Software Defined Radio Market Size to Reach USD 16.20
Pune, India, November 24, 2021 (GLOBE NEWSWIRE) – The World software defined radio market is expected to grow from $ 11.60 billion in 2021 to $ 16.20 billion in 2028 with a CAGR of 5.3% over the period 2021-2028. The global market is $ 12.45 billion in 2020, global software-defined radio is projected to witness remarkable growth due to the rising costs of improving the defense defense system of various nations around the world. Governments in various economies have imposed short-term blockades to control the situation.
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What is the purpose of the report?
The report offers a comprehensive overview of the software-defined radio market, focusing on drivers, limiters, challenges and upcoming opportunities. It sheds light on key industry developments, current trends and other interesting market insights. The report further describes the segmentation table in detail and lists the names of the leading segments with attributed factors. The report also sheds light on the players operating in the market and the key strategies they have adopted to gain a competitive advantage in the market.
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List of companies profiled in the report on the software-defined radio market –
- BAE Systems (United Kingdom)
- Aselsan (Turkey)
- Elbit Systems (Israel)
- General Dynamics (USA)
- Northrop Gruman (USA)
- Harris Corporation (USA)
- Rockwell Collins (USA)
- Thales Group (France)
- Leonardo (Italy)
- Rode and Schwartz (Germany)
Growing acceptance by the residential and industrial sectors to promote growth
The growing adoption of SDR in the telecommunications sector and its technological advances is a key factor driving the growth of the global software-defined radio market. The introduction of cognitive radio (CR) and intelligent processing in SDRs, together with rising costs for the military and defense sectors by various governments, will also help expand the market. In addition, the growing adoption of software-defined radio in the industrial, residential and commercial sectors will further increase the growth of the software-defined radio market in the coming years. In addition, the growing demand for mission-critical communication will also increase growth.
The Asia-Pacific region will become dominant due to the growing demand for modern military equipment
Based on geographic segmentation, the largest software-defined market share of radio is generated by the Asia-Pacific region due to the growing demand for modern technologies and new product development. This, combined with the growing demand for modern military equipment, will help this region to continue to dominate the market during the forecast period.
North America to generate significant revenue due to the expansion of the telecommunications industry and the growing adoption of modern technology products. In addition, the European market will also gain momentum in the coming years, due to the presence of major players such as Thales Group, BAE Systems, Leonardo and others in Italy, France and the United Kingdom.
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Collaborative strategies are a growing trend among large companies
Players operating in the software-defined radio market participate in joint strategies such as mergers and acquisitions, contracts and agreements, and others, in order to gain a competitive advantage in the market. Other players are focusing on contracting with governments of different nations to provide services to the military and defense sectors. This will also help players earn significant revenue and leave their mark on the competition.
- Scope of the study
- Market segmentation
- research methodology
- Definitions and assumptions
- Market dynamics
- Market drivers
- Market restrictions
- Market opportunities
- Key Findings / Summary
- Market analysis, insights and forecasts – by type
- General purpose radio
- Joint Tactical Radio System (JTRS)
- Cognitive / intelligent radio
- Terrestrial Trunk Radio (Tetra)
- Market analysis, insights and forecasts – by components
- Market analysis, insights and forecasts – by platform
- Market analysis, insights and forecasts – by application
- Military and defense
TOC Continued …!
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