Signals Intelligence (SIGINT) Global Market Report 2024

Signals intelligence involves the collection of foreign intelligence through electronic signals and systems used by foreign targets, including radars, communications systems, and weapons systems. This provides a crucial means for a nation to gain insights into the capabilities, actions, and intentions of foreign adversaries. Signals intelligence is utilized by governments worldwide to gather data about international terrorists and foreign individuals, organizations, or powers.

The main types of signals intelligence include electronic signal intelligence, communications intelligence, and foreign instrumentation signal intelligence. Electronic signal intelligence provides situational intelligence, records ELINT (electronic intelligence), and analyzes non-communication radio signals, particularly radar broadcasts. It utilizes a chain of analytical modules and specific passive or active electronic sensors, updating databases with recorded radar signals. Signals intelligence is further categorized by mobility into fixed and man-portable systems, and it finds applications in cyber, ground-based, naval, space, and airborne intelligence.

The signals intelligence market research report is one of a series of new reports that provides signals intelligence market statistics, including signals intelligence industry global market size, regional shares, competitors with a signals intelligence market share, detailed signals intelligence market segments, market trends and opportunities, and any further data you may need to thrive in the signals intelligence industry. This signals intelligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The signals intelligence (sigint) market size has grown steadily in recent years. It will grow from $14.33 billion in 2023 to $14.91 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth observed in the historic period can be attributed to various factors, including military and defense imperatives, the impact of the Cold War and global conflicts, concerns related to global terrorism and security, the proliferation of cyber threats, and the expansion of signals intelligence into civilian and commercial applications.

The signals intelligence (sigint) market size is expected to see steady growth in the next few years. It will grow to $18.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be attributed to several factors, including a shift towards autonomous and intelligent systems, increased investments in research and development, the evolving nature of threats and adversaries, the adoption of cloud-based and big data solutions, and regulatory changes with accompanying privacy concerns. Major trends expected in the forecast period include the integration of artificial intelligence and machine learning, advancements in encryption and decryption technologies, the emergence of quantum computing, the impact of 5G and the Internet of Things (IoT) on signals intelligence, as well as a focus on privacy regulations and ethical considerations.

The anticipated growth in the defense budgets of major countries globally is poised to be a driving force behind the signals intelligence market. Safeguarding a nation is a core governmental responsibility, covering its populace, economy, and institutions. National security is a paramount concern for numerous countries worldwide, prompting significant expenditures for establishment and maintenance. In April 2023, data from The Peter G. Peterson Foundation revealed that the United States, in 2022, accounted for approximately 40% of the world's total military expenditures. The U. S. witnessed a $71 billion increase in defense spending from 2021 to 2022, partly due to military aid provided in support of Ukraine during its ongoing conflict. Presently, the United States allocates more funds to defense than the combined spending of the next 10 countries, a notable shift from outspending the next 9 countries in 2021. Hence, the escalating defense budgets of major nations propel the signals intelligence market.

The increasing frequency of terrorist attacks is expected to be a catalyst for the growth of the signal intelligence (SIGINT) market. Terrorist attacks, involving violent actions by individuals, groups, or organizations intending to instill fear, harm, and disruption, necessitate effective monitoring and interception of communication and data associated with such groups. SIGINT plays a pivotal role in providing valuable insights to security and intelligence agencies. As per the Office for the Coordination of Humanitarian Affairs (OCHA), terrorist attacks in 2022 exhibited higher average casualties, with each attack resulting in 1.7 casualties, up from 1.3 casualties per attack in 2021. This marks the first increase in the deadliness of such attacks in five years. Thus, the growing frequency of terrorist attacks is anticipated to drive the signal intelligence (SIGINT) market.

Technological advancement emerges as a prominent trend in the signals intelligence market, with key players focusing on incorporating the latest technologies such as cloud and advanced sensors into signals intelligence architecture. Utilizing advanced signals intelligence systems equipped with innovative features enables key players to gain a competitive advantage. For example, in October 2021, Northrop Grumman, a U. S. -based aerospace and defense company, introduced a next-generation signals intelligence architecture named SAGE. SAGE is a cloud-based, platform-agnostic open architecture that incorporates transceivers and microservices, serving as a comprehensive sensor. This system, with smaller configurations, allows for greater size, weight, and power flexibility aboard various platforms.

Major companies operating in the Signals Intelligence (SIGINT) market are actively entering contracts related to various aspects of SIGINT equipment and services to enhance their competitive position. SIGINT equipment and services encompass technology, tools, and support services designed for the collection, analysis, and interception of electronic signals, communications, and data for intelligence and security purposes. As an illustration, in November 2022, Saab AB, a Sweden-based defense and security company, secured a contract for the design, manufacturing, and maintenance of two SIGINT ships for the Polish Ministry of Defense's Armament Agency. This contract was part of Saab's robust order intake in Q1 2023, amounting to SEK 17 billion ($16.4 billion), marking a notable 110% increase from Q1 2022.

In September 2021, Dover Corporation, a UK-based industrial product manufacturer, acquired The Espy Corporation for an undisclosed amount. Through this acquisition, Espy Corporation became part of the Microwave Products Group (MPG) within Dover's Engineered Products segment. The acquisition positions MPG to capitalize on long-term growth trends in signal intelligence. Espy Corporation is a U. S. -based company specializing in signal intelligence solutions.

Major companies operating in the in the signals intelligence (sigint) market report are BAE Systems PLC, Elbit Systems Ltd., General Dynamics Corporation, L3Harris Technologies Inc., Israel Aerospace Industries, The Boeing Company, Cobham PLC, Williams Control - Curtiss Wright, Hensoldt AG, Honeywell International, Indra Sistemas S. A., Jitterbit Inc., Lockheed Martin Corporation, Mercury Systems Inc., Microsoft Corporation, MuleSoft LLC, National Instruments Corporation, Oracle Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Rohde & Schwarz GmbH & Co KG, Rolta India Limited, Saab AB, SAP SE, Systematic A/S, Thales Group SA, ThinkRF Corp., Booz Allen Hamilton Holding Corporation, Northrop Grumman Corporation, Safran Group

North America was the largest region in the signals intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the signals intelligence (sigint) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the signals intelligence (sigint) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The signals intelligence market includes revenues earned by entities by providing information about terrorizations, activities, capabilities, and intentions of a country's rivals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.