Press release
Software Defined Radio Market Worldwide Analysis on Revenue, Segmentation and Key Players
The report "Software Defined Radio Market by Platform (Land, Airborne, Naval, Space), Application (Defense, Commercial), Type (General Purpose Radios, Cognitive/Intelligent Radio, Terrestrial Trunked Radio), Frequency Band, Component and Region Global Forecast 2025" The software defined radio market size is projected to grow from USD 11.4 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 4.9% from 2020 to 2025. Vital factors likely to drive the growth of the software defined radio market are rising adoption of SDRs in telecommunications and numerous technological developments in software defined radios. The increasing demand for software defined radios in advanced communication systems utilized for important missions in the aerospace sector will escalate the market growth.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138946173
The demand for software defined radios, especially in the commercial applications, such as telecommunication, transportation, and commercial aviation, has been affected to a great extent. Due to precautionary measures undertaken by many countries to stop the spread of COVID-19, several public/private development activities have been stopped, resulting in a drop in demand for software defined radios. However, this trend seems to vary from country to country. For instance, the demand for software defined radios in Europe and the Asia Pacific has been affected by the pandemic owing to the stoppage of development activities.
Based on platform, the land segment of the software defined radio market is projected to witness the highest market share during the forecast period
In terms of platform, the software defined radio market is segregated into land, airborne, naval and space. The land segment is projected to grow at the highest CAGR during the forecast period. The land platform segment covers the use of software-defined radios in military and commercial applications. The land segment includes fixed unit installation and mobile unit installation. The rising requirement of SDRs used in military vehicles and cellular stations is expected to support the growth of land segment in the upcoming years. One of the military software defined radios for land platform was developed from the Joint Tactical Radio System (JTRS) program in the US.
Based on component, software segment is projected to witness the highest CAGR owing to increasing focus on defence equipment upgradation across the globe
Based on component, the software defined radio market has been segmented into general purpose processor, digital signal processor, field programmable gate array, application-specific integrated circuit (ASIC), amplifier, convertor, software, and others. The software segment is expected to grow at a higher CAGR owing to the rising implemtation of software to increase compatibility of software defined radio systems with new communication standards. Software defined radios have the advantage of upgradability, thus reducing their replacement costs. They can be easily upgraded to support new communication standards, by downloading new system files using the software in their operating systems. The upgrades make software defined radios adaptable to new communication standards and military waveforms.
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The North America market is projected to contribute the largest share from 2020 to 2025 in the software defined radio market
North America is estimated to account for the major share of the software defined radio market in 2020. The market in this region is projected to register highest CAGR during the forecast period. The US and Canada are considered for estimating the market size of the North American region. North American companies are investing in various software defined radio systems to provide secure communication to different armed forces. Software defined radio systems provide ease of data sharing between different armed forces and better operational planning & execution in a network-centric warfare environment.
The software defined radio market is dominated by a few globally established players such as Thales (France), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US), General Dynamics Corporation (US), Raytheon Technologies Corporation (US), L3Harris Technologies, Inc (US), and BAE Systems (US). among others.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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