Signals Intelligence Market Trends

  • Report ID: 5134
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Signals Intelligence Market Trends

Growth Drivers

  • Growing Prevalence of Signals Intelligence in Public Domain – Previously signal intelligence was highly used by the government or the defence sector but now slowly it is being incorporated by the public domain sector too. The public domain is one of the significant commercial applications of signal intelligence which provides an effective `understanding of any object or vessel present in the public domain that can affect the security, safety, or environment. Nowadays, many organizations are adopting signal intelligence for their safety and security. For instance, In 2020, Elbit Systems has been awarded a USD 15 million contract from Energean Israel to provide a complete floating production storage and offloading platform solution for the Kalish Tanin offshore gas field. 
  • High Adoption of Electronic Systems – Greater adoption of electronic systems for intelligence is expected to boost the signals intelligence (SIGINT) market in the projected period. 
  • Increasing Use of Electromagnetic Spectrum – The increasing use of the magnetic sensor spectrum in civil and commercial applications for activities such as live TV streaming, broadband, and navigation has resulted in the use of different frequencies in some electronic devices. Armed forces around the world focus on gathering information on threats through frequency hopping detection, a tactical indicator that indicates threat category, transmission density, signal parameters, and other relevant information.  
  • Increasing Research and Development Activities – Key market players are carrying out significant research and development activities intending to provide innovative solutions. The companies take a few initiatives to incorporate a few technologies into their existing solutions to gain maximum market growth. 

Challenges 

  • High Cost Associated with Signal Intelligence System Deployment – The integration of advanced and innovative technologies is a continuous challenge in the front military sector owing to its high cost which is simply out of the budget. Countries around the world are researching and exploring to find out alternative techniques to fit into the military budget. Therefore, signal intelligence now is shifting from the military sector to the commercial sector. 
  • Inability to Address Various Threats 
  • Lack of Skilled Labour 

Signals Intelligence Sector: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.9%

Base Year Market Size (2024)

USD 15.53 billion

Forecast Year Market Size (2037)

USD 28.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Abhishek Verma


  • Report ID: 5134
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of signals intelligence is evaluated at USD 16.14 billion.

The signals intelligence market size was valued at USD 15.53 billion in 2024 and is likely to exceed USD 28.7 billion by the end of 2037, expanding at over 4.9% CAGR during the forecast period i.e., between 2025-2037. The rising prevalence of signals intelligence in the public domain and the increasing use of electromagnetic spectrum will propel the market growth.

North America is expected to grow substantially through 2037, owing to increasing investment in the military and defense sector in the region.

The major players in the market include Raytheon Technologies Corporation, Elbit Systems Ltd., General Dynamics Corporation, Rheinmetall AG, Mercury Systems, Inc., Harris Corporation, BAE Systems., Thales Group, Northrop Grumman Corporation., Saab AB.
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