Growing threats from international terrorism are one of the key factors that can boost the demand for Signal Intelligence Market (SIGINT) – KSU

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Signal Intelligence Market Analysis (SIGINT):

Growing threats from international terrorism are one of the main factors likely to drive demand for SINGINT platforms. In addition, the increase in the defense budget coupled with the modernization of the defense system for national security in developed and developing countries is expected to propel the demand for advanced solutions, which could further fuel the market growth in the years. to come up.

The inability to deal with multiple threats along with the higher cost associated with installing the Signal Intelligence System is expected to hamper the growth of the global market.

SIGINT has played a key role in the government and defense sectors. In addition, SIGINT tools extend their reach into a variety of application areas, including cybersurveillance, radio frequency (RF) spectrum mapping, interference, maritime domain awareness, and eavesdropping. Many industries such as the energy and utilities sectors will integrate SIGINT technologies to improve protection installations. These factors are further expected to create lucrative opportunities for the global SIGINT market in the future.

The COMINT Type for Signal Intelligence Industry (SIGINT) will experience significant market growth and is expected to reach $ 9,041.7 million by 2027, up from $ 5,777.9 million in 2019. COMINT offers to the operator the ability to detect and analyze unusual movements, signals and patterns of enemy forces. In addition, massive investments by government authorities as well as new product innovations are expected to further increase the growth of the sub-segment during the forecast period.

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The Signal Intelligence Industry (SIGINT) cybernetics sub-segment will experience huge market growth and is expected to exceed $ 3,608.0 million by 2027, up from $ 2,480.8 million in 2019. The intelligence About cyber threats is the vital information that the defense industry primarily uses to understand the potential threat. In addition, it has a major role in the collection, analysis and categorization of all information associated with the actors of the threat and the attack process used. In November 2020, CY4GATE, a company active in broad areas of the cyber industry, announced that it had won the Cyber ​​Intelligence and Cyber ​​Defense Modeling Scalable Development Contract for a leading center of excellence in NATO (North Atlantic Treaty Organization). These factors can propel the market growth during the projected period.

The aerial sub-segment of the Signal Intelligence (SIGINT) market will hold the largest share and is expected to reach $ 33,615.2 million by 2027, up from $ 2,893.3 million in 2019. The solutions contribute to facilitate routine air operations. forces as a regular transmission of information. In addition, the solutions serve the right data at the right time and play a key role in collecting information associated with any unwanted activity to provide authorities for quick decision making.

North America signal intelligence market (SIGINT) generated revenue of $ 4,195.1 million in 2019 and is expected to achieve revenue of $ 5,528.3 million by the end of 2027. Supportive government policies should require innovative tools , which could ultimately promote market growth in the region. For example, in December 2019, the U.S. government announced that it had signed a National Defense Authorization Bill that increased funding for the military and defense sector.

Asia-Pacific Signal Intelligence Solutions (SIGINT) Market is expected to grow at a CAGR of 4.9% registering revenue of $ 4,540.4 million in 2027 due to increased spend by emerging economies such as South Korea, India, Japan and China towards the development of innovative SIGINT products. In addition, the extremely increased concentration of national and international players in the SIGINT market contributes to the considerable need for SIGINT systems in the APAC region. In addition, the rise of territorial and political conflicts, terrorist attacks and insurgencies are some of the factors that are fueling the market growth in the Asia-Pacific region.

Key players

  • BAE systems.
  • Thales Group
  • Northrop Grumman Corporation.
  • Lockheed Martin Corporation.
  • Raytheon Technologies Corporation
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Rheinmetall AG
  • Mercury Systems, Inc
  • L3Harris Technologies, Inc.

Reference: https://www.researchdive.com/press-release/signals-intelligence-sigint-market.html

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