Information Communication and Technology Reports Signals Intelligence (SIGINT)

Signals Intelligence (SIGINT) Market worth
$15.6 billion by 2023
According to a new market research report "Signals Intelligence (SIGINT) Market by 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 by
MarketsandMarkets™, the global SIGINT market size is expected to grow from USD 12.8 billion in 2018 to USD 15.6
billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period.
The major driving factors for the SIGINT market are the increasing terrorism, growing defense budget of major
countries across the globe, and modernization or replacement of an aging defense system.
Browse and in-depth TOC on “Signals Intelligence (SIGINT) Market”
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The global SIGINT market is gaining traction, owing to factors such as increasing terrorism, growing defense budget
of major countries across the globe, and modernization or replacement of an aging defense system.
The SIGINT, by type, includes Electronic Intelligence (ELINT) and Communications Intelligence (COMINT). The
COMINT type is expected to grow at a higher CAGR during the forecast period. SMEs are organizations with less
than 1,000 employees. COMINT facilitates militaries with real-time decision-making and offering a strategic
advantage in the battlefield. It helps in detecting, intercepting, direction finding, and analyzing transmissions of
opponents, which gives the operator the ability to detect and analyze unusual patterns, signals, and movements of
enemy forces.
The SIGINT Market, by application, is segmented into 5 categories, namely, airborne, ground, naval, space, and
cyber. The space segment is projected to grow at the highest CAGR during the forecast period. SIGINT in space or
satellites is a vital resource for defense and security missions, especially while planning operations and mission
deployments remotely. The satellites are designed to provide strategic threat assessments and offer an
exceptional level of tactical support to decision makers and soldiers. This SIGINT satellite supports the warfighter,
as the warfighter retrieves every minute data on a 24/7 basis, potentially every day of the year.
In terms of geographic coverage, the global SIGINT market has been segmented into 5 major regions, namely,
North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. APAC is expected to
record the highest growth rate during the forecast period as the region comprises developed and emerging
economies such as Japan, Australia, China, and India. Technological advancements and rapid economic
development in China, India, Russia, and South Korea have helped in increasing the investments in the APAC
SIGINT market. The fast-growing economies of the APAC region are improving their defense capabilities. The