Software Radio Market Defined to Reach $ 16.20 Billion by 2028; Supported by the expansion of advanced technologies such as IoT, says Fortune Business Insights

sKey companies profiled in the software defined radio market are BAE Systems PLC (The U.K.), Northrop Grumman Corporation (The U.S.), Raytheon Technologies Corporation (The U.S.), Elbit Systems Ltd. (Israel), Thales Group S.A. (France), L3Harris Technologies, Inc. (The U.S.), General Dynamics Corporation (The U.S.), Viasat, Inc. (The U.S.), Leonardo S.p.A. (Italy), Rohde & Schwarz GmbH & Co. KG (Germany) and more players profiled

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July 29, 2021 09:00 ET & # xD; See the article : Low-cost demo links public safety radios to broadband wireless network.

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Pune, India, July 29, 2021 (GLOBE NEWSWIRE) – The global software defined by the radio market size is expected to show significant growth of USD 16.20 billion by 2028 while showing a CAGR of 5.3%. between 2021 and 2028. This information was published by Fortune Business Insights in its report entitled Software Defined Radio Market size, Share & amp; Impact Analysis COVID-19, Type (General Purpose Radio, Joint Strategic Radio System (JTRS), Cognitive Radio, and Terrestrial Radio (TETRA), Partial (Hardware and Software), By Frequency Band (MF / HF), VHF, UHF, and other bands), By Platform (Air, Sea, Land, and Land), Application (Military & Defense, and Trade), and State Forecast, 2021 – 2028. “

The report added that the market is set at USD 12.45 billion by 2020. Factors such as the growing demand for advanced technologies such as Cloud, IoT, and 5G and the increase in military spending will boost product demand in the coming years. According to the Stockholm International Peace Research Institute (SIPRI), global military spending is estimated at $ 1981 billion by 2020, a gradual increase of 2.6% over 2019.

The global spread, COVID-19, has resulted in many economies facing unprecedented losses. Due to restrictions announced by government agencies around the world, several production facilities have been suspended due to limited operations. However, joint efforts by the government and industry to restore the economy are expected to boost market growth during the forecast period.

Get an Example of the PDF Booklet (includes COVID-19 Impact Analysis):

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/software-defined-radios-market-102524

Market report provides in-depth analysis of a number of factors such as key drivers and controls that will affect growth. In addition, the report provides insights into regional analysis covering different regions, which contributes to market growth. It includes a competitive landscape involving leading companies and adopting strategies for them to introduce new products, announce partnerships, and collaborations that will contribute to market growth in the coming years. In addition, the research analyst took several research methods to obtain information on current trends and industry developments that will drive market growth between 2021 and 2028.

Increasing the Focus on Adopting Modern Technology to Promote Market Growth

The rapidly evolving technology environment has led to the high demand for advanced communication methods such as intelligent radios. These systems can provide a variety of functions and can be customized for multiple applications where product weight and size are a concern. The inclusion of modern technologies such as the Internet of Things (IoT), 5G, Cloud, and others has aroused the need for effective communication methods worldwide. These technologies provide data sharing and real-time configuration. In addition, they help to reduce operating costs and improve the process weight. Therefore, the growing demand for modern technology will prefer the growth of the radio market defined by global software during the forecast period.

North America – The region stood at USD 4.9 billion by 2020 and is expected to hold the top position in the market during the forecast period. This is due to the presence of established players such as Northrop Grumman Corporation, L3Harris Technologies, Inc., and others in the region.

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