"Rising Need for Seamless & Interoperable Communication to Spur Demand for Software Defined Radios (SDR) Worldwide"
The global software defined radios market is poised to reach US$ 43.2 Bn by 2026, expanding at a CAGR of 9.2% during the forecast period from 2018 to 2026. With the advent of digital electronics and advances in communication technologies, software defined radios have evolved to meet demand for seamless and reliable communication. Imminent need for seamless and interoperable communication during mission critical operations identified as the major factor driving demand for software-defined radios globally. Besides offering standard two-way communication, software defined radios also operate as communication repeaters that allow different wireless devices to communicate with each other and offer secure and low latency point-to-point wireless links.
"Defense Segment to Dominate; Commercial Segment to Register Strong Growth"
Defense segment covering software-defined radios used for military and homeland security applications represents the largest value contributing end-use segment in the global software defined market. The value contribution of defense segment stood at around three-fourth of the global market value in 2017. This dominance largely credited to superior benefits offered by these radios over traditional communication devices in terms of size, weight, portability, and interoperable communication necessary for enhancing situational awareness on the battlefield. Militaries across the globe are spending substantial amount on state-of-the-art communication equipment including software-defined radios. On the other hand, demand for software-defined radios in commercial space is expected to witness an upsurge during the forecast period. The projected growth is expected to come from telecom sector since these radios are increasingly used at cellular base stations where standard upgrades and migration to next-generation technologies occur.
"North America to Dominate; Asia Pacific to Witness Strong Growth"
In terms of value contribution, North America was the largest software defined radios market worldwide in 2017. The value share of the region stood at 34.3% in the global software defined radios market for the same year. The dominance majorly credited to the regulated demand from the U.S. military. On-going investments by the U.S. Government in research curriculums that focus on developing next-generation radios capable of accommodating X-band frequencies is further supporting the market growth. Need for interoperable communication among homeland security agencies including fire department, police force, and emergency response teams is also expected to influence demand for software-defined radios in the region. On the other hand, countries in Asia Pacific including China, India, and South Korea are presumed to register strong growth during the forecast period. Consistent increase in defense expenditure and emphasis on strengthening command and control capabilities through procuring state-of-art communication systems will drive future prospects in the region.
"Naval-based and Space-based Platform slated to Yield Favorable Gains"
Based on platform, the global software defined radios market was dominated by the land-based category in 2017. The trend is expected to continue as demand for software defined radios across land-based platform will be aided by both fresh installations and continual upgrades of the existing communication infrastructure. Other variants including naval-based and space-based software defined radios are expected to witness strong growth during the forecast from 2018 to 2026. Increasing sea water disputes among several nations has compelled their navy’s to boost their sea-based intelligence portfolio, thereby assisting market demand in naval-based segment. Growing use of these radios in satellites and launch vehicles will drive demand for software defined radios across space-based platform.
Key Players & Competitive Landscape:
Some of the leading manufacturers profiled in the research study include BAE Systems Plc (UK), Harris Corporation (US), Northrop Grumman (US), Thales SA (France), Rockwell Collins (US), General Dynamics (US), ASELSAN (Turkey), Elbit Systems (Israel), Huawei (China), ZTE Corporation (China), and National Instruments (US).
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Software Defined Radios market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
