The global Stratistics MRC software-defined radio market is expected to reach USD 46.75 billion, growing at a CAGR of 10.2% during 2023-2030.
SDR stands for Software Defined Radio, which is a radio communication system in which components that were previously implemented in hardware are now implemented in software on a computer or embedded device. Software radios can greatly assist the military and mobile phone services, both of which must support a wide range of evolving radio protocols in real time. SDR enables the implementation of multiple communication standards on a single platform, enabling efficient and secure confidential communications
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The market in Asia Pacific is expected to rise steadily during the forecast period. The Asia-Pacific region has a large defense sector, with countries investing heavily in modernizing their defense capabilities. SDR technology is gaining popularity in defense applications due to its flexibility, interoperability, and reconfiguration capability. In addition, Asia Pacific has witnessed a significant increase in demand for wireless connectivity driven by the proliferation of smartphones, IoT devices and digital services. SDR technology supports efficient use of spectrum resources and allows wireless networks to adapt to changing demand and technology. This flexibility and scalability make SDR an attractive solution to meet the region’s growing connectivity requirements.
Some of the key players in the Software Defined Radio market include Analog Devices, INC., Barrett Communications PTY LTD., Bharat Electronics Limited, Bittium Corporation, Collins Aerospace Systems, Datasoft Corporation, Elbit Systems Ltd., Flexradio, Harris Corporation, Huawei Technologies Co . ., Ltd., Inntot Technologies PVT. LTD., L3 Technologies, Inc., National Instruments Corporation, Northrop Grumman Corporation., NXP Semiconductors NV, Pentek INC., Rafael Advanced Defense Systems LTD., Raytheon Company, Rohde & Schwarz, Saankhya Labs PVT. LTD., Stmicroelectronics NV, Thales Group, ULTRA, ViaSat and ZTE Corporation.
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