Software Defined Radios Market Size to Worth USD 16.20

Pune, India, Dec. 06, 2023 (GLOBE NEWSWIRE) — The global software determined radio market size is expected to demonstrate significant growth to reach USD 16.20 billion by 2028. Fortune Business Insights™ in his report entitled Software Defined Radio Market, 2023-2028, mentions that the market was valued at USD 12.45 billion in 2020 and is expected to exhibit a CAGR of 5.3% between 2023 and 2028.

Growing demand for advanced communication systems in several military applications and increasing adoption of advanced communication solutions over conventional solutions will drive demand for the product in the foreseeable future.

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List of companies operating in the Software Defined Radio market:

  • BAE Systems PLC (UK)
  • Northrop Grumman Corporation (USA)
  • Raytheon Technologies Corporation (USA)
  • Elbit Systems Ltd. (Israel)
  • Thales Group SA (France)
  • L3Harris Technologies, Inc. (USA)
  • General Dynamics Corporation (USA)
  • Viasat, Inc. (USA)
  • Leonardo SpA (Italy)
  • Rohde & Schwarz GmbH & Co. KG (Germany)

Report Scope and Segmentation:

Report coverage Details
Forecast period 2023-2028
Forecast CAGR 5.3%
2028 Value Projection 16.20 billion US dollars
Market size in 2021 11.60 billion US dollars
Historical data 2017-2019
Number of pages 200
Report coverage Revenue forecast, company profiles, competitive landscape, growth factors and latest trends
Covered segments
  • By type
  • By component
  • By bandwidth
  • By platform
  • Through an app
Regions covered
  • North America
  • Europe
  • Asia and the Pacific
  • Latin America
  • Middle East and Africa
Software Defined Radio Market Growth Drivers Increasing adoption of SDR for military application to fuel market growth
The increasing adoption of modern communication systems over conventional systems to support growth

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Market Segmentation:

On the basis of type, the market is classified into general purpose radio, joint tactical radio system (JTRS), cognitive/intelligent radio, and terrestrial trunk radio (TETRA). On the basis of component, the market is segmented into hardware and software. Further, on the basis of frequency band, the market is categorized into MF/HF (Medium/High Frequency), VHF (Very High Frequency), UHF (Ultra High Frequency) and other bands. On the basis of platform, the market is segmented into air, naval, land and space. On the basis of application, the market is segmented into commercial and military and defense. Finally, on the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
Report Coverage:

The global market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will influence the growth. Furthermore, the report provides an insight into the regional analysis that covers various regions that contribute to the growth of the market. It includes the competitive landscape that includes the leading companies and strategies adopted by them to announce partnerships, introduce new products and collaborate, which will further contribute to the growth of the market between 2023 and 2028. Furthermore, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about current trends and industry developments that will drive market growth during the forecast period.

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Driving factors:
Increase product adoption in several military applications to drive growth

In February 2021, the Indian Army announced plans to focus on upgrading its military communications systems by purchasing VHF/UHF software-defined Manpack radios of the Make-II class. Like India, several countries are focusing on adopting advanced radio communication systems for tactical applications for their armies. In addition, the growing adoption of advanced modern radio communication systems in commercial and military applications is expected to increase product adoption. These advanced systems provide efficient transmission and reception of several modulation methods by adopting a common set of comprehensive hardware enhancement functionality through software modulation. Hence, such initiatives are expected to drive the growth of the global software-defined radio market during the forecast period.

Additional findings in the report:

  • North America is expected to hold the largest growth in the global market during the forecast period. This is due to high military spending and the rapid deployment of advanced communication technologies in countries such as the United States. North America stands at US$4.9 billion in 2020.
  • The Asia Pacific market is expected to experience exponential growth supported by high development of the telecommunication sector and supportive government space programs that will increase the demand for advanced software defined radio systems between 2023 and 2028.
  • Based on the platform, the terrestrial segment is expected to hold the largest market share in terms of revenue in the coming years. This is due to the increasing adoption of advanced software defined radio in several cellular base stations. Additionally, increasing installations of these systems on military vehicles is expected to drive segment growth during the forecast period.

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Detailed content:

  • Introduction
    • Scope of the study
    • Market segmentation
    • research methodology
    • Definitions and assumptions
  • Executive summary
  • Market dynamics
    • Market drivers
    • Market restrictions
    • Market opportunities
  • Key insights
    • Key industry developments – mergers, acquisitions and partnerships
    • Latest technological advances
    • Porters Five Forces Analysis
    • Supply chain analysis
  • Quantitative Insights – Impact of the COVID-19 Pandemic on the Software Defined Radio Market
    • Impact of COVID-19 on the Global Software Defined Radio Market
    • Steps taken by industry/companies/governments to address the impact
    • Key industry developments in response to the COVID-19 pandemic
    • Potential opportunities due to the outbreak of COVID-19
  • Global Software Radio Market Analysis, Insights and Forecast, 2017-2028.
    • Key Findings / Summary
    • Market Analysis, Insights & Forecasts – By Type
      • General purpose radio
      • Joint Tactical Radio System (JTRS)
      • Cognitive/intelligent radio
      • Terrestrial Trunk Radio (Tetra)
    • Market Analysis, Insights & Forecast – By Component
    • Market analysis, insights and forecasts – by frequency range
    • Market analysis, insights and forecasts – by platform
    • Market Analysis, Insights and Forecasts – By Application
      • Military and Defense
      • Commercial
    • Market analysis, insights and forecast – by region
      • North America
      • Europe
      • Asia and the Pacific
      • The rest of the world

TOC Continued…!


Product innovations from prominent companies to strengthen their market positions

The global market is experiencing significant competition from the players operating in the market. These players are focusing on developing advanced software defined radio systems to meet the growing demand from the defense and healthcare sectors globally. Moreover, the adoption of strategies such as M&A, collaboration and expansion of facilities by other companies to maintain their stronghold is expected to favor the growth of the market in the coming years.
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Industry Development:

  • May 2021 – Raytheon Technologies Corporation’s Raytheon Intelligence & Space business announced that it has received Type 1 certification for an X-Net SDR system from the National Security Agency in support of the Department of Defense.

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