Software-defined radio market size to grow by $12,894.6 million from 2022 to 2027; Increased Adoption of Advanced Analytics by SMBs as Cloud Computing Rises to Drive Market Growth – Technavio

Technavio has announced its latest market research report titled Global Software-Defined Radios Market 2023-2027

NEW YORK, June 1, 2023 /PRNewswire/ — The software-defined radio market the size is set to grow by USD 12,894.6 million from 2022 to 2027, progressing to a 8% CAGR during the forecast period. Discover the potential of the IT Consulting and other services industry and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View the sample report!

Technavio has announced its latest market research report titled Global Software-Defined Radios Market 2023-2027

Technavio has announced its latest market research report titled Global Software-Defined Radios Market 2023-2027

Software Defined Radios Market Covers Following Industries:

Seller landscape

The global Software Defined Radio market is highly competitive, with several players operating. Major players in the market include BAE Systems, Elbit Systems, Harris Corporation, L3Harris Technologies, Northrop Grumman Corporation and others. These players focus on product launches, partnerships, collaborations, and acquisitions to enhance their market presence and gain a competitive edge. The software defined radio market is fragmented and vendors are implementing organic and inorganic growth strategies to compete in the market.

Seller offers

  • Elbit Systems – The company offers software-defined radios called E LynX for advanced MANET ad hoc mobile networks, tactical IP radios, and adaptive bandwidths.

  • General Dynamics Corporation – The company offers software-defined radios called the Badger with a compact 2-channel software-defined radio that provides multi-layered information security of voice and data communications from the network core to the tactical edge.

  • Huawei Technologies Co. Ltd. – The company offers software-defined radios named as Huawei AirEngine 5760 51 with WiFi 6 802.11ax indoor Access Point AP, smart antenna technology, and 5G-enabled signals.

For vendor landscape highlights of the market with a comprehensive list of vendors and their offerings – View Example in Minutes

Key market segmentation

This Software Defined Radio market report extensively covers the market segmentation by Application (Defense, Homeland and Commercial Security), Type (Joint Tactical Radio System, Cognitive Radio, General Purpose Radio and Terrestrial Trunked Radio), and Geography (North America, EuropeAPAC, South AmericaAND Middle East AND Africa).

  • The growth of the market share by the defense segment will be significant to the overall growth of the market during the forecast period. The US Army implements its SDR technology in its 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 SDRs for naval communications systems to improve communication between ships. Furthermore, due to the widespread use of SDR in military communication systems, this segment will contribute significantly to the growth of the market during the forecast period due to the growing demand for SDR.

View the sample report in minutes of this report for additional highlights in the market segments.

Regional market prospects

North America it is estimated to represent 35% of market growth during the forecast period. The Joint Tactical Network Center (JTNC) program provides technical support for wireless communications systems to the United States Department of Defense. In addition, the US government will increase funding for next-generation wireless communications systems capable of processing X-band frequencies that can be reused to meet the needs of advanced technology and growing demand for US wireless devices in the coming years. . This will stimulate the demand for SDRs in this region. Therefore, such factors drive the growth of the regional market during the forecast period.

for more key highlights on the regional market share of most of the above-mentioned countries.- View sample report

Companies mentioned

  • 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

  • Rota India Ltd.

  • Thales group

  • Ultra Electronics Holdings Plc

  • Viasat Inc.

  • ZTE Corp.

Software Defined Radio Market: Market Dynamics

Drivers

  • The growing need for cost-effective solutions for smart connected devices is driving the growth of the software-defined radio (SDR) market in particular.

  • There is a need for cost-effective solutions, and SDR technology enables efficient use of spectrum and reduces the cost of implementing and maintaining communication networks.

  • Additionally, SDRs are modular and can be easily upgraded or reconfigured, helping to reduce total cost of ownership.

  • For example, SDRs are modular and can be easily upgraded or reconfigured, helping to reduce total cost of ownership.

  • Therefore, SDRs are modular and can be easily upgraded or reconfigured, helping to reduce total cost of ownership.

Challenges

  • The complexity of software-defined radio (SDR) technology in integrating with systems challenges the growth of the software-defined radio market.

  • SDR technology is extremely complex and requires specific skills and knowledge to develop and implement, making it difficult for new companies and governments to adopt this technology to market.

  • Also, antennas, amplifiers, or other add-ons are required for SDR to work effectively.

  • And this adds to the overall complexity of the wireless system and can make it difficult to manage and troubleshoot.

  • Therefore, the complexity of SDR technology will challenge the growth of the market during the forecast period.

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Market Scope of Software Defined Radios

Report coverage

Details

Reference year

2022

Historical period

2017-2021

Forecast period

2023-2027

Growth momentum and CAGR

Accelerate to 8% CAGR

Market growth 2023-2027

USD 12,894.6 million

Market structure

Fragmented

Year-over-year growth 2022-2023(%)

7.23

Regional analysis

North America, Europe, APAC, South America, the Middle East and Africa

Performing market contribution

North America at 35%

Key countries

United States, China, Japan, United Kingdom and France

Competitive landscape

Leading suppliers, market positioning of suppliers, competitive strategies and industry risks

Key companies profiled

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.

Market dynamics

Analysis of the main market, drivers and barriers to market growth, analysis of the fast and slow growing segments, analysis of the impact and recovery of the COVID-19 and future consumer dynamics, analysis of market conditions for the forecast period.

Customization expertise

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

1 Executive summary

2 Market landscape

3 Market sizing

4 Historical size of the market

5 Analysis of the five forces

6 Market segmentation by application

7 Market segmentation by type

8 Customer landscape

9 Geographical landscape

10 drivers, challenges and trends

11 Supplier overview

12 Vendor analysis

13 Appendix

Who we are
Technavio is a world-leading technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, covering 800 technologies, spanning 50 countries. Their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in the markets existing and potential and evaluate their competitive positions within evolving market scenarios.

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Global Software Defined Radio Market 2023-2027

Global Software Defined Radio Market 2023-2027

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