Global Defined Software (SDR) 2022 Global Path and Analysis Market Report: The Age of All-Defined Software (SDx) has arrived! – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – “Software Defined Radio (SDR) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Software Defined Radio (SDR) market to reach $ 33.2 billion by 2026
The Global Defined Software (SDR) market is projected to reach $ 21.6 trillion by 2020, with a $ 33.2 billion revision by 2026, a CAGR growth of 7.2% over the analysis period.
Factors affecting global market growth include spending on military communications systems, the adoption of car radios, the proliferation of connected devices, and investments in wireless technology. The increasing use of digital servers is favoring the adoption of SDRs worldwide, with commercial, military and public security use being the main applications of these systems.
Demand for SDR is also driven by advanced functionality, improved efficiency and cost-cutting capabilities, continuous digitization, and favorable regulations. SDRs are commonly used in space communication to improve satellite performance and support multiple frequency bands. The SDR architecture is expected to play an important role in the provision of specific telecommunications services, including radio broadcasting, digital television and video streaming.
The commercial and technical viability of SDR technology is also driven by technologies such as smart antennas, software, networking, signal processing, semiconductors, and batteries.
Recipients, one of the segments analyzed in the report, are expected to grow at a CAGR of 5.9%, reaching US $ 5.9 million at the end of the analysis period. After an in-depth analysis of the business consequences of the pandemic and the resulting economic crisis, the growth of the Transmitter segment is adjusted to a revised CAGR of 6% over the next 7 years.
This segment currently accounts for 14.5% of the Software Defined Radio (SDR) market. The SDR receiver converts the complex signal management required for communication transmitters and receivers into digital style. Transmitters are typically used to produce and transmit electromagnetic waves to carry messages and signals. These components allow significant volumes of data to be spread over long distances through frequency modulation.
The US market is expected to reach $ 12.1 trillion in 2021, while China is projected to reach $ 1.3 trillion by 2026.
The US Software Defined Radio (SDR) market is expected to reach $ 12.1 billion by 2021. The country currently has a 52% share of the global market. China, the world’s second-largest economy, is projected to reach a market size of $ 1.3 billion by 2026, behind the CAGR of 9.3% in the analysis period.
Other notable geographic markets include Japan and Canada, which are forecast to grow by 5.6% and 6.8% each, respectively. In Europe, Germany is expected to grow at a CAGR of approximately 6.5%, with the rest of the European markets (as determined in the study) reaching $ 2.9 trillion by the end of the analysis period.
North America and Europe remain at the forefront of the global SDR market due to factors such as the level of military spending, technological advances and the presence of major players. The U.S. market is driven by the Joint Tactical Networking Center (JTNC) program to provide technical support to the U.S. Department of Defense’s wireless communications systems.
The European market is expected to have good growth opportunities in the coming years due to the ongoing developments related to AI and the advances made in the field of cognitive radio. Growth in the Asia-Pacific region is fueling rising defense spending in developing countries, including India and China.
By 2026, the software segment will reach $ 13 billion
The software component is expected to grow significantly due to the growing demand for commercial applications. In addition to defining features and specifications, the software provides greater flexibility to balance the network load and remove capacity loopholes to support packet-switched core backhaul.
The increasing use of various applications, such as GPS, remote radio monitoring, text messaging, data information, and voice access, is expected to increase the demand for advanced software. In the global software (component) segment, the US, Canada, Japan, China and Europe will drive an estimated CAGR of 8.3% for this segment.
These regional markets, which will combine a market size of $ 7.2 billion by 2020, will reach the projected size of $ 12.6 billion by the end of the analysis period. China will continue to be among the fastest growing in this set of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is projected to reach $ 330.8 million by 2026, with Latin America expanding its CAGR by 6.6% over the analysis period.
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