Software-Defined Radios Market size to grow by USD 12.89 billion from 2022-2027, ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd. among Key Vendors - Technavio

Based on Application segment, the market share growth by the Defense Segment will be significant.

NEW YORK, Jan. 24, 2024 /PRNewswire/ -- The global software-defined radios market size is estimated to grow by USD 12.89 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8% during the forecast period. The key players include ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., General Dynamics Corp., Huawei Technologies Co. Ltd., Indra Sistemas SA, L3Harris Technologies Inc., Leonardo Spa, Mercury Systems Inc., Northrop Grumman Systems Corp., NXP Semiconductors NV, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rohde and Schwarz GmbH and Co. KG, Rolta India Ltd., Thales Group, Ultra Electronics Holdings Plc, Viasat Inc., and ZTE Corp. and others. These players focus on product launches, partnerships, collaborations, and acquisitions to enhance their market presence and gain a competitive advantage. The software-defined radios market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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Technavio has segmented the market based on Application (Defense, Homeland security, and Commercial), Type (Joint tactical radio system, Cognitive radio, General purpose radio, and Terrestrial trunked radio), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The defense segment will be significant during the forecast period. The United States Army has implemented its SDR technology in the Joint Tactical Radio System (JTRS). It is a program that allows different military units to communicate effectively in different environments. The US Navy also uses SDR for ship communication systems to improve communication between ships. Furthermore, owing to the widespread use of SDR in military communication systems, this segment will contribute significantly to the growth during the forecast period due to the increasing demand for SDR.
• North America is estimated to account for 35% of the growth during the forecast period.

The sample report provides information on market dynamics and gives data for Market Opportunity Transformation Growth & Capitalization

"Major driver includes the increasing need for cost-effective solutions", says a senior analyst of Technavio

• There is a need for cost-effective solutions and SDR technology that enables efficient use of spectrum and reduces the cost of deploying and maintaining communication networks.
• Moreover, SDRs are modular and can be easily upgraded or reconfigured, helping to reduce the total cost of ownership.
• For instance, SDRs are modular and can be easily upgraded or reconfigured, helping to reduce the total cost of ownership.

The rising adoption of advanced communication technologies is an emerging trend fueling the growth, whereas the complexity of software-defined radio (SDR) technology in integration with systems hampers the growth, says a senior analyst at Technavio.

Insights on Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Software-Defined Radios Market report?

• CAGR during the forecast period
• Detailed information on factors that will drive the growth between 2023 and 2027
• Precise estimation of the Software-Defined Radios Market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Software-Defined Radios Market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Software-Defined Radios vendors

Major Applications of SDR

The Software-Defined Radio (SDR) Market incorporates SDR hardware and software, emphasizing digital signal processing (DSP), frequency agility, RF spectrum analysis, and cognitive radio. It navigates wireless protocols with FPGA and ADC/DAC technologies, utilizing GNU Radio, modulation/demodulation techniques, and open-source SDR platforms. Applications span commercial and military communications, emergency response, amateur radio, and integration with 5G technology and IoT. The market explores cybersecurity, beamforming, antenna design, RF front-end, spectrum management, and satellite communication, and incorporates machine learning. It involves mobile network operators, SDR testing and measurement, adherence to standards and regulations, and observing evolving trends and forecasts.

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ToC

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Segmentation by Application

7 Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio