Market Overview:
Software Defined Radio industry Size is expected to reach USD 23.72 Billion by 2030, registering a CAGR of 10% during 2022-2030
An embedded system or personal computer's software is used to transmit data or information in a software defined radio, a type of radio transmission system.
Key Players:
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
Market Segmentation:
The global Software Defined Radio market's component, frequency band, platform, and application subsectors have all been recognised.
According to component, the worldwide software defined radio market has been divided into transmitter, receiver, software, and auxiliary system. The transmitter category is likely to lead the market, with a market worth of USD 11,344.3 million in 2018 and an expected increase to USD 17,678.9 million by 2023. This expansion is the result of the employment of transmitters to generate and transmit electromagnetic waves carrying signals or messages. They also enable the broadcast of significant amounts of data over long distances by modulating the frequency. The receiver segment is anticipated to grow at a CAGR of 5.29% over the course of the forecast period.
The Software Defined Radio market has been segmented into three groups based on frequency bands: HF, VHF, and UHF. The HF category is forecast to be the largest, with a value of USD 12,407.9 million in 2018 and a predicted increase to USD 18,232.5 million by 2023. High-frequency software defined radios provide a greater bandwidth and more straightforward data transport. Additionally, they offer higher-quality signals. The UHF segment is anticipated to have the highest CAGR of 9.13% during the forecast period.
The ground, aviation, naval, and space segments of the global software-defined radio market are platform-based. Land is expected to lead with a CAGR of 9.27%, valued at USD 9,764.9 million in 2018 and USD 15,213.2 million by 2023. Software defined Radios, which offer characteristics like two-way communication and multifunctionality, enable wireless devices of many types to communicate with one another. These capabilities enable secure data transfer and communication between armed troops or ground forces. The airborne category is predicted to grow at a CAGR of 7.94% over the course of the projection period.
Regional Analysis:
The five major regions of North America, Europe, Asia-Pacific, the Middle East, and Latin America have all been researched in relation to the worldwide software defined radio market.
With a market value of USD 6,944.7 million in 2018 and a CAGR of 8.54% from 2018 to 2023 to reach USD 10,460.6 million, North America is predicted to dominate. This expansion is the result of significant expenditures made by the US Department of Defense on cutting-edge military equipment.
Europe is expected to be the second-largest market, with a market value of USD 5,068.7 million in 2018, and by 2023, the market there is projected to have risen by 6.91% CAGR to reach USD 7,079.7 million. The rising adoption of software defined radios by governmental organisations is driving the growth of the European market.
Industry News:
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.
Full report @ https://www.marketresearchfuture.com/reports/software-defined-radio-market-5893
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