November 30, 2020

Signal intelligence Market Share 2020-2023 |Business Opportunities, Growth And Scope, Business Strategies with Major Key Players

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Sep 28, 2020 (AmericaNewsHour) —
Signal intelligence Market Research Report, by Region (Europe, North America, ROW, Asia-Pacific), by Application (Airborne, Naval, Land-based, Space), by Type (Communication Intelligence, Electronic Intelligence) — Global Forecast till 2023

Increase in criminal activities and terrorist attacks has increased the demand for enhanced safety measures and surveillance, especially in public areas. The military, defense & aerospace, or any other civil sector requires a fast and secure method to various tasks associated with security, surveillance, criminal investigation, and operation monitoring. Signal intelligence plays a crucial role in a number of security and surveillance applications.

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The global signal intelligence market a reached USD 11.85 billion in 2017; it is estimated to reach a market value of USD 15.81 billion by 2023 growing at a CAGR of 5.32% during the forecast period 2018-2023. Increasing crime rate and terrorist attacks worldwide and increasing government spending in developing advanced and secured infrastructure for defense and military sector are some of the prime factors impacting the growth of the signal intelligence market. The market faces connectivity issues with devices which do not use radio-frequency transmissions; this is one of the major challenges in the signal intelligence market. However, the high manufacturing cost of signal intelligence products is expected to hamper the market growth in the coming years.

Development in artificial intelligence can create various growth opportunities for the market to grow exponentially in the coming years. Also, increasing demand for drones for surveillance applications is also expected to drive the market of signal intelligence in the coming years. Drones are gaining popularity and witnessing increased adoption by the military and defense sector to implement communications, surveillance and law enforcement practices. However, due to privacy concern of the citizens, governments of various countries such as India still face regulations issues to allow drones to be deployed for surveillance purposes in the public areas, which is expected to limit the market of drones for surveillance application in the country. However, developed countries such as U.S, Canada, the UK, and France are developing drones with high altitude capacity and making them technically advanced for surveillance and communication applications.

Recent Developments:

January 2019: BAE Systems plc invested in developing software-based signal intelligence solutions, targeting airborne customers worldwide. Software-defined signal intelligence is expected to benefit airborne in analyzing third-party communication signals and sending them to the airborne platform in real-time after modification.

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September 2018: Lockheed Martin collaborated with the US Air Force in order to upgrade signal intelligence capabilities for distributed common ground systems, and the air force intelligence, and surveillance, and reconnaissance (ISR) systems.

Segmentation

The global signal intelligence market has been segmented on the basis of type, application, and region.By type, the market has been segmented into electronics intelligence, communication intelligence, and foreign instrumentation signal intelligence (FISINT).By vertical, the market has been classified into land-based, airborne, naval, and space among others.By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Regional analysis

Market Research Future (MRFR) has covered the following countries in the regional analysis of signal intelligence market–the US, Canada, and Mexico in North America; Germany, the UK, France, Russia, Spain, and Italy in Europe; China, Japan, India, Singapore, Australia, and South Korea in Asia-Pacific; and the Middle East & Africa and South America in the rest of the world.

At present, North America dominated the global signal intelligence market due to high investment and support by the government for the developments in the military & defense sector in the region. The increasing incidence of terrorist attacks, especially in the US, has developed the need for more advanced and secured intelligence solutions, which primarily influences the growth of signal intelligence market in North America.

Europe was the second highest revenue generating market for signal intelligence in 2018 due to high adoption of signal intelligence among military & defense sector in the region. With the help of signal intelligence, the European strategic intelligence and security centers can monitor and prevent regional threats such as terrorism, criminal activities, and social unrest. Furthermore, the German government is investing in expanding their signal intelligence structure, which is expected to fuel the market growth of signal intelligence in the country in the coming years.

Asia-Pacific is projected to grow with the fastest CAGR during the forecast period. China is the leading country in this market as it has the most developed signal intelligence capabilities as compared to other nations in the region. Whereas, South Korea, followed by India is projected to witness a high growth rate during the forecast period 2018-2023.

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Key players

Market Research Future has identified following key players in the market–BAE Systems, Lockheed Martin, Northrop Grumman, Thales, Raytheon, Elbit Systems, General Dynamics, Israel Aerospace Industries, SAAB, Mercury Systems, Rolta India, Rheinmetall, Systematic A/S, Harris, and Cobham.

Intended Audience

Investors and consultants

System Integrators

Government Organizations

Research/Consultancy firms

Technology solution providers

IT Solution Providers

Military & defense sector

Law enforcement agencies

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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