Software Defined Radios Market to Worth USD 16.20 Billion

Pune, India, May 10, 2023 (GLOBE NEWSWIRE) — The global software defined radio market The size is projected to witness a remarkable growth due to the increasing expenditure on improving the defense communication system of various nations across the world. The global software defined radio market size was USD 12.45 billion in 2020 and is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3 % in the period 2021-2028.

Fortune Business Insights describes the market and its growth parameters in detail in their upcoming report titled Software Defined Radio Market Forecast, 2021-2028.”

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The software defined radio (SDR) market is experiencing a period of rapid growth and innovation as the use of these devices expands across a wide range of applications. From military and defense to commercial and amateur radio, SDRs are revolutionizing the way we communicate and opening up new opportunities for innovation and advancement.

One of the key advantages of SDR technology is its ability to adapt and reconfigure to meet a wide range of communication needs. This flexibility makes SDRs ideal for use in military and defense applications, where they can be used to rapidly adapt to changing battlefield conditions and support a variety of mission-critical operations.

List of key players profiled in Software Defined Radio Market report:

  • BAE Systems (UK)
  • Aselsan (Turkey)
  • Elbit Systems (Israel)
  • General Dynamics (USA)
  • Northrop Grumman (USA)
  • Harris Corporation (USA)
  • Rockwell Collins (USA)
  • Thales Group (France)
  • Leonardo (Italy)
  • Rohde and Schwarz (Germany)
  • others

Report Scope and Segmentation:

Report Attributes Details
Forecast period 2021-2028
Forecast CAGR 5.3%
2028 Value Projection 11.60 billion US dollars
Market size in 2021 3.20 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 system compared to conventional systems to support growth

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The detailed segmentation of the Software Defined Radios market includes:

The Software Defined Radio market is segmented by application, component, platform, bandwidth, type, and geography. On the basis of application, the market is segmented into commercial and defense. In terms of components, the market is grouped into ancillary systems, software, receiver and transmitter. On the basis of platform, the market is segmented into space, naval, air, mobile, fixed and land. The frequency segment is further categorized into UHF, VHF, HF and other bands. In terms of type, the market is classified into Terrestrial Trunk Radio (TETRA), Cognitive or Intelligent Radio, and Joint Tactical Radio System (JTRS).
Impact of COVID-19:

The current situation of the COVID-19 pandemic has left the entire world in a state of panic. The rising cases of coronavirus and the lack of proper health services to help their needs have put the health sector in a major crisis. Governments of various economies imposed lockdown for a short period to control the situation. As a result, most businesses are temporarily closed, while some are trying to make ends meet by working from home.

Report Coverage:

The report suggests:

  • Key growth drivers, restraints, opportunities and potential challenges to the market.
  • A comprehensive view of regional developments.
  • List of major players in the industry.
  • Key strategies adopted by market participants.
  • The latest developments in the industry include product launches, partnerships, mergers and acquisitions.

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Guides and Limiters-

Increasing adoption by residential and industrial sectors to promote growth

The growing adoption of SDR in the telecommunications sector and its technological advancement 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 coupled with increasing spending on the military and defense sector by various governments will also help expand the market. Moreover, the increasing adoption of software defined radio in the industrial, residential and commercial sectors will further boost the market growth in the coming years. Additionally, increasing demand for mission-critical communication will also drive growth.

On the contrary, high power consumption and interoperability of various communication technologies may cause a hindrance in the market during the forecast period. However, increasing use of wireless features and growing demand for next-generation IP systems are likely to create lucrative market growth opportunities in the coming years.

Regional Analysis-

The Asia-Pacific region will become dominant due to the growing demand for advanced military equipment

On the basis of geographical segmentation, the largest software defined radio market share is generated by the Asia Pacific region due to the increasing demand for advanced technologies and new product development. This coupled with the growing demand for advanced military equipment will help this region continue to dominate the market during the forecast period. On the other hand, the North American market is expected to generate significant revenue due to the growth of the telecommunication industry and increasing adoption of advanced technology products. Moreover, 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 UK.

The competitive environment-

Collaborative strategies are a growing trend among large companies

Players operating in the Software Defined Radio market engage in collaborative strategies such as mergers and acquisitions, contracts and agreements, and others to gain competitive advantage in the market. Other players focus on contracting with the governments of various nations to provide services to the military and defense sectors. This will also help the players to earn significant income and make their mark in the competition.

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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…!

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Industry Development:

April 2016 – A $12.7 billion contract has been awarded to Rockwell Collins by the US Army to supply software-defined radios for military communications under the Handheld, Manpack and Small Form Factor (HMS) program.

October 2017 – A $131.9 million contract has been awarded to Thales by the Royal Navy (UK) to maintain the communications systems installed on HMS Queen Elizabeth Class over a period of 7 years.

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