BAE Systems (UK) and Lockheed Martin (US) are leading players in Signals Intelligence (SIGINT) Market
The global SIGINT market size is projected to grow from USD 14.0 billion in 2020 to USD 17.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.2% 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.
Major vendors covered in the SIGINT market report include BAE Systems (UK), Lockheed Martin (US), Northrop Grumman (US), Thales (France), Raytheon (US), Elbit Systems (israel), General Dynamics (US), Saab (Sweden), HENSOLDT (Germany), Indra (Spain), Mercury Systems (US), Israel Aerospace Industries (Israel), Rolta India (India), Rolta India (Germany), Systematic (Denmark), L3Harris (US), Cobham (UK), and Leonardo (Italy)
These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the SIGINT market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2020 to innovate their offerings and broaden their customer base.
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BAE Systems (UK) provides its customers some of the world’s most advanced aerospace and defense technologies. The company has a robust product portfolio and focuses on improving the efficiency of its products. The company has received major contracts from various governments across the globe. For instance, in November 2018, the US Defense Advanced Research Projects Agency (DARPA) awarded BAE Systems a contract valued at USD 9.2 million for its Radio Frequency Machine Learning System (RFMLS) program. With the help of this program, the company aims to build new, data-driven machine learning algorithms that will help decipher the ever-growing number of RF signals, offering commercial or military users greater situational understanding of an operating environment..
Lockheed Martin (US) is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company offers a wide range of management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. It serves both US and international customers with products and services that have defense, civil, and commercial applications, with the principal customers being agencies of the US government. The company operates through 4 business segments, including Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space, previously known as Space Systems.
Related Reports:
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 2025
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