Software Defined Radio Market Research Report – Forecast to 2023

Global Software Defined Radio Market: Information by Component (Transmitter, Receiver, Software, Auxiliary System), Frequency Band (HF, VHF, UHF), Platform (Land, Airborne, Naval, Space), Application (Defense, Commercial) and Region - Forecast till 2023

ID: MRFR/A&D/4437-CR | January 2019 | Region: Global | 123 pages

Market Snapshot


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


GLOBAL SOFTWARE DEFINED RADIO MARKET, BY REGION, 2017,

Software Defined Radio Market, by Region, 2017 Source: MRFR analysis  


GLOBAL SOFTWARE DEFINED RADIO MARKET, 2018–2023 (USD MILLION) SOFTWARE DEFINED RADIO MARKET, 2018–2023 (USD MILLION)

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.


Synopsis


The global software defined radio market has been segmented based on component, frequency band, platform, application, and region. By component, the market has been classified as transmitter, receiver, software, and auxiliary system. On the basis of frequency band, the market has been categorized as HF, VHF, and UHF. The platform segments of the market are land, airborne, naval, and space. Based on application, the market has been classified as defense and commercial.


Regional Analysis


The global software defined radio market has been segmented, by region, into Asia-Pacific, North America, Europe, the Middle East, and Latin America. North America accounted for the largest market share in 2018. The region leads in global military expenditure and technological advancements, which has resulted in a high demand for software defined radios. Although Canada invests in the development of software defined radios, the regional market is primarily dependent on the US. It is estimated that the software defined radio market in North America would register a CAGR of 8.54% during the forecast period.


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.


Companies Covered


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 Developments



  • 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.


Market Segmentation


By Component: Transmitter, Receiver, Software, and Auxiliary System By Frequency Band: HF, VHF, and UHF By Platform: Land, Airborne, Naval, and Space By Application: Defense and Commercial By Region: North America, Europe, Asia-Pacific, the Middle East, and Latin America

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?



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 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.