Global Software Defined Radio (SDR) Market to Reach $23.3 Billion by 2026
SAN FRANCISCO, August 6, 2021 / PRNewswire / – A new market study published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report entitled “Software Defined Radio (SDR) – Global Market Trajectory & Analytics “. The report presents fresh perspectives on opportunities and challenges in the rapidly changing post-COVID-19 market.
Software Defined World Radio Market (SDR).
FACTS FOR: 16; Issued: May 2021Executive Network: 8827Company: 53 – Covered players include BAE Systems PLC; Bharat Electronics Limited; Collins Aerospace; Datasoft Corporation; Elbit Systems Ltd .; Epiq Solutions, LLC; Etus 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.Cover: All major geographies and main headings Divisions: Component (Receiver, Transmitter, Other Hardware, Software, Services); Application (Aerospace & Defense, Telecommunications, Public Safety, Commercial, Other Applications) Geography: Earth; United States of America; Canada; Japan; China; Europe; France; Germany; Italy; SAY; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; The rest of Latin America; Middle East; Israel; Saudi Arabia; The rest of the Middle East; Africa.
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Software Defined Global Radio (SDR) Market with $ 23.3 Billion Raised by 2026
SDRs are a type of sophisticated radio communication that relies on software on a personal computer or embedded systems rather than hardware components. Factors such as spending on military communications systems, the adoption of car radios, the proliferation of connected devices and investments in wireless technology are all influencing global market growth. The increasing use of digital servers favors the adoption of SDRs worldwide, with commercial, military and public security being the main functions of these systems. SDR demand is also driven by their advanced functionality, their ability to improve efficiency and reduce costs, ongoing digitization and favorable regulations. SDRs are commonly used in space communications to enhance satellite performance and to precisely support multiple frequency bands. SDR architectures are expected to play an important role in the provision of specialist telecommunications services including radio broadcasts, digital television and video streaming. Emerging technologies such as smart antennas, software, networking, signal processing, semiconductors, and batteries are also driving the commercial and technical viability of SDR technology.
Amid the COVID-19 crisis, the global market for Software Defined Radio (SDR) is projected to reach US $ 18.5 billion in 2020, a revised amount of US $ 23.3 billion by 2026, growing at a CAGR of 4.4% over 2020. analysis period. A receiver, one of the segments analyzed in the report, is projected to record a CAGR of 3.4% and reach US $ 4.3 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic downturn, the growth in the Transmitter segment is readjusted to a revised CAGR of 2.8% for the next 7 years. An SDR receiver converts complex signal handling required for transmitters and communications receivers into the digital style. Transmitters are commonly used to produce and transmit electromagnetic waves designed to carry message and signals. These components allow significant amounts of data to be transmitted over long distances through frequency modulation.
The US Market Is Estimated To Be $ 8.9 Billion In 2021, While China Predicts It Will Reach $ 939.3 Million By 2026
The US Defined Software Radio (SDR) market is projected to reach US $ 8.9 Billion in 2021. China, the world’s second largest economy, is projected to reach a projected market size of US $ 939.3 Million by 2026 forward. CAGR of 6.5% over the period of the analysis. Other notable geographic markets include Japan and Canada, all forecast to grow at 3.6% and 4.4% respectively over the analysis period. Within Europe, Germany is projected to grow at around 4.3% CAGR. North America and Europe continue to be at the forefront of the global SDR market due to factors such as military spending levels, technological advances and the presence of leading players. The U.S. market is driven by the Joint Tactical Networking Center (JTNC) program intended to offer technical support for wireless communications systems to the U.S. Department of Defense. The European market is expected to see profitable growth opportunities in the coming years due to the continued development of AI for military operations and advances in the field of cognitive radios. Growth in the Asia-Pacific region is being driven by increasing defense spending across developing countries, including India and China.
Software Segment to Reach $ 9.3 Billion by 2026
The software component is expected to register significant growth due to increasing demand from commercial applications. In addition to defining functions and specifications, the software offers enhanced flexibility for balancing network load and eliminating capacity bottlenecks to support core packet-transfer retransmission. Demand for advanced software is expected to increase due to increasing use in various applications such as GPS, radio remote monitoring, text messaging, data information, and voice access. In the Global Software (Component) segment, the US, Canada, Japan, China and Europe will drive the estimated 5.6% CAGR for this item. These regional markets with a combined market size of US $ 6.2 billion in 2020 will reach a projected volume of US $ 8.9 billion by the end of the analysis period. China will remain one of the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is estimated to reach US $ 249.4 Million by 2026, while Latin America will expand at a CAGR of 6.8% through the analysis period. More
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