Stingray Device Market size is expected to cross USD 7 Billion by the end of 2036, growing at a CAGR of 16% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of stingray device was USD 1 Billion. This growth of the stingray device market is poised to be dominated by the growing prevalence of crime such as robbery. For instance, in the case of America in 2022, there were over 44,085 handgun-related robberies in the US. Hence, the need for stingray devices is surging significantly.
Furthermore, the development of encryption technologies to safeguard data and communication presents a prospect for stingray device producers to devise inventive methods to surmount encryption obstacles. Hence, there has been growing research and development initiatives taking place in order to increase the efficacy of stingray devices which further aimed at enhancing interception capabilities and encryption countermeasures.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~16% |
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Base Year Market Size (2023) |
~ USD 1 Billion |
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Forecast Year Market Size (2036) |
~ USD 7 Billion |
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Regional Scope |
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Type (IMIS Catchers, GSM Interceptors, CDMA Interceptors, 4G/LTE Interceptors, 5G Interceptors)
The 5G interceptors segment in the stingray device market is expected to gather the highest revenue share of about 30% over the forecast period. The requirement for stingray devices with 5G interceptors increases with the rollout of 5G technology. Between the end of 2021 and the end of 2022, the number of 5G wireless connections worldwide climbed by over 75%, to a maximum of about 2 billion. However, the rapid adoption of 5G technology raises the possibility of cybersecurity breaches. Cyberattacks might grow more common as a result of the increasing number of computers and linked gadgets. In contrast to earlier technologies, 5G offers direct access to the cellular network, which raises the risk of a direct attack. Such security weaknesses may be exploited by attackers to launch complex attacks. Therefore, it is anticipated that as 5G implementation increases, so will the potential concerns. In order to track and intercept conversations across 5G networks, law enforcement, and intelligence agencies are striving to enhance their surveillance capabilities.
Application (Law Enforcement & Intelligence Agencies, Military & Defense, Private Sector)
The military & defense segment in the stingray device market is poised to generate the largest revenue share of about 50% over the forecast period. The need for enhanced signals intelligence (SIGINT) capabilities is what drives the market for Stingray devices in the military and defense sector. Stingrays may be used by military and intelligence agencies to track and intercept enemy communications, providing vital data for military operations and national security. Their deviousness and agility render them valuable resources in various situations involving disobedience. Furthermore, with the rise in terrorism activities the need for stingray devices is growing in military & defense segment. For instance, the most active terrorist group in 2021 was the Taliban, which mostly conducts operations in Afghanistan and was accountable for about 799 incidents. Almost 4,499 people died as a result of the attacks.
Our in-depth analysis of the global stingray device market includes the following segments:
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Type |
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Application |
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End-User |
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North American Market Forecast
The North America stingray device market is set to capture the highest revenue share of over 35% over the forecast period. The major factor influencing the stingray device market growth in this region is growing investment in military & defense. Over 876 billion dollars went toward the military in 2022, placing the United States at the top of the list of nations with the highest military spending. This accounted for around 39% of the approximately 3 trillion U.S. dollars spent on military expenditures globally that year. Additionally, the stingray device market in this region is seeing a rise in the need for lightweight, portable stingray devices. This is explained by the requirement for swift deployment in an emergency and portability when conducting surveillance missions. Additionally, the deployment of the internet of things (IoT) is also growing in this region which is also estimated to enhance the efficiency of stingray devices.
APAC Market Analysis
The stingray device market in Asia Pacific is also projected to have significant growth during the forecast period. The Asia Pacific region's need for stingray equipment is being driven by the growing need for improved surveillance and law enforcement technologies. Given the array of security challenges the region faces, including hacks and organized crime, law enforcement agencies and authorities are attempting to enhance their capacity to monitor and record mobile communications. Furthermore, this region also has a presence of various key players who are focused on advancing the features of this device which is further projected to influence the stingray device market growth.
Author Credits: Abhishek Verma, Hetal Singh
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