The global SIGINT market size is projected to grow from USD 14.0 billion in 2020 to USD 17.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period. The major driving factors for the SIGINT market are the increasing terrorism, growing defense budget of major countries across the globe, and modernization or replacement of an aging defense system.
By type, the COMINT segment to register the highest CAGR during the forecast period
COMINT is the subset of SIGINT that facilitates militaries with real-time decision-making and offers a strategic advantage on the battlefield. COMINT is the gathering of data that involves messages or voice information from the enemy’s communication system. It helps in detecting, intercepting, direction-finding, and analyzing the transmissions of opponents. This provides the operator with the ability to detect and analyze unusual patterns, signals, and movements of enemy forces.
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Based on application, the cyber segment to grow at the highest CAGR during the forecast period
Cyber threat intelligence is the information that the defense sector uses to understand the potential threat. Attackers such as hacktivists, script-kiddies, cyber terrorists, cybercriminals, and targeted intrusion target business operations and IT systems, so it is very important to have a level of knowledge of such threats. In order to provide effective protection from cyber-attacks, intelligence provides means to collect, analyze, and sort all of the cyber-attack data related to the attacker and attack procedures used.
Major vendors covered in the SIGINT market report include BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Thales (France), Raytheon (US), Elbit Systems (israel), General Dynamics (US), Saab (Sweden), HENSOLDT (Germany), Indra (Spain), Mercury Systems (US), Israel Aerospace Industries (Israel), Rolta India (India), Rolta India (Germany), Systematic (Denmark), L3Harris (US), Cobham (UK), and Leonardo (Italy)
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the SIGINT market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2020 to innovate their offerings and broaden their customer base.
BAE Systems (UK) provides its customers some of the world’s most advanced aerospace and defense technologies. The company has a robust product portfolio and focuses on improving the efficiency of its products. The company has received major contracts from various governments across the globe. For instance, in November 2018, the US Defense Advanced Research Projects Agency (DARPA) awarded BAE Systems a contract valued at USD 9.2 million for its Radio Frequency Machine Learning System (RFMLS) program. With the help of this program, the company aims to build new, data-driven machine learning algorithms that will help decipher the ever-growing number of RF signals, offering commercial or military users greater situational understanding of an operating environment.
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Lockheed Martin (US) is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company offers a wide range of management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. It serves both US and international customers with products and services that have defense, civil, and commercial applications, with the principal customers being agencies of the US government. The company operates through 4 business segments, including Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space, previously known as Space Systems.
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