Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Several market factors contribute to the dynamics of the Software Defined Radio (SDR) market, reflecting the industry's response to technological advancements, regulatory influences, and the diverse demands of end-users. Technological innovation stands out as a primary factor, with continuous advancements in digital signal processing, radio frequency (RF) hardware, and software algorithms enhancing the capabilities of SDR solutions. The ability of SDR to adapt to evolving technologies and standards, such as the transition to 5G and beyond, positions it as a key player in meeting the changing requirements of communication systems.
Buckle up for a software revolution in radio! The software-defined radio (SDR) market, valued at USD 23.72 billion in 2021, is set to blast off at a 10% CAGR by 2030, fueled by a wave of telecom tech advancements. These versatile radios, able to adapt to any frequency on the fly, are already powering vital communication systems for space missions and aerospace ventures, and their impact is set to ripple across industries. So tune in to a future where software tunes the radio, propelling this market to a projected USD 54.3 billion by 2032 – it's time to get signal-locked on the possibilities! Interoperability is a critical market factor shaping the adoption of SDR technologies. With the proliferation of diverse communication standards and protocols, there is a growing need for systems that can seamlessly operate across different frequencies and networks. The flexibility of SDR to accommodate various standards and its ability to promote interoperability make it an attractive solution, especially in applications where cross-platform communication is essential, such as public safety, emergency response, and military operations.
The defense and military sector represents a significant market factor for SDR, driven by the need for agile and adaptable communication systems. The programmable nature of SDR allows military forces to reconfigure communication protocols quickly, respond to dynamic threats, and maintain secure and resilient communication in diverse operational environments. Security considerations, including the ability to implement advanced encryption and secure communication, make SDR a preferred choice for defense applications.
Global demand for advanced wireless communication technologies is a driving factor in the SDR market. As the world embraces the era of 5G and looks ahead to future generations of wireless networks, the need for communication systems that can support higher data rates, lower latency, and improved reliability is paramount. SDR's adaptability to different communication standards positions it as a critical enabler for the evolution of wireless networks, meeting the demands of an increasingly connected world.
Cost-effectiveness is another influential market factor in the adoption of SDR solutions. Traditional radio communication systems often required dedicated hardware for each specific standard, leading to increased costs and complexity. SDR's software-based approach allows for the reuse of existing hardware, reducing the need for frequent hardware upgrades and offering a more cost-effective solution. This factor appeals to industries and organizations seeking efficient ways to upgrade and modernize their communication infrastructure without incurring substantial costs.
Regulatory frameworks and standardization efforts play a crucial role in shaping the SDR market. Adherence to national and international regulations, as well as the establishment of common standards for SDR technologies, contributes to market growth. Standardization fosters interoperability, eases integration challenges, and accelerates the adoption of SDR across different applications and industries. Industry collaboration in defining and adhering to standards is instrumental in shaping the market factors of SDR.
The trend towards software-driven and virtualized network architectures is influencing the SDR market. Telecommunications providers and network operators are increasingly adopting software-centric approaches to manage and control their communication infrastructures. SDR's inherent adaptability to software-defined networking principles positions it as a key technology in the broader shift towards more flexible, scalable, and efficient network architectures.
Security considerations, both in terms of secure communication and resistance to cyber threats, are becoming paramount factors in the adoption of SDR technologies. The programmable nature of SDR allows for the implementation of advanced encryption algorithms and security protocols, making it a preferred choice in applications where data integrity and confidentiality are critical, such as military communication, public safety, and critical infrastructure.
Spectrum efficiency and management are significant factors influencing the adoption of SDR. The growing demand for wireless communication services and the limited availability of spectrum resources necessitate efficient utilization. SDR's dynamic adaptability to spectrum availability, interference avoidance, and optimization of spectrum usage align with the industry's pursuit of effective spectrum management. This factor reflects the industry's focus on addressing the challenges of growing demand for wireless connectivity within the constraints of available spectrum resources.
Software Defined Radio Market Highlights:
Global Software Defined Radio Market Overview
Software Defined Radio Market Size Was Valued At USD 15.56 Billion In 2022. Software Defined Radio Market Anticipated expected to reach worth USD 27.66 billion and exhibiting a compound annual growth rate (CAGR) of 6.6% by 2022 to 2032.The telecommunication industry is undergoing various kinds of technological developments in the field of SDRs that are pushing the market to grow in the global ending in 2032. The vital communication systems are making wide use of the SDRs for better functioning of their critical space missions, along with its wide support in the aerospace sector. Â
The software-defined radio market forecast predicts good growth opportunities for the market by the end of the global forecast period in 2030. Most of the established companies in major geographical locations of the world are increasing their focus on increasing their quantum of profit by exposing the target audience to an extensive range of IP radio systems that are very advanced. The demand for such radio systems is on an alarming rise across various regions in the globe. The next generation of IP radio systems is likely to provide huge growth opportunities for making use of the advanced SDRs - software-defined radios. Owing to the recent Software Defined Radio Market trends and factors like the considerable increase in adoption of the SDRs, the market is expected to have a good rise.
COVID 19 Analysis
The COVID 19 pandemic is spreading like a wild forest fire and is having considerable impacts on the economic activities of various industries mushrooming in different kinds of economies all around the world. The SDR system, as well as, subsystem management has been largely affected and disrupted because of the spread of the pandemic. However, the manufacturing of the SDRs to comply with the military application needs is of foremost importance and steps are being taken up to reduce the disruption in the supply chain management for the same. Resuming the manufacturing and production process is largely dependent on the exposure of the pandemic, operational running level of the manufacturing units, ease on restrictions, as well as, the allowance of imports and exports through government regulations.
However, the manufacturing and production units are functioning and taking the orders irrespective of the non-fixation of the schedules for working. As per the SDR industry experts, the defense sector is increasing its focus on sectors that have an important role to play in securing national interests. The supply chain for the market stands moderately impacted. However, steps to cope up with the current situation are being taken up to regulate a moderate SDR industry demand by allocating the funds for deliveries prior that the stipulated period.
Market Dynamics
Drivers
There is an increased demand for the communication systems in different missions that belong to the defense forces, government authorities, as well as, space agencies. The needs have been changing rapidly in recent years. The development of the SDRs is now able to meet the mobility-related requirements of the different troops that are stationed in difficult, as well as, adverse terrains. These contribute to the growth of the market by the end of the period in 2030.
Restraints
There are high chances of a security breach during the process of installation or loading a new kind of software in any of the SDR units with the help of an over-the-air update. Also, there is quite a possibility that there is unauthorized, as well as, malicious software that is in the lane for installation on various specific platforms.
Technology Analysis
The software-defined radio kits produced by the key market players lay their focus on intensifying their quantum of profits by offering the consumers a huge range of IP radio systems that are advanced in nature. Also, their increased level of demand is increasing in various locations across the globe. Also, the sale of products helps in providing an enhanced level of services to the network industry, as well as, reduce the time spent on the transaction costs. Further, these services are enhancing the experience of the end-users of the Software Defined Radio Market.
Study Objectives
- To study the market insights and consider the opinions of the industry experts and prominent market players. Also, the report helps to analyze their performance and draw a competitive scale for them.
- To study the market dynamics like drivers, restraints, challenges, as well as, the technical analysis of the future period ending in 2023.
- To study the recent developments of the market and provide a crystal clear picture regarding the growth prospects and revenue models of the market
- To understand the functioning of the Software Defined Radio key market players and the market segments in 4 major geographical locations of the world
Segment Overview
Owing to the wide-scale performance and establishment of the software-defined radio market manufacturers, the market has been divided into major segments like component, type, region, platform, frequency band, as well as, application.
Platform
Based on the platform market segment the market is divided into airborne, space, land, as well as, naval segments. These further include unmanned aerial vehicles, ships, submarines, manpacks, air traffic control stations, handheld, and much more.
Application
Based on the application segment, the market is inclusive of defense and commercial segments.
Type
Terrestrial trunked radio (Tetra), general-purpose radio, joint tactical radio systems (JTRS), as well as, cognitive or intelligent radio are the different parts under the type segment.
Regional Analysis
The North American market is projected to have the largest market for the SDRs. precisely, the US market is expected to take the market to new growing heights. The US region has emerged as a pioneer for the development of the SDRs since the 1990 decade. These programs are likely to support the working of advanced radios. Many American companies have been awarded a contract by the USA army for the development of the radio systems to be used in the airborne platforms. These contracts are likely to be executed for 5 years or more and are inclusive of the upgrades, as well as, the production. Also, the companies are up for supporting as many as 5000 radios in number.
Apart from this, the software segment functioning in other major geographical locations like the APAC region is expected to attain a high CAGR growth. The reason behind this is an increase in software implementation that will increase the capacity of these systems to establish a better way of communication standards.
Competitive Landscape
The software-defined radio ( SDR) industry is likely to grow at a consistent rate by the end of the future in 2023. The key market players of the market contributing to the growth, as well as, helping to draw a competitive market landscape are as follows:Â
- 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
Recent Developments
- In January, as well as, July 2020, many key market players such as Elbit Systems, BAE Systems, L3Harris Technologies, General Dynamics Corporation, as well as, Leonardo S.p.A. have received orders of bulk quantities from the defense sector of these countries.
- The Swedish Army extended a contract to Elbit System for supplying 1,000 E-LynX SDR systems. This contract will be manufactured by the company subsidiaries that are based out in Germany. This kind of contract will help manufacture products with advanced features and will help the market grow in global competition.
- The USA Army extended another project to L3Harris Technologies Inc. for low-rate initial production (LRIP). The estimated value of the order stands at 95 million. This took place in April 2020.
- The same company in July, as well as, November 2019, had contracts awarded by the US Air Force, as well as, the Special Operation Forces operators for supplying handheld tactical radios, as well as, wideband airborne HF radios. The contact with the SOF operators amounted to USD 86 million.
Report Overview
The spread of the pandemic has harmed the functioning and production of all the industries and production units, the SDR market being one of them. The global software-defined radio market report is a clear indication of the same and further discusses the market dynamics in the forms of opportunities and restraints to which the market is exposed to.
The report considers the opinion of the industry players, leaders, and experts to estimate the expected CAGR growth of the market, along with its estimated market valuation. The Software Defined Radio Market report represents the functioning of the market segments in various domestic, as well as, international regions across the globe. Also, the report considers the performance of the key market players in these major regions, as well as, simultaneously understanding their sales working and revenue models. The market report further draws a competitive landscape based on the performance of these key SDR Industry players in the regions including their recent developments.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
