Software Defined Radio Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025.With theevolution in the ways and means by which people need to communicate such asdata communications, voice communications, video communications and broadcast messaging, among others, modifying radio devices easily and cost-effectively has become business critical. Software defined radio (SDR) technology brings the flexibility and cost efficiency to drive communication forward, with wide-reaching benefits realized by service provider through to end users.
Technological advancements in software defined radio, growing adoption of SDR in telecommunication and increase in military spending on tactical communication are some major factors driving the growth of software defined radio market. However, concerns about security, interoperability issues may hamper the growth SDR market growth. Furthermore, increase in demand for next-generation IP systems and increasing demand for SDR in homeland security, industrial and commercial applications are likely to create growth opportunities for software defined radio (SDR) market.
Software Defined Radio Market is segmented based on application, component, platform, frequency band and geography. On the basis of application, the software defined radio market is segmented into defense and commercial. On the basis of component, the software defined radio market is segmented into software, transmitter, receiver, and auxiliary system. On the basis of platform, the software defined radio market is segmented into land, airborne, naval, and space. On the basis of frequency band, the software defined radio market is segmented into VHF, UHF, HF, and other bands.
Software Defined Radio Market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
Major companies operating in the SDR market are Northrop Grumman, BAE Systems, Harris Corporation, Thales, General Dynamics, Rockwell Collins, Leonardo, ASELSAN and Elbit Systems,among others.
The key takeaways from the report
Scope of Software Defined Radio Market