The future of the global stingray device market looks promising with opportunities in the government, and enterprise markets. The global stingray device market is expected to reach an estimated $0.4 billion by 2030 with a CAGR of 11% from 2024 to 2030. The major drivers for this market are growing need for security, growing adaption by law enforcement agencies for surveillance and tracking purpose, and rising cybersecurity threats.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the stingray device market by
type (IMSI catcher, GSM interceptors, CDMA interceptors, 4G/LTE interceptors,
and 5G interceptor), application (law enforcement and intelligence agencies,
military and defense, and private sector), end use industry (government,
enterprise, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key factors
affecting market dynamics? What are the key challenges and business risks in
this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, IMSI
catchers, GSM interceptors, CDMA interceptors, 4G/LTE interceptors, and 5G
interceptors are the major segments of stingray device market by type. Lucintel
forecasts that IMSI catchers is expected to witness highest growth over the
forecast period due to high speed tracking the phone location and intercept its
communication.Within this market, government will remain the largest segment
due to usage in variety of application, such as law enforcement, national
security, and surveillance.
APAC is expected to
witness highest growth over the forecast period due to rising in surveillannce
technology.
Harris, Septier
Communication, Digital Receiver Technology, Rohde & Schwarz, L3Harris, PKI
Electronic Intelligence, and Advanced Tactical Systems are the major suppliers
in the stingray device market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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