Software Defined Radio industry Size is expected to reach USD 23.72 Billion by 2030, registering a CAGR of 10% during 2022-2030
A software defined radio is a type of radio transmission system where the transmission of data or information is carried out using the software on an embedded system or personal computer.
BAE Systems (US), L3Harris Technologies Inc (US), Northrop Grumman Corporation (US), Thales (France), Elbit Systems Ltd. (Israel), General Dynamics Corporation (US), Raytheon Technologies Corporation (US), Leonardo Company
The component, frequency band, platform, and application subsectors of the worldwide Software Defined Radio market have all been identified.
The global software defined radio market has been segmented into transmitter, receiver, software, and auxiliary system based on component. With a market valuation of USD 11,344.3 million in 2018 and an expected increase to USD 17,678.9 million by 2023, the transmitter segment is anticipated to dominate the market. The use of transmitters to create and transmit electromagnetic waves carrying signals or messages is responsible for this growth. By modulating the frequency, they also make it possible to broadcast substantial amounts of data over long distances. During the forecast period, the receiver segment is anticipated to experience a CAGR of 5.29%.
By frequency band, the Software Defined Radio market has been divided into three categories: HF, VHF, and UHF. With a value of USD 12,407.9 million in 2018 and a predicted increase to USD 18,232.5 million by 2023, the HF category is anticipated to be the largest. Higher bandwidth and simpler data transfer are offered by high-frequency software defined radios. They also provide better signal quality. During the forecast period, the UHF segment is anticipated to experience the highest CAGR of 9.13%.
Platform-based divisions of the worldwide Software Defined Radio market include land, airborne, naval, and space. With a value of USD 9,764.9 million in 2018 and USD 15,213.2 million by 2023, the land segment is anticipated to lead with a CAGR of 9.27%. Software defined Radios allow different wireless devices to communicate with one another by providing features like two-way communication and multifunctionality. Armed forces or land forces can transfer data and communicate securely thanks to these features. During the forecast period, the airborne segment is anticipated to experience a CAGR of 7.94%.
The global Software Defined Radio industry has been studied for five key regions—North America, Europe, Asia-Pacific, the Middle East, and Latin America.
North America is anticipated to command the market, valued at USD 6,944.7 million in 2018, and growing at a CAGR of 8.54% from 2018 to 2023 to reach USD 10,460.6 million. The US Department of Defense's significant investments in cutting-edge military hardware are responsible for this growth.
With a market value of USD 5,068.7 million in 2018, Europe is anticipated to be the second-largest market, and by 2023, the region's market is likely to have grown by 6.91% CAGR to reach USD 7,079.7 million. The expansion of the European market is being fueled by the government agencies' increased embrace of software defined radios.
In March 2018, Harris Corporation introduced its new AN/PRC-163, a lightweight, two-channel, software defined radio capable of simultaneous voice and data transmission for the US Department of Defense.
In April 2018, Collins Aerospace selected Nutaq's PicoSDR 2×2 as a development and prototyping platform for its software defined radio research.
In July 2017, Rohde & Schwarz signed a contract with the German Federal Ministry of Defense to equip German armed forces command vehicles with the SVFuA joint radio system.
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