Strategic Partnerships and Product Launches by Market Players such as BAE Systems, Elbit Systems, and Others to Foster the Growth of the Global Signals Intelligence (SIGINT) Market

The purpose of signals intelligence (SIGINT) is to gather information about threats, capabilities, actions, and intentions of a country’s adversaries. Since, sensitive information is encrypted, cryptanalysis is used to decipher the messages. Along with SIGINT, intelligence agencies and military also rely on human intelligence (HUMINT), open source intelligence (OSINT), geospatial intelligence (GEOINT), cyber intelligence (CYBINT) and many more.

Covid-19 Impact on Signals Intelligence Market

The global signals intelligence (SIGINT) market is estimated to rise significantly during the Covid-19 pandemic due to the presence of innovative participants in the market. These key players are focusing on launching webinars and developing strategic partnerships in order to enhance themselves in the global market to curb the effect of the pandemic on their businesses. For instance, in July 2020, CRFS Ltd. that deals with RF geolocation solutions has announced the release of new webinar series for educating and supporting those who are indulged in electronic warfare.

Signals Intelligence (SIGINT) Market Trends and Developments

The well-known participants of the signals intelligence market are focusing on developing new strategies such as mergers and acquisitions, investments in research & development, collaborations & tie-ups, and novel product launches. These strategies and plans have proved to be useful in achieving an upper hand in the global signals intelligence (SIGINT) market in these recent years.

In June 2018, Elbit Systems Ltd. introduced SigmaCell which is a real-time active cellular intelligence system that can be used to neutralize cellular communication of criminals and terrorists.

In April 2019, Mercury Systems, Inc., an aerospace & defense company, announced the acquisition of The Athena Group, Inc., an electronics manufacturer company and Syntonic Microwave LLC, a provider of advanced microwave frequency.

In December 2019, Dassault Aviation, an aircraft manufacturing company, partnered with Thales, an aerospace company, for developing new generation of signals intelligence technology. Thales Company will manufacture sensors for the SIGINT payload and integrate the entire system on Dassault Aviation’s Falcon 8X aircraft.

In September 2020, BAE Systems, a renowned British multinational arms, security, and aerospace company, announced the launch of its Unmanned Undersea Vehicle (UUV) portfolio, the Riptide UUV-12, which can be easily adapted to meet a variety of mission needs, like those that require larger payloads.

Forecast Analysis of Signals Intelligence (SIGINT) Market

The global signals intelligence (SIGINT) market is anticipated to rise at a considerable rate in recent times due to increase in terrorism across the globe. For instance, an article published on ndtv.com stated that Pakistan’s intelligence agency & terror groups have started recruitment in Jammu & Kashmir by using cyber space as direct interactions are difficult due to security forces hawk eyed vigil. Terrorist activities are further giving rise to investments in the defense sector which are carried out by several nations, thus resulting in the market growth. For example, as per the SIPRI (Stockholm International Peace Research Institute) report published in April 2020, the global defense expenditure stood at $1,917 billion in 2019. The report stated that China and India ranked second and third respectively in military expenses due to the ongoing border disputes of India with China & Pakistan. These factors are expected to fuel the market growth in the upcoming years.

Heavy expenditures for deploying signal intelligence is estimated to restrain the market growth in the future. Whereas, penetration of SIGINT solutions in various applications such as radio frequency (RF) spectrum mapping, jamming, maritime domain awareness, and cyber-surveillance is predicted to open up opportunities for the market growth in the recent future. According to a report published by Research Dive, the global signals intelligence (SIGINT) market is expected to reach $20,013.20 million by 2030. Apart from this, the North American signal intelligence market is projected to witness massive growth in the recent years due to the presence of well-established companies like Lockheed Martin, Northrop Grumman, and Raytheon.

The key players of the global signals intelligence (SIGINT) market include BAE Systems, Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, Elbit Systems Ltd., Raytheon Technologies Corporation, General Dynamics Corporation, L3Harris Technologies, Inc., Rheinmetall AG, and Mercury Systems, Inc.