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The signal intelligence system market size has the potential to grow by USD 1.26 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (ground-based SIGINT system, airborne SIGINT system, and naval vessel-based SIGINT system) and geography (North America, APAC, Europe, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Leonardo Spa, Mercury Systems Inc., Northrop Grumman Corp., Raytheon Technologies Corp., Rohde & Schwarz GmbH & Co. KG, Saab AB, and Ultra Electronics Holdings Plc.
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The market is fragmented. The signal intelligence system manufacturers are competing based on innovative technologies and upgrades of existing systems, quality, and reliability. The large players in the SIGINT systems market can offer optimum and integrated solutions and they cater to the shifting focus of governments to strengthen their military with advanced and upgraded intelligence systems. BAE Systems Plc, Elbit Systems Ltd., and General Dynamics Corp. are some of the major market participants. Although the growing demand for UAS-based SIGINT system will offer immense growth opportunities, the high-grade encryption will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this signal intelligence system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this signal intelligence system market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
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North America was the largest signal intelligence system market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing conflicts between countries and the growing need to suppress various militant groups in several parts of the globe will significantly drive signal intelligence system market growth in this region over the forecast period.
38% of the market's growth will originate from North America during the forecast period. The US is the key market for signal intelligence systems in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and Europe.
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Factors such as the rising demand for better and advanced intelligence systems to protect the lives of soldiers and their ability to identify and interpret enemy information will fuel the growth prospects of the signal intelligence systems market in this segment.
Market growth in the ground-based SIGINT system will be slower than the growth of the market in the airborne GINT system and naval vessel-based SIINT system segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the signal intelligence system market size.
Technavio's signal intelligence system market forecast identifies the growing demand for UAS-based SIGINT systems as one of the major factors that will have a positive impact on the growth of the market in the coming years. The use of unmanned aerial system (UAS) in military applications has witnessed a significant increase in recent years. With applications in security, search and rescue, monitoring, impact and disaster management, communications, and munitions, the need for procuring a higher number of UAS is constantly increasing. The Turkish military has already made plans to procure UAS with SIGINT capabilities to gain an edge over the asymmetrical fight against Kurdish insurgents and hostile Islamic groups. The US Air Force has already granted a contract worth more than USD 3 billion towards the development, modernization, and maintenance of all the US Air Force variants of the Global Hawk unmanned surveillance plane. Our research analysts predict signal intelligence system market growth will be at a CAGR of over 6% by 2024.
The size and weight of the payload are the major challenges for the use of SIGINT systems on UAVs. This is inducing OEMs to introduce smaller, stronger, and more advanced systems. The sensor firm, VStar Systems has already completed the flight testing of its modular SIGINT sensor on the VTOL aircraft designed to fly from small areas with a minimal amount of support equipment. Our signal intelligence system market research and analysis predict that the evolution of small size SIGINT systems will be one of the latest trends that will gain traction in the SIGINT system market during the next four years.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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