Signal Jammer Market has huge Growth Potential
The signal jammer is a device used to protect devices from receiving signals from base station. According to Coherent Market Insights analysis, around 2991.4 thousand units of personal and commercial drones will be sold by the end of 2017 up from 2152.2 thousand units in 2016. This increasing sales of drones, in turn, is projected to fuel the market growth of signal jammer globally. Moreover, the increasing use of unmanned aerial vehicles in restricted areas has become one of the key driving factors for the global signal jammer market.
In addition to this, the increasing R&D investment by various government bodies across the globe will bolster the market growth over the forecast period. For example: the Battelle Memorial Institute in the U.S has developed signal jammers that are designed for the unmanned aerial vehicles, which is currently being used for training purposes by the U.S. government. Moreover, increasing global R&D investment in aerospace & defense sector also boost the market growth of signal jammer globally. According to Coherent Market Insights analysis, the global R&D expenditure in aerospace & defense sector was US$ 30.4 billion in 2016 up from US$ 29.8 billion in 2015.
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Signal jammer Market Outlook – North America holds the largest market share
On the basis of geography, global signal jammer market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America held the dominant position in the global signal jammer market in 2016 and is projected to retain its dominance throughout the forecast period. Due to the presence of major venders such as Northrop Grumman Corporation, Raytheon, Harris Corporation, and Lockheed Martin, the region witnesses immense growth potential. In addition to this, the high R&D investment by the U.S. in aerospace & defense segment will also add to the signal jammer market growth. According to Coherent Market Insights analysis, the U.S spent US$ 14.3 billion in aerospace & defense R&D in 2016. The increasing R&D spending by the U.S. is projected to propel the signal jammer market growth as well.
Key Companies in the Global Signal Jammer Market
BAE Systems, Northrop Grumman Corporation, Raytheon, HSS Development, Harris Corporation, Israel Aerospace Industries, Lockheed Martin, MCTECH TECHNOLOGY, NDR Resource International, Stratign, and WolvesFleet Technology are some of the key companies in the global signal jammer market.
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