Press release
Software Defined Radio Market to Generate $16,455.8 Million and Exhibit a CAGR of 4.4% from 2020 to 2027
Software Defined Radio Market
Research Dive in its latest published report estimates that the global software defined radio market will generate $16,455.8 million and exhibit a CAGR of 4.4% from 2020 to 2027.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/8396
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The demand for advanced military communication systems is rising with increasing military expenditure across the globe. In addition, several commercial sectors, such as cargo, transportation, oil & gas exploration, and others are increasingly adopting software that enables radio communications due to its advantages. These factors are predicted to boost the growth of the global market during the forecast period. However, the risk of security breach in SDRs is expected to hamper the market growth during the estimated timeframe.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐๐ง๐๐๐ฆ๐ข๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The COVID-19 pandemic adversely impacted the global software defined radio market during the pandemic. The decline in the growth rate of the market was majorly attributed to disruption in transportation and supply chain of products to prevent the spread of the coronavirus. Besides, various sectors, such as commercial aviation, shipping, and others had been affected due to the pandemic, resulting in reduction in utilization of software defined radios in these sectors. However, many leading companies of the market adopted strategies, such as partnerships and agreements to sustain their business during the crisis.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ:
The research report segments the global software defined radio market into frequency band, component, platform, end user, and region.
Based on frequency band, the high frequency sub-segment is expected to value for $7,785.5 million by 2027 and subjugate in the global industry throughout the forecast period. This is mainly due to increasing demand from naval forces for radio communication systems.
Based on component, the software sub-segment is projected to surpass $3,903.0 million and witness fastest growth during the forecast period. This growth can be majorly attributed to the rising demand of digitization in diverse industries, such as defense, telecommunications, banking, government, manufacturing, healthcare, and retail to perform specific operations.
Based on platform, the airborne sub-segment accounted for $3,298.2 million in 2019 and is predicted to observe a rapid growth by 2027. The rising demand from the commercial & defense aviation sector for SDR systems is expected to contribute to the sub-segment's market growth.
Based on end user, the commercial sub-segment is estimated to hold the largest share in the market grow at a CAGR of 3.8 % during the forecast timeframe. The rising utilization of communication systems in various industries, such as infrastructure, oil & gas, and others is driving the sub-segmental market growth.
Based on region, the North America market for software defined radio valued at $3,733.2 million and expected to hold a dominant position in the global industry by 2027. The presence of well-established defense industry and the countries with high military expenditure such as U.S. are factors projected to accelerate the regional market growth in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/8396
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The key players of the global software defined radio industry include Northrop Grumman, NXP Semiconductors, L3Harris Technologies, INC., Texas Instruments Incorporated, General Dynamics Corporation, Rohde & Schwarz, BAE Systems., Elbit Systems Ltd., Thales Group, and Leonardo S.p.A. These players are focusing on product launches, partnerships, and strategic collaborations to gain a competitive in the global market.
๐๐จ๐ง๐ญ๐๐๐ญ:
๐๐ซ. ๐๐๐ก๐ข๐ฌ๐ก๐๐ค ๐๐๐ฅ๐ข๐ฐ๐๐ฅ
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐
๐๐ ๐๐๐ฅ๐ฅ ๐๐ญ. ๐๐ญ๐ก ๐ ๐ฅ๐จ๐จ๐ซ, ๐๐๐ฐ ๐๐จ๐ซ๐ค ๐๐ ๐๐๐๐๐
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๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐: ๐-๐๐๐-๐๐๐-๐๐๐๐
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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