The growing demand for UAS-based SIGINT systems is one of the major factors to have a positive impact on the market’s growth for years to come as stated in the research analysis report on the global signal intelligence system market. According to the report, this market will expand at a CAGR of 6% from 2017 to 2021. The presence of many regional and multinational vendors makes this market highly competitive. Players are basing their competition with each other by vying for innovative technologies, improved quality and reliability, and upgrading existing systems.
Larger players within the market are offering integrated solutions that cater to the demands of governments wishing to strengthen their military with upgraded and advanced intelligence systems. The other prominent vendors in the market are Israeli Aerospace Industries (IAI), BAE Systems, Southwest Rese, Elbit Systems, Northrop Grumman, General Dynamics, Mercury Systems, Saab, and Rockwell Collins. Leading players within the market are profiled in the report for the purpose of studying the business strategies employed by these companies as well as to know about the recent developments of these companies. The challenges faced by these companies while on the pursuit of gaining profit in the competitive SIGINT market and the expansion strategies adopted by players have been included in the report.
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In the recent years the usage of unmanned aerial system (UAS) in ministry application has witnessed a visible growth. The need of having a higher number of UAS is increasing continuously due to the applications in security, search and rescue, monitoring, impact and disaster management, communications, and munitions. To get an edge over the asymmetrical flight against Kurdish insurgents and unfriendly Islamic groups, the Turkish military already has blueprints to procure UAS with SIGINT capabilities. A contract of US$3 bn has already been granted by the US air force to develop, modernize and maintain the US Air Force variants of the Global Hawk unmanned surveillance plane. One of the latest trends that is anticipated to gain traction is the evolution of small size SIGINT systems.
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The report not only discusses leading factors pushing the growth of the market but also identifies various factors that may hamper the growth of the global signal intelligence system market in the years to come. The impact analysis of these restraints is also studied. One of the factors restraining the adoption of signal intelligence systems is the size and the weight of the payload. This however, if compelling OEMs to make smaller, advanced, and more powerful systems. On the basis of application, the market is segmented into ground-based intelligence system, naval vessel- based signal intelligence system, and airborne signal intelligence system. Of these the ground-based signal intelligence systems segment has been leading in the market on account of the high demand for improved and advanced intelligence systems that will protect the lives of soldiers and enhance their ability to identify and interpret information on enemies correctly.
On the basis of geography, the market is segmented into Asia Pacific, Europe, the Americas, and the Middle East and Africa. It is predicted that the Americas will emerge as the highest revenue contributor to the signal intelligence system market throughout 2021. Growing conflicts between nations and the need to suppress militant groups across the globe are factors propelling the growth of this market in North America. The fastest growing regional segment is also revealed in the report.
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