The signal intelligence market size was valued at USD 15.5 Billion in 2022. The signal intelligence industry is projected to grow from USD 16.33 Billion in 2023 to USD 24.88 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2023 - 2032). Growing interconnect and dependency on information exchange through various communication channels, increasing internet penetration, expansion of digital devices, and evolved telecommunications infrastructure are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for signal intelligence is driven by the Increasing presence of signals intelligence in the public domain. Signal intelligence capabilities are majorly used by the government and defense sector, but signal intelligence solutions are expanding their reach in other applications areas, including maritime domain awareness; Radio Frequency (RF) spectrum mapping; eavesdropping, jamming, and hijacking of satellite communications; and cyber-surveillance. Maritime domain awareness is the most mature commercial signal intelligence application, which effectively understands any vessel or object in the maritime domain that could affect security, safety, economy, or the environment. Various industries are now equipped with SIGINT systems for protection and security.
Furthermore, the rise of surveillance for using a public health crisis to cloak emergency-implemented surveillance techniques. Several market players provide innovative solutions to help naval forces drive the demand for signal intelligence market revenue. For instance, in September 2020, Rohde & Schwarz, a leading naval communications intelligence solutions provider, introduced the multichannel naval COMINT system that helps increase situational awareness on naval vessels and expand surveillance abilities. The system can detect and monitor communications in HF (high frequency), UHF (ultra-high frequency), and VHF (very high frequency) bands.
Additionally, with technological advancements, signal intelligence is increasingly gathered using unmanned aerial vehicles such as drones. With the growth in shifting velocities and frequency signals used for intelligence techniques, this information is the foundation for aerial surveillance, military and defense systems, safety measures, and security control. These systems help collect critical information on international terrorist organizations and their activities. Along with the rise of terrorism, these signals serve as powerful deterrents for military officials and national governments. The signals assist in identifying potential dangers that national security forces could encounter shortly. This intelligence aids in developing insights into opponent goals, dispute areas, threat capabilities, and necessary countermeasures. The technology suite includes a variety of sensors, sonars, radars, command and control centers, and quick interception boats outfitted with a specific suite of sensors.
The growing utilization of the electromagnetic spectrum for civil and commercial applications for activities, including broadband and navigation and live television streaming, has implemented the usage of numerous frequencies for several electronic devices. This has made frequency detection difficult. Militaries worldwide are concentrating on gathering intelligence regarding threats through the detection of frequency hopping, a tactical indicator to display threat category, the density of transmission, signal parameters and other applicable information.
The signal intelligence market segmentation, based on type, includes electronics intelligence (ELINT), communication intelligence, and foreign instrumentation signals intelligence (FISINT). The communication intelligence segment dominated the market, accounting for 35% of market revenue (5.72 Billion). In developing economies, category growth is driven as it helps militaries with real-time decision-making and provides a strategic benefit on the battleground. The system collects the enemy's data from their communication system, including voice or text messages. However, electronics intelligence (ELINT) is the fastest-growing category due to its huge utilization in managing processes in disrupted and isolated areas by keeping the aviators, ground forces, and sailors in the loop with the control center and gathering.
Figure 1: Signal Intelligence Market, by Type, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The signal intelligence market segmentation, based on application, includes land-based, airborne, naval, and space. The airborne category generated the most income (70.4%). Signal intelligence solutions help achieve universal situational awareness, air-force management, and comprehensive, collaborative mission planning. These solutions are critical in real-time decision-making. However, naval is the fastest-growing category due to the use of innovative technology to collect and scan apprehended foreign communication systems and non-communications. They identify and process intercepted signals, then analyze them to determine target identification and operational patterns. They then use this data to create combat, strategic, and tactical intelligence decisions.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American signal intelligence market will dominate, with heavy investment in the defense sector in countries. Significant initiatives have been undertaken to identify and address the growing cyber security concerns in the defense sector will boost the market growth in this region. Further, the US signal intelligence market held the largest market share, and the Canadian signal intelligence market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SIGNAL INTELLIGENCE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, MRFR Database, Secondary Research, and Analyst Review
Europe's signal intelligence market accounts for the second-largest market share due to the rising advancements in information technology, upgradation of existing weapons with surveillance, intelligence, and increasing volume of classified data gathered from various systems have demanded the use of enhanced and reliable cybersecurity solutions for the defense industry which drives the market growth in this region. Further, the German signal intelligence market held the largest market share, and the UK signal intelligence market was the fastest-growing market in the European region.
The Asia-Pacific signal intelligence Market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to rising incidences of terrorist attacks in recent years that have compelled the region's government to implement robust physical security strategies. Hence, the companies in the country are actively focused on their product innovation strategies to offer enhanced security solutions catering to the defense industry. Moreover, China’s signal intelligence market held the largest market share, and the Indian signal intelligence market was the fastest-growing market in the Asia-Pacific region.
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.
May 2023: Saab Kockums delivered a new signal intelligence (SIGINT) naval vessel, HMS Artemis, to the Swedish Defence Materiel Administration. With this, the Swedish Navy has found a suitable replacement for the ship HMS Orion, which is more than three decades older.
November 2022: Saab announced a contract for the design, manufacturing, and maintenance of two SIGINT ships for the Polish Ministry of Defense's procurement authority, the Armament Agency. The agreement is now in existence because all requirements have been satisfied. As a result, Saab has now recorded an order intake worth about SEK 6.7 billion.
Electronics Intelligence (ELINT)
Communication Intelligence
Foreign Instrumentation Signals Intelligence (FISINT)
Land Based
Airborne
Naval
Space
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 15.5 Billion |
| Market Size 2023 | USD 16.33 Billion |
| Market Size 2032 | USD 24.88 Billion |
| Compound Annual Growth Rate (CAGR) | 5.40% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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), and Mercury Systems (US) |
| Key Market Opportunities | Increasing terrorism to remain a threat |
| Key Market Dynamics | Growing defense budgets of major countries across the globeThe increasing presence of signals intelligence in the public domain |
Signal intelligence Market Highlights:
Frequently Asked Questions (FAQ) :
The signal intelligence market size was valued at USD 15.5 Billion in 2022.
The market is projected to grow at a CAGR of 5.40% during the forecast period, 2023-2032.
North America had the largest share of the signal intelligence market.
The key players in the market are BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Thales (France), Raytheon (US), Elbit Systems (Israel), General Dynamics (US), Saab (Sweden).
The communication intelligence category dominated the market in 2022.
Airborne had the largest share of the market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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