New York, USA, November 30, 2021 (GLOBE NEWSWIRE) – According to the report published by Research Dive, the Global Signal Intelligence Market (SIGINT) should generate a turnover of $ 17,362.9 million by 2027, growing exponentially at a CAGR of 4.0% during the forecast period 2020-2027. The inclusive report provides a brief overview of the current market scenario including significant market aspects such as growth drivers, challenges, restraints, and various opportunities over the forecast period. The report also provides all the market figures which makes it easier and easier for new entrants to understand the market.
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Signal Intelligence Market Dynamics (SIGINT)
Conductors: The increasing number of terrorist attacks in developing and developed countries across the globe is expected to drive the market growth during the forecast period. In addition, increased investment in the defense sector by various countries across the world is expected to further enhance the growth of the signal intelligence market during the forecast period.
Constraints: The exorbitant costs associated with the deployment of the signal intelligence system are expected to hamper the growth of the market during the forecast period.
Opportunities: The increasing prevalence of SIGINT solutions in jamming, eavesdropping, radio frequency (RF) spectrum mapping, cybersurveillance and others are expected to create huge opportunities for market growth during the forecast period.
Impact of COVID-19 on the Signal Intelligence Market (SIGINT)
The COVID-19 outbreak has had a remarkable impact on the global signal intelligence market, due to the prevalence of blockages in various countries around the world. The implementation of signal intelligence has significantly accelerated public health measures by keeping control over the severity of epidemics. Thus, the pandemic has had a positive impact on the growth of the global signal intelligence market.
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Signal Intelligence Market Segments (SIGINT)
The report has divided the market into different segments based on type, solution, and region.
Type: most profitable COMINT sub-segment
The COMINT sub-segment is expected to generate revenue of $ 9,041.7 million by 2027 during the forecast period. COMINT is an effective tool that helps the military make real-time decisions, in addition to providing a strategic advantage on the battlefield. This factor is expected to drive the growth of the Signal Intelligence market sub-segment during the forecast period.
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Solution: The airline sub-segment will be the most lucrative
The airline sub-segment is expected to generate revenues of $ 3,615.2 million during the forecast period. SIGINT solutions make a significant contribution to in-depth collaborative mission planning and air force management. This factor is expected to support the growth of the sub-segment during the forecast period.
Region: North America expected to dominate the market
The North America region is expected to generate sales of $ 5,528.3 million during the forecast period. The huge investments in the defense sector made by the countries in this region are expected to drive the growth of the market. Furthermore, the presence of prominent market players in this region is expected to accelerate the growth of the regional signal intelligence market during the forecast period.
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Key players in the Signal Intelligence (SIGINT) market
1. BAE systems
2. Northrop Grumman Corporation
3. Raytheon Technologies Corporation
4. General Dynamics Corporation
5. L3Harris Technologies
6. Thales Group
7. Lockheed Martin Company
8. Elbit Systems, Ltd
9. Rheinmetall SA
10. Mercury Systems, Inc.
These players work on developing strategies such as product development, mergers and acquisitions, partnerships and collaborations to support market growth.
For example, in September 2021, Dover Corporation, an American industrial products manufacturing conglomerate, acquired The Espy Corporation, an innovative signal intelligence company that designs and manufactures advanced radio frequency electronic sensor systems, in order to capitalize on long-term growth trends of intelligence signals.
The report also summarizes many important aspects including financial performance of key players, SWOT analysis, product portfolio and latest strategic developments. Click here for the Top Business Development Strategies Summary Report.
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