Signals Intelligence (SIGINT) Market Value to Exceed USD 23.3 Billion by 2030
Growing defense budgets of major countries across globe may augment demand for signal intelligence (SIGINT), which may act as major driving factor for market.
PORTLAND, PORTLAND, OR, UNITED STATES, February 13, 2023 /EINPresswire.com/ — According to the report, the global signals intelligence (SIGINT) market generated $15.5 billion in 2021, and is expected to reach $23.3 billion by 2030, witnessing a CAGR of 4.5% from 2022 to 2030.
Increase in defense budgets of major countries across the globe and rise in adoption of advanced and innovative technologies and products drive the growth of the global signals intelligence market. However, budgetary constraints and lack of skilled personnel restrain the market growth. On the other hand, the emergence of solutions that enable air-force management, situational awareness, and extensive collaborative mission planning presents new opportunities.
Download Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/6010
The electronic intelligence (ELINT) segment contributed to the largest share in 2021
Based on type, the electronic intelligence (ELINT) segment held the highest market share in 2021, contributing to more than half of the global signals intelligence market. This is attributed to the utilization of ELINT to gather information regarding radars and operational methods of enemy and ensure national safety and border security. However, the communications intelligence (COMINT) segment is estimated to witness the largest CAGR of 6.1% from 2022 to 2030, owing to increase in adoption of technologies such as artificial intelligence in electronic warfare, machine learning, and 5G by military departments across the world.
The airborne segment accounted for the highest share in 2021
Based on application, the airborne segment contributed the highest market share in 2021, accounting for more than four-fifths of the global signals intelligence industry. This is attributed to adoption of signal intelligence systems to achieve universal situational awareness, air-force management, and extensive collaborative mission planning. However, the cyber segment is expected to manifest the fastest CAGR of 5.2% from 2022 to 2030, owing to increase in number of cyber-attacks globally.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6010
North America to maintain its dominance in terms of revenue by 2030
Based on region, North America accounted for the highest market share in terms of revenue in 2021, accounting for nearly one-third of the global signals intelligence market, and is expected to maintain its dominance in terms of revenue by 2030. This is attributed to heavy investments in the defense sector in countries including the U.S. and Canada. However, Asia-Pacific is estimated to register the fastest CAGR of 5.0% during the forecast period. This is due to rise in security & border threats from neighboring countries, technological advancements, and rapid economic development in China, India, Russia, and South Korea.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/6010
Key market players –
• BAE Systems
• Thales Group
• Northrop Grumman Corporation
• Lockheed Martin Corporation
• Raytheon Company
• Elbit Systems Ltd.
• General Dynamics Corporation
• Rheinmetall AG
• Mercury Systems Inc.
• Harris Corporation
Key Findings of the Study:
• On the basis of type, the COMINT segment emerged as the global leader in 2021 and is anticipated to hold highest signal intelligence market share during the forecast period.
• On the basis of solution, the airborne signal intelligence segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
Buy Now & Get Exclusive Discount on this Report
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Related Report:
1. Artificial Intelligence As A Service Market
David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
