According to IMARC Group’s latest report, titled “Software Defined Radio Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global software defined radio market size reached US$ 19.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2027, exhibiting a growth rate (CAGR) of 8.3% during 2022-2027.
The software defined radio represents radio frequency communication systems that perform signal-processing tasks utilizing the software installed in a desktop computer. They can be categorized into various types, such as joint tactical radio system (JTRS), cognitive radio, general purpose radio, terrestrial trunked radio (TETRA), etc. These software defined radio devices operate through a transmitter, receiver, software application, and several other auxiliary systems. They perform the functions of amplifiers, mixers, filters, modulators or demodulators, and detectors and have a broad frequency range by default which can even be programmed to work at a specific frequency within the range. Software defined radio technologies offer improved flexibility, interoperability, and cost-effectiveness to the user. Consequently, they find extensive applications across numerous sectors, such as aerospace, telecommunication, defense, transportation, etc.
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The escalating need for military modernization for enhanced situational awareness is primarily driving the software defined radio market. Apart from this, the rising requirement for stable connections and higher data speeds and the growing adoption of SDR software with Network Function Virtualization (NFV) to enhance connectivity solutions are also positively influencing the global market. In addition to this, the introduction of next-generation internet protocol (IP) systems, which can be adjusted to wireless and 4G spectrums, is acting as another significant growth-inducing factor. Moreover, the shifting preferences toward digital SDR as the base technology for the delivery of telecommunication services, including digital TV, video streaming channels, radio broadcasts, etc., are further stimulating the market growth. Besides this, the growing integration of the internet of things (IoT) technology with wireless devices is expected to fuel the software defined radio market in the coming years.
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List of Key Companies Covered in this Market Report:
- Aselsan A.S.
- BAE Systems
- Elbit Systems Ltd.
- General Dynamics Corporation
- Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
- L3harris Technologies Inc.
- Leonardo S.p.A.
- Northrop Grumman Corporation
- Rohde & Schwarz GmbH & Co. KG
- Thales Group
- ZTE Corporation
The report has segmented the market on the basis of type, application, component, platform, frequency band and geography.
Breakup by Type:
- Cognitive Radio
- General Purpose Radio
- Terrestrial Trunked Radio (TETRA)
Breakup by Application:
- Aerospace and Defense
Breakup by Component:
- Auxiliary System
Breakup by Platform:
Breakup by Frequency Band:
- High Frequency
- Very High Frequency
- Ultra-High Frequency
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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