Software Defined Radio Market: Share, Growth By Top Company, Region, Applications, Drivers, Trends and Forecast: 2022-2031
Japan, Japan, Tue, March 29, 2022 00:56:40 / Comserve Inc. / – The software-defined radio market is expected to show a growth rate of over 6% during the forecast period.
IN software defined radio market is expected to show a growth rate of over 6% over the forecast period.
– The common platform architecture of software-defined radio stations (SDR) drastically reduces development costs and simplifies the process of developing new products. Due to these advantages, the adoption of SDRs in commercial and military platforms is expected to increase during the forecast period.
– Growing investment in C4ISR, battle management systems and improving the situational awareness of the armed forces, fueled by rising defense spending by large economies, is expected to stimulate growth in the SDR market.
– The SDR market is highly fragmented with many international and regional players supporting various market stakeholders.
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Key market trends
The defense segment is expected to have the highest growth rate during the forecast period
With the growing military spending of various armed forces around the world, huge investments are being made in developing effective combat communication systems (network-centered warfare) to support military personnel. Advantages such as simple design and ease of use help seamlessly stream real-time information, create a high-speed battle network and interact with superiority. Such factors largely lead to the purchase of software-defined radio stations in the military sector. In January 2020, Ultra Electronics TCS received a second purchase order for the supply of ORION radio systems for the US Army. This $ 29.8 million contract is part of the $ 500 million Indefinite Award / Indefinite Quantity (IDIQ) contract awarded to the company in 2019 on the US Army’s TRILOS radio program. Similarly, in May 2020, Aselsan delivered more than 1,300 SDRs to the Turkish Armed Forces to meet e-war requirements on land, sea and air platforms. Such investments in the development and purchase of SDRs in the military sector are expected to accelerate the segment’s growth over the forecast period.
Asia-Pacific will show the highest growth rate in the forecast period
Countries such as China, India, Japan and South Korea, among others, are major military spending in the Asia-Pacific region and are increasing their investment in C4ISR systems due to factors such as the rise of terrorism, trade in illegal goods, border conflicts and more. In this regard, various countries are acquiring new and improved tactical radio solutions to improve the situational awareness of their armed forces. For example, in August 2019, the Defense Acquisition Council (DAC) of India approved the acquisition of SDR technology to meet the tactical communication requirements of the Indian Armed Forces. The local SDR was developed by the Defense Research and Development Organization (DRDO) in collaboration with Bharat Electronics Limited (BEL). Similarly, growth in the telecommunications and networking sectors in the Asia-Pacific region, especially in China and India, is expected to stimulate growth in the SDR market over the forecast period.
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The competitive environment
The software-defined radio market is highly fragmented with many players supporting commercial and military applications. Some of the prominent players in the market are Elbit Systems Ltd., Thales Group, Intel Corporation, Rafael Advanced Defense Systems Ltd. and L3Harris Technologies, Inc. The market is witnessing huge investments and technological improvements due to the future potential of software based on communications and technologies for sharing large amounts of data in industries such as telecommunications, defense, aviation and others. The sales of large companies are driven by technological innovations of SDR systems and its components such as receiver, antenna and others. For example, in April 2019, BAE Systems introduced the new common software-defined radio module for highly reliable commercial and space applications (of the Ministry of Defense). The development of such SDRs is expected to help companies strengthen their presence in different geographical regions in the near future.
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