ID: MRFR/A&D/4437-CR | January 2019 | Region: Global | 123 pages
The global software-defined radio market is expected to register a CAGR of 8.34% during the forecast period. 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. A software defined radio is a type of radio transmission system where transmission of data or information is carried out using the software on an embedded system or personal computer. The hardware components, such as filters, amplifiers, mixers, detectors, demodulators, and modulators, are replaced by embedded systems. In software defined radios, after the data from a source is changed into a digital format, the secondary activities involved in radio communications are done with the help of software-driven automated functions. A software defined radio is also capable of transmitting and receiving a range of frequencies.
North America is expected to be a prominent market for software defined radios due to the presence of major manufacturers, such as Elbit Systems, General Dynamics, Harris Corporation, Northrop Grumman Corporation, and Collins Aerospace. Europe is expected to be the second-largest market due to the increasing adoption of software defined radios by government agencies in the region. Moreover, Asia-Pacific held the third-largest share of the global software defined radio market in 2017. This is due to increasing defense expenditure in developing countries such as China and India.
Global Software Defined Radio Market, by Region, 2017
Source: MRFR analysis
Source: MRFR Analysis
The increase in military spending and focus on improving military communication systems are some of the key drivers for the growth of the global software defined radio market. North America accounted for 36.63% of the global software defined radio market in 2017, followed by Europe with a 27.14% market share.
The transmitter segment is expected to dominate the market.
Transmitters are used to generate and transmit electromagnetic waves carrying signals or messages. They also enable the broadcasting of large amounts of data over long distances by modulating the frequency. The transmitter segment accounted for the largest market share of 59.38% in 2017, with a market value of USD 10,428.6 million.
The key players in the global software defined radio market are BAE Systems (UK), Elbit Systems (US), General Dynamics (US), Harris Corporation (US), Leonardo (Italy), Northrop Grumman Corporation (US), Collins Aerospace (US), Rohde & Schwarz (Germany), Thales Group (France), and Viasat, Inc. (US).
Key questions addressed by the report
Frequently Asked Questions (FAQ) :
Global software defined radio market is projected to register a moderate 8.34% CAGR in the forecast period.
The massive demand for software defined radio due to advancements in technology and the development of digital electronics is the primary growth inducer of the market.
The transmitter segment is expected to observe substantial demand over the review period.
The airborne segment is expected to secure the highest CAGR.
The defense segment is slated to expand as the fastest-growing segment.
The North American region is slated to expand as the fastest-growing segment.
A few emminent market players operating in the global software defined radio market are BAE Systems (UK), Elbit Systems (US), Harris Corporation (US), General Dynamics (US), among others.