SAN FRANCISCO, August 6, 2021 / PRNewswire / – A new market study published by Global Industry Analysts Inc. (GIA), a leading market research firm, today released its report entitled “Software Defined Radio (SDR) – Global Market Path & Analytics “. The report presents new perspectives on opportunities and challenges in the significantly transformed market after COVID-19.
FACTS IN BRIEF Edition: 16; Published: May 2021. Executive Meeting: 8827Companies: 53 – Players covered include BAE Systems PLC; Bharat Electronics Limited; Collins Aerospace; Datasoft Corporation; Elbit Systems doo; Epiq Solutions, LLC; Ettus Research; FlexRadio Systems, Inc .; L3Harris Technologies, Inc .; Microtelecom Srl; Northrop Grumman Corporation; Rohde & amp; Schwarz GmbH & amp; Co KG; SDRplay; Signalscape, Inc .; Thales Defense & amp; Security, Inc .; ViaSat, Inc. and others. Coverage: All major countries and key segmentsSegments: Component (receiver, transmitter, other hardware, software, services); Application (Aviation and Defense, Telecommunications, Public Safety, Commercial, Other Applications) Geographies: World; NOW; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; The rest of Europe; Asia-Pacific; Australia; India; South Korea; The rest of Asia and the Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Israel; Saudi Arabia; The rest of the Middle East; Africa.
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The Global Software Defined Radio Market (SDR) will reach $ 23.3 billion by 2026
SDR is a type of sophisticated radio communication that relies on software on a personal computer or embedded systems rather than hardware components. Growth in the global market is driven by factors such as spending on military communications systems, the adoption of car radios, the proliferation of connected devices, and investment in wireless technology. The growing use of digital servers favors the adoption of SDRs globally, with commercial use, military and public safety being the main applications of these systems. Demand for SDRs has also been driven by their advanced functionality, ability to improve efficiency and reduce costs, continuous digitization and favorable regulations. SDRs are commonly used in space communication to improve satellite performance and accurately support multiple frequency bands. SDR architectures are expected to play an important role in providing specific telecommunications services including radio broadcasting, digital TV and video streaming. The commercial and technical sustainability of SDR technology is also fueled by new technologies such as smart antennas, software, networking, signal processing, semiconductors and batteries.
Amid the COVID-19 crisis, the global software-defined radio (SDR) market, estimated at $ 18.5 billion in 2020, is projected to reach a revised $ 23.3 billion by 2026, a growing CAGR of 4.4% during the analysis period. Receiver, one of the segments analyzed in the report, is projected to record a CAGR of 3.4% and reach $ 4.3 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused by it, growth in the transmitter segment is adjusting to a revised CAGR of 2.8% for the next 7-year period. The SDR receiver converts the complex signal handling required for communication transmitters and receivers into digital style. Transmitters are commonly used to produce and transmit electromagnetic waves intended to transmit messages and signals. These components enable the transmission of significant amounts of data over long distances via frequency modulation.
The U.S. market is estimated at $ 8.9 billion in 2021, while China is projected to reach $ 939.3 million by 2026.
The U.S. Software Radio (SDR) market is estimated at $ 8.9 billion in 2021. China, the world’s second largest economy, is projected to reach a projected market size of $ 939.3 million by 2026. CAGR of 6.5% during the analysis period. Other geographic markets worth noting are Japan and Canada, which are projected to grow by 3.6% and 4.4%, respectively, during the analysis period. Within Europe, Germany is projected to grow by approximately 4.3% CAGR. 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 leading players. The U.S. market is launched by the Joint Tactical Networking Center (JTNC) program, which is designed to offer technical support for wireless communications systems to the U.S. Department of Defense. The European market is expected to witness lucrative growth opportunities in the coming years due to the ongoing development of artificial intelligence for military operations and advances in cognitive radio. Growth in the Asia-Pacific region has been driven by growing defense spending in developing countries, including India and China.
The software segment will reach $ 9.3 billion by 2026
It is estimated that the software component will record significant growth due to the growing demand for commercial applications. In addition to defining functions and specifications, the software offers enhanced flexibility to balance network load and remove capacity bottlenecks to support packet-switched core transmission. Increasing use in a variety of applications such as GPS, remote radio monitoring, text messaging, data information, and voice access is expected to increase demand for advanced software. In the global software segment (components), the US, Canada, Japan, China and Europe will achieve a CAGR of 5.6% estimated for this segment. These regional markets with a total market size of $ 6.2 billion in 2020 will reach a projected size of $ 8.9 billion by the end of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is projected to reach $ 249.4 million by 2026, while Latin America will expand to 6.8% CAGR over the analysis period. More
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