The Rise and Impact of COVID-19 on Signal Intelligence (SIGINT) Market
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Forecast Analysis of Signals Intelligence Market
The global signals intelligence 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 $1917 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 market is expected to reach $17,362.9 million by 2027. 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.
Latest Developments in the Signal Intelligence Market
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 market in these recent years.
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In November 2020, the intelligence and space unit of Raytheon Technologies, an aerospace & defense company, has started a new project for developing threat detection system for military aircraft operators that’ll combine signals intelligence, electronic warfare, and cyber tools in a single open-architecture system.
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 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 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.
Covid-19 Impact on Signals Intelligence Market
The global signals intelligence 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.
Future Scope of the Market
The global signals intelligence market is projected to surge in the post pandemic period in order to maintain security and public safety. Moreover, government investments in the defense industry along with the development of inventions are likely to promote the global market growth in the near future.
Mr. Abhishek Paliwal
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