Signal Intelligence Systems Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Signal Intelligence Systems Market was valued at USD 10.78 billion in 2020, and is projected to grow at a CAGR of 7.0% during the forecast period from 2021 to 2030.
Signal Intelligence Systems Market Overview:
A signal intelligence system is a technology that collects and interprets electronic communication information from a variety of sources to provide meaningful intelligence. Signals have been a key source of military operations since ancient times, with torches or flags being used to transmit signals. The Signal Intelligence System is also referred to as SIGINT, which stands for "Signal Intelligence".
Signal Intelligence Systems market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Signal Intelligence Systems market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Signal Intelligence Systems market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Signal Intelligence Systems Market Dynamics and Growth Factors:
Driver: Increasing defense budgets in major countries around the world
National security is the security of the nation-state and is considered a government duty. This includes citizens, economies and institutions of the country. National security is a major priority for many countries around the world and requires large budgets to build and maintain. Total global military spending in 2018 was approximately $1.8 trillion, an increase of 2.6% compared to 2017.
The United States spends the most money on defense, more than the next seven countries combined. The United States spent $649 billion on defense in 2018, followed by the next seven countries (China, Saudi Arabia, India, France, Russia, United Kingdom and Germany) for a total of $609 billion. National security in the United States is the third most expensive government program after Social Security and Medicare. Historically, the United States has consistently spent more on defense than any other G-7 country.
Restraint: High costs associated with deploying a signal intelligence system
Adoption of advanced and innovative technologies and products is a constant challenge for the military due to budget constraints and a lack of skilled personnel. Budget constraints often impede adoption of advanced communications systems. European Union countries recovering from the economic crisis also expressed their intention to cut defense budgets. Countries around the world are seeking and inviting new alternatives to military systems to reduce costs. Therefore, SIGINT Industries is transitioning from a defense industry supplier to a commercial supplier. For example, the reduction in defense budgets in some major economies such as Saudi Arabia, United Kingdom, France, and Germany will impact the demand for SIGINT systems in the near future, and the SIGINT market. Emerging markets, capital-intensive markets, are not growing at the pace they would like.
Opportunity: Increased Presence of Signal Intelligence in the Public Sphere
Although SIGINT capabilities are primarily used in the government and defense sectors, SIGINT solutions are extending their reach to other applications including maritime domain awareness. eavesdropping, jamming and hijacking of radio frequency (RF) spectrum mapping satellite communications; and cyber surveillance. Maritime Domain Awareness is the most mature commercial SIGINT application that provides an effective understanding of any vessel or object in a maritime domain that may have a security, safety, economic or environmental impact. A wide variety of industries now have SIGINT systems for protection and security. For example, Elbit Systems won a $15 million contract from Energean Israel to supply a comprehensive solution for the floating production storage and offloading (FPSO) platform at the offshore Karish-Tanin gas field. The suite of technologies includes a wide range of sensors, radar, sonar, command and control center and will be equipped with a high-speed interceptor boat with a dedicated sensor suite. This security solution provides the ability to detect and identify surface and underwater threats, enabling security teams to respond efficiently.
- April 2020 - Abaco Systems partnered with DeepSig to demonstrate DeepSig’s OmniSIG software, which is deployable on Abaco’s 3U VPX ecosystem, that uses artificial intelligence (AI) inferencing for signal identification and classification in electronic warfare and signals intelligence applications.
- July 2019 - BAE Systems Electronic Systems was awarded a contract of USD 4.7 million in funding from the Defense Advanced Research Projects Agency (DARPA) to integrate machine learning (ML) technology, a subset of artificial intelligence (AI), into platforms that decipher radio-frequency (RF) signals.
Top Key Players include in the Signal Intelligence Systems Market are
BAE Systems, Elbit Systems, General Dynamics, Northrop Grumman, Saab, Israeli Aerospace Industries (IAI), Mercury Systems, Rockwell Collins, Southwest Research Institute (SwRI), Ultra Electronics, and others.
The Signal Intelligence Systems market research report is categorized based on type, applications and region.
On the Basis of Type:
- Ground-Based Intelligence System
- Airborne Signal Intelligence System
- Naval Vessel- Based Signal Intelligence System
On the Basis of Application:
- Home Security
- Military and Defense
On the Basis of Region:
Geographically, the global Signal Intelligence Systems market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Signal Intelligence Systems region is dominating this market in the upcoming future.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Signal Intelligence Systems Market report scope
CAGR of 7.0% during the forecast period.
Ground-Based Intelligence System, Airborne Signal Intelligence System, Naval Vessel- Based Signal Intelligence System
Home Security, Military and Defense
BAE Systems, Elbit Systems, General Dynamics, Northrop Grumman, Saab, Israeli Aerospace Industries (IAI), Mercury Systems, Rockwell Collins, Southwest Research Institute (SwRI), Ultra Electronics
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Signal Intelligence Systems market?
Who are the key vendors of the global Signal Intelligence Systems market?
What are the leading key industries of the global Signal Intelligence Systems market?
Which factors are responsible for driving the global Signal Intelligence Systems market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
Any special requirements about this report, please let us know and we can provide custom report.