The global market for software defined radio market to post 8.34% CAGR from 2017 to 2023 reports Market Research Future (MRFR).
The global software defined radio market is expected to witness substantial growth during the forecast period.
The concept of software defined radio is old, although, in the last few years, this market has witnessed significant growth due to advancements in technology and the development of digital electronics.
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Global Software Defined Radio Market: Competition Analysis
- BAE Systems (UK)
- General Dynamics (US)
- Leonardo (Italy)
- Collins Aerospace (US)
- Thales Group (France)
- Harris Corporation (US)
- Rohde & Schwarz (Germany)
- Northrop Grumman Corporation (US)
- Viasat Inc. (US)
- Elbit Systems (US)
These are among the leading companies mentioned in MRFR’s report.
Global Software Defined Radio Market: Segmental Analysis
MRFR’s report includes a comprehensive analysis of the market based on frequency band, component, application and platform.
On the basis of component, the Software Defined Radio Market has been segmented into receiver, auxiliary system, software and transmitter. The transmitter segmented hold the predominant share of the market. It is projected that the segmented will reach a valuation of USD 17,678.9 million by the year 2023 up from USD 11,344.3 million in 2018. Transmitter witnessing high installation for generating and transmitting electromagnetics signals. In addition, demand for high-performance transmitter in rising on account of increased need for large amount of data transfer. The receiver segment is projected to capture 5.29% CAGR during the assessment period.
On the basis of frequency band, the market has been segmented into UHF, VHF and HF. The HF segment accounts for the lion’s share of the market and is expected to retain it leading share. In 2018, the segment was valued at USD 12,407.9 Mn, this figure is expected to grow to over USD 18, 200 Mn by the year 2023. Preference for high-frequency software defined radio is primarily owing to it higher bandwidth and faster data transfer capacity. Meanwhile, the UHF segment is also anticipated to register a significant growth in the foreseeable future. The segment will register 9.13% CAGR during the review period.
On the basis of platform, key segment of the market include space, naval, airborne and land. The land segment is relatively more attractive. In 2018, the segment stood at a valuation of USD 9,764.9 Mn and is expected to grow to more than USD 15,200 million by the year 2023, reflecting a CAGR of 9.27%. land-based software defined radio is extremely popular as they facilitate two-way communication and multifunctionality. Such radio systems also enable different wireless devices to connect and communicate. The airborne segment is also anticipated to witness a sound growth during the assessment period.
On the basis of application, the market has been segmented into commercial and defense. The defense segmented is likely to post a health growth rate in the years to come. In 2018, the segment was valued at USD 14,858.8 million and estimated to surpass a valuation of USD 22,900 Mn by the year 2023. Factors such as rising defence spending globally and integration of advanced radio systems in military communication products are supporting the market growth. Meanwhile, the commercial segment is positioned to growth at a relatively higher rate in the coming years.
Global Software Defined Radio Market: Regional Analysis
North America is the most dominant market for software defined radio. The U.S. prowess in radio communication technology can be credited as the major force behind North America’s market dominance. Additionally, presence of leading market players such as General Dynamics, Northrop Grumman Corporation, Collins Aerospace, Harris Corporation, Elbit Systems among others put the region at a favourable position. Asia Pacific (APAC) is viewed as highly profitable market for software defined radio. Increased defense expenditure in countries such as India and China is a key market driver in the region.
- In September 2018, BAE Systems signed a contract with the US Navy to provide Data Link Solutions for the upgradation of radio systems.
- In August 2018, Harris Corporation introduced its new dual-mode TP3000 series radios, powered by Tait, that enhance safety and security and offer an affordable migration path from analog to digital.
- In December 2017, General Dynamics Mission Systems signed an indefinite-delivery, indefinite-quantity contract to provide high-frequency distribution amplifier group components, spare parts, and engineering services to support continued fielding and maintenance plans of the AN/USC-61 (C), a software defined radio system.
- In April 2016, Elbit Systems Ltd received a contract worth USD 20 million to supply tactical mobile radios to an unidentified Western European country.
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Key questions addressed by the report
- What was the historic market size (2017)?
- Which segmentation (Capability/Deployment/End User) is driving market growth?
- What will be the growth rate from 2018 to 2023?
- Who are the key players in this market?
- What are the strategies adopted by the key players?
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Software Defined Radio Market, by Component, 2017–2023 (Usd Million)
Table 4 Global Software Defined Radio Market, by Frequency Band, 2017–2023 (Usd Millio)
Table 5 Global Software Defined Radio Market, by Platform, 2017–2023 (Usd Million)
Table 6 Global Software Defined Radio Market, by Application, 2017–2023 (Usd Million)
Table 7 Global Software Defined Radio Market, by Region, 2017–2023 (Usd Million)
Table 8 North America: Software Defined Radio Market, by Country, 2017–2023 (Usd Million)
Table 9 North America: Software Defined Radio Market, by Component, 2017–2023 (Usd Million)
Table 10 North America: Software Defined Radio Market, by Frequency Band, 2017–2023 (Usd Million)
List of Figures
Figure 1 Global Software Defined Radio Market: Market Structure
Figure 2 Research Process of Mrfr
Figure 3 Top-down & Bottom-up Approaches
Figure 4 Dro Analysis of Global Software Defined Radio Market
Figure 5 Change in Military Spending of Top 10 Countries, 2007–2017
Figure 6 Number of Terrorism-related Incidents (1970–2017)
Figure 7 Drivers Impact Analysis: Global Software Defined Radio Market
Figure 8 Restraints Impact Analysis: Global Software Defined Radio Market
Figure 9 Supply Chain: Software Defined Radio Market
Figure 10 Porter’s Five Forces Analysis of the Global Software Defined Radio Market
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