Global communication intelligence market is expected to experience a significant growth during 2020-2027. Vehicle mounted and man-portable sub-segments are estimated to be the most profitable segments. Asia-pacific is expected to lead the market.
NEW YORK, July 26, 2021 /PRNewswire/ -- Research Dive has published a report titled "Communication Intelligence (COMINT) Market by Platform (Airborne, Vehicle Mounted, Naval, and Others), Mobility (Fixed and Man-portable), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020-2027"
The Global Communication Intelligence Market is predicted to generate a revenue of $9,148.1 million at a CAGR of 6.1% during the forecast period (2020-2027).
Communication Intelligence (COMINT) Market: Regional Analysis
The Asia-Pacific Communication Intelligence (COMINT) Market recorded a revenue of $1,434.3 million in 2019 and is further predicted to generate a revenue of $2,398.2 million during the analysis period. This is mainly because the demand of communication intelligence (COMINT) platforms is continuously increasing. Also, the regional countries such as India and China are using advanced security technologies in order to maintain peace and safety in their own countries.
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Highlights of the Market
The report has divided the market based on platform and mobility.
- Platform Segment: The vehicle mounted sub-segment is expected to garner the highest revenue of $1,488.1 million at a CAGR of 6.8%, rising from $895.1 million in 2019 during the forecast period. The emergence of new and innovative COMINT solutions with complete advanced system in place of independent sensor-based platforms is one of the major factors enhancing the growth of the market.
- Mobility Segment: The man-portable sub-segment is predicted to surpass $4,842.3 million by the end of 2027, increasing from $2,992.2 million in 2019. The main reason behind this growth is that the man-portable COMINT is one of the most essential tools that supports militaries to make real-time decisions which offers a strategic benefit on the battleground. These systems can also collect enemy's data including voice or text messages from their communication systems which has increased its demand.
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Dynamics of the Market
Security and defense sectors of any country rely on communications surveillance and intelligence technology to safeguard their infrastructure and people from cross-border operations or any kind of warfare. Communication intelligence technologies can provide confidential information regarding illegal activities and help the defense sector in a significant way. The rising demand of advanced security solutions across the aerospace and defense industry is anticipated to boost the market during the forecast period. The implementation of communication intelligence systems requires a high amount of investment, which is expected to hamper the growth of the market during the forecast period. COMINT technology plays a crucial role in the government and the defense sector. COMINT solutions are being developed for multiple areas such as, radio frequency (RF), jamming, eavesdropping, spectrum mapping, cyber-surveillance, and maritime domain awareness. These factors are expected to create many opportunities in the market during upcoming years.
Top Players of the Communication Intelligence Market
The most prominent players of the global communication intelligence market include
- Raytheon Company
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Thales Group
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- Elbit Systems Ltd.
- BAE Systems
- TCI International, Inc.
- Saab AB,
- HENSOLDT
These companies are focusing on R&D, merger and acquisition, and many other strategies to sustain the growth of the market. The report also reviews many other important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic development.
In April 2020, Raytheon Technologies Corporation, an American multinational aerospace and defense conglomerate, successfully completed the merger with United Technologies Corporation, a US based multinational conglomerate. - Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]
Covid-19 Impact on Communication Intelligence (COMINT) Market
The coronavirus outbreak has impacted the world economy in a negative way. Most of the industries experienced massive downfall because of the restrictions imposed across supply chain and countries. The pandemic is going to affect the communication intelligence market in a slightly negative way. The aircraft manufacturing industries has reduced the production process because of the lessening demand of aircraft during the lockdown period. However, defense projects and military equipment manufacturing industries were still working because of the precautions taken by the governments during the pandemic period.
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More about Communication Intelligence:
Understanding Communication Intelligence: Its Importance and Characteristics
Global Communication Intelligence (COMINT) Market to Climb Heights with Augmented Adoption of Security Solutions in Industries
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