PUBLISHER: Grand View Research | PRODUCT CODE: 1474985
PUBLISHER: Grand View Research | PRODUCT CODE: 1474985
The global signals intelligence market size is anticipated to reach USD 24.42 billion by 2030 and is projected to grow at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing cross border tensions and the advent of natural language processing (NLP) are driving the market's growth. NLP is making it increasingly efficient to decode the intercepted signals, leading to rising applications in intelligence, surveillance, and reconnaissance (ISR).
The COVID-19 pandemic had a mixed impact on the SIGINT market. The increased demand for situational awareness to track the pandemic's spread, manage resources, and monitor potential threats. Rising cybersecurity concerns, such as the spread of misinformation and cyberattacks, led to the need for SIGINT. Despite this demand, supply chain disruptions had a negative impact on the market growth.
The increase in terrorism globally has posed significant challenges to national and international security apparatus. The utilization of SIGINT in counterterrorism efforts enables authorities to monitor and track the activities of terrorist networks, identify key operatives, uncover their communication networks, and preemptively disrupt their plans. Some of the countries facing terrorism at large are Afghanistan, Nigeria, Yemen, Democratic Republic of Congo, and Ethiopia.
In addition, the evolving regulatory landscape and increasing emphasis on data privacy and compliance are shaping the dynamics of the SIGINT market. Stricter regulations regarding the collection, storage, and usage of intercepted data are driving innovation in SIGINT technologies to ensure compliance while maintaining effectiveness in intelligence operations.