According to a new market research report "Signals Intelligence (SIGINT) Marketby Type (Electronic Intelligence (Elint) & Communications Intelligence(Comint)), Application (Airborne, Naval, Ground (Vehicle-Mounted, Soldiers,& Base Station), Space, & Cyber), and Region - Global Forecast to 2023",published byMarketsandMarkets™, the global SIGINT market size is expected to grow from USD12.8 billion in 2018 to USD 15.6 billion by 2023, at a Compound Annual GrowthRate (CAGR) of 4.1% during the forecast period.
The major driving factors for the SIGINT market are theincreasing terrorism, growing defense budget of major countries across theglobe, and modernization or replacement of an aging defense system.
Browse 48 market data Tables and 41 Figures spreadthrough 116 Pages and in-depth TOC on "Signals Intelligence (SIGINT) Market by Type (Electronic Intelligence (Elint) &Communications Intelligence (Comint)), Application (Airborne, Naval, Ground(Vehicle-Mounted, Soldiers, & Base Station), Space, & Cyber), andRegion - Global Forecast to 2023"
Electronic Intelligence (ELINT) typesegment is expected to account for a higher market share during the forecastperiod.
The ELINTtype is expected to be the largest SIGINT market, owing to its increasing needacross air, naval, and ground. ELINT is the information gathered by the use ofelectronic sensors. It involves gathering data about the enemys electronicdefense network, particularly electronic devices such as radars, surface-to-airmissile systems, aircraft, and electronic transmitters. The increasingcomplexity of threats across the globe is driving the ELINT market as the ELINTtechnology assists in detecting, recognizing, and countering the threats.
Airborne application is expected toaccount for the highest market share during the forecast period.
SIGINTsolutions provide actionable real-time information and enable universalsituational awareness, in-depth collaborative mission planning, and managementto air forces. The solutions ease the routine operations of air forces asregular information transmission plays a vital role in real-timedecision-making. The solutions provide the right information at the right timeand are responsible for collecting information related to any unwantedmovements and activities to offer authorities the information for quickdecision-making.
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