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  • Writer's pictureShubham k

Software Defined Radios Market Competition Situation, Outlook, Size, Trends, Manufacturers Analysis

The global software defined radios market size is prophesied to witness remarkable growth owing to the increasing expenditure on improving the defense communication system of various nations across the globe. Fortune Business Insights describes the market and its growth parameters in detail in their upcoming report titled, “Software Defined Radios Market Size, Share & Industry Analysis By Application (Defense, Commercial), By Component (Transmitter, Receiver, Software, Auxillary System), By Platform (Land, Airborne, Naval, Space), By Frequency Band (HF, VHF, UHF, Other Bands), By Type (Joint Tactical Radio System (JTRS), Cognitive/ Intelligent Radio, Terrestrial Trunked Radio (TETRA)) and Regional Forecast, 2021-2028.” The global Software Defined Radios market size was USD 12.45 billion in 2020. The market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period

What is the Objective of the Report?

The report offers a comprehensive overview of the market focusing on drivers, restraints, challenges, and upcoming opportunities. It throws light on the key industry developments, current trends, and other interesting insights into the market. The report further describes the table of segmentation in detail and lists the names of the leading segments with attributed factors. The report also throws light on the players operating in the market and the key strategies adopted by them to gain a competitive edge in the market.

List of Companies Profiled in the Report:

  • BAE Systems (The U.K.)

  • Aselsan (Turkey)

  • Elbit Systems (Israel)

  • General Dynamics (the U.S.)

  • Northrop Grumman (The U.S.)

  • Harris Corporation (The U.S.)

  • Rockwell Collins (The U.S.)

  • Thales Group (France)

  • Leonardo (Italy)

  • Rohde and Schwarz (Germany)

  • Others

Drivers & Restraints-

Rising Adoption by Residential and Industrial Sectors to Bolster Growth

The increasing adoption of SDR in the telecommunication sector and its technological advancements stand as the key factor boosting the global software-defined radio market growth. The introduction of cognitive radio (CR), and smart processing into SDRs, coupled with the rising expenditure on the military and defense sector by various governments will also aid in the expansion of the market. Additionally, the increasing adoption of software-defined radio across the industrial, residential, and commercial sectors will further augment the growth of the market in the coming years. Furthermore, the increasing demand for mission-critical communication will also augment growth.

On the contrary, high power consumption and interoperability of disparate communication technologies may cause hindrance to the market in the forecast period. Despite this, the growing use of wireless features, and the rising demand for next-generation IP systems are likely to create lucrative growth opportunities for the market in the coming years.

Segmentation-

Detailed Segmentation of the Software Defined Radios Market include:

The market for software-defined radios is segmented into application, component, platform, frequency band, type, and geography. Based on application, the market is bifurcated into commercial, and defense. With respect to components, the market is grouped into auxillary system, software, receiver, and transmitter. On the basis of platform, the market is segmented into space, naval, airborne, mobile, fixed, and land. The frequency segment is further categorized into UHF, VHF, HF, and other bands. In terms of type, the market is classified into terrestrial trunked radio (TETRA), cognitive or intelligent radio, and joint tactical radio system (JTRS).



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