The Software Defined Radio Global Market Report 2023 by The Business Research Company, provides software defined radio market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Software Defined Radio Global Market Report 2023, the market size will grow 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 market size of the software defined radio is expected to grow to $31.87 billion in 2027 at a CAGR of 8.1%.
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. Furthermore, as cross-border disputes and terrorism become more prevalent, investments in defense communication are increasing. These factors would likely increase the use of advanced communication systems for greater security and safety.
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The software defined radio market is segmented:
1) By Type: Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunked Radio (TETRA), Other Types
2) By Component: Hardware, Software, Service
3) By Platform: Airborne, Naval, Land, Space
4) By Frequency Band: High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Other Bands
5) By End-Users: Aerospace And Defense, Telecommunication, Public Safety, Commercial, Other End-Users
Technological development is a key trend gaining popularity in the software-defined radio market. Software-defined radio technology has advanced significantly. The market has witnessed hardware advancements that have reduced costs while increasing performance. These technologies offer significant advantages over traditional radio designs based on hardware. These radios are used in various applications that use software-defined radio processing. Major companies operating in the software-defined radio market are creating innovative technologies to provide hassle communications. For instance, In September 2021, Domo Tactical Communications, a US-based communications equipment company, launched a 2x1W software-defined radio and WUI. This SDR2x1W-P is intended to meet the needs of unmanned platforms by offering a higher-longer range, encrypted links for the reliable transfer of video, audio, data, and general IP network traffic in real-time environments.
The software defined radio market report table of contents includes:
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
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26. Africa Software Defined Radio Market
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
Top Major Players:
- Elbit Systems Ltd
- L3Harris Technologies Inc
- BAE Systems plc
- General Dynamics Corporation
- Leonardo SpA
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