Software Defined Radio Market 2023-2028 Size, Share, Growth, Trends and Forecast

According to IMARC Group’s latest report titled “Software Defined Radio Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.,” The global software-defined radio market size reached US$ 21.0 billion in 2022. Looking ahead, IMARC Group expects the market to reach US$ 32.2 billion by 2028, demonstrating a CAGR of 8% during 2023 – 2028

Software-defined radio is a radio frequency communication system that performs signal processing tasks using software installed on a desktop computer. They can be categorized into various types such as Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunk Radio (TETRA) etc. These software-defined radio devices work through a transmitter, a receiver, a software application, and several other ancillary systems. They perform the functions of amplifiers, mixers, filters, modulators or demodulators, and detectors, and have a wide default frequency range that can even be programmed to operate at a specific frequency within the range. Software-defined radio technologies offer improved flexibility, interoperability and cost-effectiveness to the user. Hence, they find extensive applications in multiple sectors such as aerospace, telecommunications, defense, transportation, etc.

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Market trends

The escalating need for military modernization for improved situational awareness is primarily driving the software defined radio market. Apart from this, growing demands for stable connections and higher data rates and increasing adoption of SDR software with Network Functions Virtualization (NFV) to improve connectivity solutions are also positively impacting the global market. In addition to this, the introduction of next-generation Internet Protocol (IP) systems that can be tuned to wireless and 4G frequencies is acting as another important factor driving growth. Moreover, the changing preference for digital SDRs as the primary technology for delivering telecommunication services, including digital television, video streaming channels, radio broadcasting, etc., is further fueling the market growth. Additionally, the growing integration of Internet of Things (IoT) technology with wireless devices is expected to fuel the software-defined radio market in the coming years.

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List of key companies covered in this market report:

  • Aselsan AS
  • BAE Systems
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
  • L3harris Technologies Inc.
  • Leonardo SpA
  • Northrop Grumman Corporation
  • Rohde & Schwarz GmbH & Co. KG
  • Thales Group
  • ZTE Corporation

The report segments the market on the basis of type, application, component, platform, bandwidth, and geography.

Breakdown by type:

  • Cognitive radio
  • General purpose radio
  • Terrestrial Trunk Radio (TETRA)
  • others

Breakdown by Application:

  • Aerospace and Defense
  • Commercial
  • Telecommunications
  • others

Breakdown by component:

  • Transmitter
  • Receiver
  • Auxiliary system
  • Software

Breakdown by Platform:

Bandwidth Breakdown:

  • High frequency
  • Very high frequency
  • Ultra-high frequency
  • others

Breakdown by Geography:

  • North America (USA and Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia and others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
  • Latin America (Brazil, Mexico)
  • Middle East and Africa

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