania Signals Intelligence Market by Type
11.3.1.6.2 Romania Signals Intelligence Market by Application
11.3.1.6.4 Romania Signals Intelligence Market by Mobility
11.3.1.7 Turkey
11.3.1.7.1 Turkey Signals Intelligence Market by Type
11.3.1.7.2 Turkey Signals Intelligence Market by Application
11.3.1.7.3 Turkey Signals Intelligence Market by Mobility
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Signals Intelligence Market by Type
11.3.1.8.2 Rest of Eastern Europe Signals Intelligence Market by Application
11.3.1.8.3 Rest of Eastern Europe Signals Intelligence Market by Mobility
11.3.2 Western Europe
11.3.2.1 Western Europe Signals Intelligence Market by Type
11.3.2.2 Western Europe Signals Intelligence Market by Application
11.3.2.3 Western Europe Signals Intelligence Market by Mobility
11.3.2.4 Germany
11.3.2.4.1 Germany Signals Intelligence Market by Type
11.3.2.4.2 Germany Signals Intelligence Market by Application
11.3.2.4.3 Germany Signals Intelligence Market by Mobility
11.3.2.5 France
11.3.2.5.1 France Signals Intelligence Market by Type
11.3.2.5.2 France Signals Intelligence Market by Application
11.3.2.5.3 France Signals Intelligence Market by Mobility
11.3.2.6 UK
11.3.2.6.1 UK Signals Intelligence Market by Type
11.3.2.6.2 UK Signals Intelligence Market by Application
11.3.2.6.3 UK Signals Intelligence Market by Mobility
11.3.2.7 Italy
11.3.2.7.1 Italy Signals Intelligence Market by Type
11.3.2.7.2 Italy Signals Intelligence Market by Application
11.3.2.7.3 Italy Signals Intelligence Market by Mobility
11.3.2.8 Spain
11.3.2.8.1 Spain Signals Intelligence Market by Type
11.3.2.8.2 Spain Signals Intelligence Market by Application
11.3.2.8.3 Spain Signals Intelligence Market by Mobility
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Signals Intelligence Market by Type
11.3.2.9.2 Netherlands Signals Intelligence Market by Application
11.3.2.9.3 Netherlands Signals Intelligence Market by Mobility
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Signals Intelligence Market by Type
11.3.2.10.2 Switzerland Signals Intelligence Market by Application
11.3.2.10.3 Switzerland Signals Intelligence Market by Mobility
11.3.2.11.1 Austria
11.3.2.11.2 Austria Signals Intelligence Market by Type
11.3.2.11.3 Austria Signals Intelligence Market by Application
11.3.2.11.4 Austria Signals Intelligence Market by Mobility
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Signals Intelligence Market by Type
11.3.2.12.2 Rest of Western Europe Signals Intelligence Market by Application
11.3.2.12.3 Rest of Western Europe Signals Intelligence Market by Mobility
11.4 Asia-Pacific
11.4.1 Asia-Pacific Signals Intelligence Market by Country
11.4.2 Asia-Pacific Signals Intelligence Market by Type
11.4.3 Asia-Pacific Signals Intelligence Market by Application
11.4.4 Asia-Pacific Signals Intelligence Market by Mobility
11.4.5 China
11.4.5.1 China Signals Intelligence Market by Type
11.4.5.2 China Signals Intelligence Market by Application
11.4.5.3 China Signals Intelligence Market by Mobility
11.4.6 India
11.4.6.1 India Signals Intelligence Market by Type
11.4.6.2 India Signals Intelligence Market by Application
11.4.6.3 India Signals Intelligence Market by Mobility
11.4.7 Japan
11.4.7.1 Japan Signals Intelligence Market by Type
11.4.7.2 Japan Signals Intelligence Market by Application
11.4.7.3 Japan Signals Intelligence Market by Mobility
11.4.8 South Korea
11.4.8.1 South Korea Signals Intelligence Market by Type
11.4.8.2 South Korea Signals Intelligence Market by Application
11.4.8.3 South Korea Signals Intelligence Market by Mobility
11.4.9 Vietnam
11.4.9.1 Vietnam Signals Intelligence Market by Type
11.4.9.2 Vietnam Signals Intelligence Market by Application
11.4.9.3 Vietnam Signals Intelligence Market by Mobility
11.4.10 Singapore
11.4.10.1 Singapore Signals Intelligence Market by Type
11.4.10.2 Singapore Signals Intelligence Market by Application
11.4.10.3 Singapore Signals Intelligence Market by Mobility
11.4.11 Australia
11.4.11.1 Australia Signals Intelligence Market by Type
11.4.11.2 Australia Signals Intelligence Market by Application
11.4.11.3 Australia Signals Intelligence Market by Mobility
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Signals Intelligence Market by Type
11.4.12.2 Rest of Asia-Pacific Signals Intelligence Market by Application
11.4.12.3 Rest of Asia-Pacific Signals Intelligence Market by Mobility
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Signals Intelligence Market by Country
11.5.1.2 Middle East Signals Intelligence Market by Type
11.5.1.3 Middle East Signals Intelligence Market by Application
11.5.1.4 Middle East Signals Intelligence Market by Mobility
11.5.1.5 UAE
11.5.1.5.1 UAE Signals Intelligence Market by Type
11.5.1.5.2 UAE Signals Intelligence Market by Application
11.5.1.5.3 UAE Signals Intelligence Market by Mobility
11.5.1.6 Egypt
11.5.1.6.1 Egypt Signals Intelligence Market by Type
11.5.1.6.2 Egypt Signals Intelligence Market by Application
11.5.1.6.3 Egypt Signals Intelligence Market by Mobility
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Signals Intelligence Market by Type
11.5.1.7.2 Saudi Arabia Signals Intelligence Market by Application
11.5.1.7.3 Saudi Arabia Signals Intelligence Market by Mobility
11.5.1.8 Qatar
11.5.1.8.1 Qatar Signals Intelligence Market by Type
11.5.1.8.2 Qatar Signals Intelligence Market by Application
11.5.1.8.3 Qatar Signals Intelligence Market by Mobility
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Signals Intelligence Market by Type
11.5.1.9.2 Rest of Middle East Signals Intelligence Market by Application
11.5.1.9.3 Rest of Middle East Signals Intelligence Market by Mobility
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Signals Intelligence Market by Type
11.5.2.3 Africa Signals Intelligence Market by Application
11.5.2.4 Africa Signals Intelligence Market by Mobility
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Signals Intelligence Market by Type
11.5.2.5.2 Nigeria Signals Intelligence Market by Application
11.5.2.5.3 Nigeria Signals Intelligence Market by Mobility
11.5.2.6 South Africa
11.5.2.6.1 South Africa Signals Intelligence Market by Type
11.5.2.6.2 South Africa Signals Intelligence Market by Application
11.5.2.6.3 South Africa Signals Intelligence Market by Mobility
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Signals Intelligence Market by Type
11.5.2.7.2 Rest of Africa Signals Intelligence Market by Application
11.5.2.7.3 Rest of Africa Signals Intelligence Market by Mobility
11.6 Latin America
11.6.1 Latin America Signals Intelligence Market by Country
11.6.2 Latin America Signals Intelligence Market by Type
11.6.3 Latin America Signals Intelligence Market by Application
11.6.4 Latin America Signals Intelligence Market by Mobility
11.6.5 Brazil
11.6.5.1 Brazil America Signals Intelligence by Type
11.6.5.2 Brazil America Signals Intelligence by Application
11.6.5.3 Brazil America Signals Intelligence by Mobility
11.6.6 Argentina
11.6.6.1 Argentina America Signals Intelligence by Type
11.6.6.2 Argentina America Signals Intelligence by Application
11.6.6.3 Argentina America Signals Intelligence by Mobility
11.6.7 Colombia
11.6.7.1 Colombia America Signals Intelligence by Type
11.6.7.2 Colombia America Signals Intelligence by Application
11.6.7.3 Colombia America Signals Intelligence by Mobility
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Signals Intelligence by Type
11.6.8.2 Rest of Latin America Signals Intelligence by Application
11.6.8.3 Rest of Latin America Signals Intelligence by Mobility
12 Company Profile
12.1 Harris Corporation
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Service/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Northrop Grumman Corporation
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Service/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 BAE Systems
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Service/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Raytheon Company
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Service/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Lockheed Martin Corporation
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Service/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Mercury Systems Inc.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Service/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Elbit Systems Ltd.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Service/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Thales Group
12.8.2 Financials
12.8.3 Product/Service/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Rheinmetall AG
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Service/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 General Dynamics Corporation
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Service/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Company Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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