Leading market players are investing heavily in research and development to expand their product lines, which will help the signal intelligence market grow even more. Market participants are also undertaking numerous strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the signal intelligence industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the signal intelligence industry to benefit clients and increase the market sector. Major players in the signal intelligence market, including BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Thales (France), Raytheon (US), Elbit Systems (Israel), and others, are attempting to increase market demand by investing in research and development operations.
CACI International Inc is a provider of information technology solutions and services. The company provides business systems, communications, space operations and resiliency, command and control, communications, cyber security, health, intelligence services, enterprise information technology, investigation solutions and litigation support, resilient communications technologies and surveillance and reconnaissance solutions. CACI serves the US Department of Defense, government, and commercial markets. It also provides solutions and services for intelligence, defense and federal civilian customers to support government transformation and national security missions. In Feb 2023, CACI International signed a five-year cooperative R&D agreement (CRADA) with the U.S.
Army Space and Missile Defense Technical Center to develop and test advanced capabilities of Tactical SIGINT, radio technology on a demonstration satellite.
Elbit Systems Ltd (Elbit Systems) designs and develops systems and equipment for aerospace, command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR). The company offers advanced electro-optics and countermeasures systems, unmanned aircraft systems (UAS) and unmanned surface vessels, military aircraft, airborne systems, helicopter systems, aerostructures and systems, helmet-mounted systems, and land and naval systems. Elbit Systems upgrades military platforms and develops new technologies for homeland security, defense, and commercial aviation markets. In June 2022, Elbit Systems Ltd. announced that the firm had been awarded a contract to supply an Electronic Warfare (EW) solution to international customers for USD 70 million.
Under the agreement, Elbit Systems would provide ground-based EW and Signal Intelligence (SIGINT) units equipped with Electronic Support Measures, Counter Measures, and Command and Control systems.