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2023 Software Defined Radio Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Elbit Systems Ltd., L3Harris Technologies Inc., BAE Systems plc, General Dynamics Corporation, Leonardo SpA
Software Defined Radio Market
Software Defined Radio Market Size, Growth Rate, And Forecast
The global software defined radio market size grew from $21.31 billion in 2022 to $23.37 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The software defined radio market size is expected to grow to $31.87 billion in 2027 at a CAGR of 8.1%.
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Software Defined Radio Market Drivers
The rising defense spending to upgrade defense communication systems is expected to propel the software-defined radio market. The defense sector provides soldiers with technological advantages that enable them to work tactfully in wartime by providing them with enhanced data transmission capability, voice clarity, and data transmission accuracy systems. These advanced communication systems aid in the protection of sensitive data throughout the defense sector.
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Software Defined Radio Market Segments
• By Type: Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunked Radio (TETRA), Other Types
• By Component: Hardware, Software, Service
• By Platform: Airborne, Naval, Land, Space
• By Frequency Band: High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Other Bands
• By End-Users: Aerospace And Defense, Telecommunication, Public Safety, Commercial, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Software Defined Radio market.
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Software Defined Radio Market Key Players
Major competitors in the Software Defined Radio market include Elbit Systems Ltd., L3Harris Technologies Inc., BAE Systems plc, General Dynamics Corporation, Leonardo SpA, Northrop Grumman Corporation, Thales Group, Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG
The Business Research Company's "Global Software Defined Radio Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Software Defined Radio Market Include:
1. Executive Summary
2. Software Defined Radio Market Characteristics
3. Software Defined Radio Market Trends And Strategies
4. Software Defined Radio Market - Macro Economic Scenario
5. Software Defined Radio Market Size And Growth
……….
27. Software Defined Radio Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Software Defined Radio Market
29. Software Defined Radio Market Future Outlook and Potential Analysis
30. Appendix
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