Portland, OR , Dec. 18, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the entire world communication market intelligence collected $7.1 billion in 2021, and is expected to generate $12.9 billion in 2031, showing a CAGR of 6.1% from 2022 to 2031. . This study provides valuable guidance to leading players, investors, shareholders, and startups in designing strategies for sustainable growth and gaining a competitive edge in the market.
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Report coverage and details:
|Market Size in 2021||$7.1 billion|
|Market Size in 2031||$12.9 billion|
|The number of pages in the report||298|
|Composite parts||Travel, Field, and Region.|
|Drivers||Adoption of Artificial Intelligence (AI) in electronic warfare and machine learning especially in defense departments around the world.|
|Opportunities||Increasing applications in many industries, including radio frequency (RF), communications, spectrum mapping, eavesdropping, and cyber-surveillance|
|Restrictions||High costs associated with the deployment of COMINT systems|
- The demand for military equipment in a few years is unlikely to be affected because the money for defense projects was set aside before the outbreak of the COVID-19 pandemic as it is important for the defense of the country. Because of this, the market for COMINT systems is expected to grow in the coming years.
- In addition, long-term positive effects on the market are likely to be seen due to increased government spending on defense worldwide.
The study provides detailed segmentation of the global communications intelligence market based on Mobility, Platform, and region. The report discusses the categories and their sub-categories in detail with the help of tables and figures. Market players and investors can strategize based on the highest revenue generating and fastest growing segments mentioned in the report.
Based on trends, the fixed segment accounted for the largest share in 2021, accounted for more than three-fifths of the global communications intelligence market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the mobile segment is expected to show the highest CAGR of 6.4% from 2022 to 2031.
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Based on platform, the segment accounted for the largest share in 2021, accounting for nearly two-fifths of the global communications intelligence market, and is expected to continue its leadership position during the forecast period. However, the airborne segment is estimated to grow at the highest CAGR of 6.7% during the forecast period.
Based on region, North America held the largest share in 2021, accounting for nearly two-fifths of the global communications intelligence market, and is expected to retain its leading share in terms of revenue in 2031. However, the Asia-Pacific region is expected to show the fastest CAGR of 6.6% during the forecast period.
The leading market players of the global communications intelligence market analyzed in the study include Bae systems, inc., Thales Group, Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Company, elbit systems ltd, L3Harris Technologies, Inc., hensoldt, General Dynamics Corporation, Israel Aerospace Industries.
The report provides a detailed analysis of these key players in the global communications intelligence market. These players have used different strategies such as new product launches, collaborations, expansions, collaborations, agreements, etc. to increase their market share and maintain high shares in different regions. The report is important in highlighting the business performance, functional segments, product portfolio, and strategic moves of the market players to show the competitive landscape.
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Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses and medium and small businesses with unmatched quality”Market Research Reports” and “Business Intelligence Solutions.” AMR has a mission to provide business intelligence and communication to help its clients make strategic business decisions and achieve sustainable growth in their marketplace.
We are in professional business relationship with various companies and this helps us in digging the market data which helps us to generate accurate research data tables and ensures maximum accuracy in our market forecast. Allied Market Research CEO Pawan Kumar is instrumental in encouraging and encouraging everyone associated with the company to maintain high quality data and help clients in every way to achieve success. All the information presented in the reports published by us is extracted from the main interviews with senior officials from the leading companies of the concerned domain. Our second method of data acquisition includes in-depth online and offline research and interview with experienced professionals and analysts in the industry.