Market Insights
In light of severe and more lethal terrorism events across the globe, intelligence strategies are evolving like never before. The market for intelligence technologies, once dominated by North America and Western Europe, is gradually moving towards the eastern hemisphere. Evolution in ICT technologies, development of technology payloads, high relevance of cybersecurity, and developments in the sensors segment are key factors determining the growth trends in the global advanced electronic systems market. Europe and North American markets currently dominate the cybersecurity space, with rapid evolution in the Asia-Pacific region.
The core of government efforts to prevent criminal and violent activities is the intelligence community and law enforcement organizations. These sections were considered separate activities for many years and were meant mainly to address the threat from agents and agencies of a foreign land outside the domestic borders. However, over the past few decades, intelligence agencies have witnessed a gradual shift in their very nature. Currently, they gather, manage, and interpret cross-border and domestic information while becoming proactive enterprises as opposed to their previously held reactive character.
Advanced electronic technologies for these organizations include intelligence, surveillance, and reconnaissance (ISR) systems, cybersecurity, data analytics, video surveillance, communication systems, disaster warning and recovery systems, biometrics, R.F. devices, and others. In addition, the digitization of the world and the anticipated shift in power from the west to the east, both in terms of wealth and competency, as well as the overwhelming terrorism events occurring worldwide, have urged the global intelligence community to adopt and implement modern techniques of warfare and security, greatly enabled through advanced electronic systems.
The report titled “Global Advanced Electronic Technologies for the Intelligence Community Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023” offers strategic insights into the global advanced electronic technologies market, with a focus on the national intelligence organizations worldwide, along with the market size and estimates for the duration 2013–2023. The report provides actual market data for the years 2013–2015, whereas the forecast is provided for the period 2016–2023. Further, the said research study covers an in-depth analysis of multiple market segments based on technology and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2023.
The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the impact of market drivers and restraints over the forecast period.
To help strategic decision-makers, the report covers a section wherein the most attractive segments of the market have been analyzed and discussed. The report also includes competitive profiling of the leading advanced electronic system manufacturers, their SCOT (strengths, challenges, opportunities, and weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Northrop Grumman Corporation, Raytheon Company, Lockheed Martin Corporation, BAE Systems Plc., Israel Aerospace Industries Ltd., General Dynamics Corporation, and others. The report also provides an overview of the major strategies adopted by the leading players recognized in the market.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the advanced electronics technologies and the overall defense electronics industry
- Market fuelers, market impediments, and their impact on market growth
- in-depth competitive environment analysis
- Trailing 2-year market size data (2013–2015)
- SRC (Segment, Region, Country) Analysis
Overall, the research study provides a holistic view of the global market for advanced electronic technologies for the intelligence community market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
The global market for advanced electronic technologies for the intelligence community is segmented, based on technology, into the following categories:
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Cyber Security
- Data Analytics
- Video Surveillance
- Communication Systems
- Disaster Warning and Recovery Systems
- Biometrics
- R.F. Devices
- Others
As of 2015, the cyber security segment leads the overall market with a market share, in terms of revenue, of over 18% of the total market. Entities and individuals with widespread and sophisticated cyberspace capabilities exploit cybervulnerabilities to steal information and extort money and are further developing abilities to destroy, disturb, and threaten essential service delivery. Military, administrative, and healthcare systems, financial institutions, and other businesses gather, process, and manage data across various networks. With the growth in volume and criticality of such information and the sophistication of cyber-attacks, constant attention is required to safeguard sensitive data and private information and ensure enterprise and national security. Thus, cyber security is one of the crucial parts of advanced electronic technologies for the intelligence community market due to the increasing threats of cyber-attacks from terrorists and infiltrations in several government databases.
The global market for advanced electronic technologies for the intelligence community has been segmented based on geographical regions, as per the following regions and countries:
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Based on geographic regions, North America is the largest market for advanced electronic systems for the intelligence community. The highest military and homeland security expenditures of the U.S., paired with the earliest introduction of novel technologies and ICT management strategies in the country, contribute to the leadership of the region on the global front. On the other hand, Asia Pacific is the fastest-progressing regional market for advanced electronic systems for the intelligence community. The pending threat of terrorism in the region and the rapid development of general administrative and defense infrastructure in countries such as China, Japan, and India significantly contribute to the swift growth of the region. Rapid upgrading of existing intelligence technologies to meet the growing need for homeland security from terrorist adversaries drives this market in the Asia Pacific. The overall market is highly competitive and is characterized by certain key players domiciled in the western hemisphere. The United States, China, and Israel are the key countries witnessing the concentration of major market players.
