Software Defined Radios Market

Software Defined Radios Market

Growth Factors of Software Defined Radio Market

The software defined radio market size was valued at USD 14.19 billion in 2023, and the market is now projected to grow from USD 14.94 billion in 2024 to USD 21.97 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period of 2024-2032.

The COVID-19 pandemic had a minor influence on the market. The demand for commercial software-based radio systems is decreasing owing to supply chain disruptions in several locations.

Military authorities have increased their emphasis on adoption for tactical communication applications. Software-defined radios are cost-effective and flexible, supporting several communication protocols. This radio system solution is anticipated to improve military communications and arm soldiers. As a result, the leading manufacturers have increased their emphasis on VHF and UHF SDR research for military applications. The software defined radio market growth is predicted to develop due to increased focus on enhanced radio frequency distribution for smooth communication and data transmission by military agencies worldwide.

Global usage of technology including 5G, IoT, cloud computing, and AI has grown in latest years. The growing demand caused the creation of superior communication technologies, consisting of cognitive/smart radio. SDR systems provide customizable functions for diverse use cases. Software- based radios are splendid for structures with length and weight constraints. The enterprise is seeing a convergence of 5G and cloud structure because of rising demand for excessive-frequency radio transmission and improved authorities and military funding.

Comprehensive Analysis of Software Defined Radio Market

The market for radios is divided into general-purpose, joint tactical radio systems (JTRS), cognitive/intelligent, and terrestrial trunked radios. The joint tactical radio system segment is expected to grow the fastest due to its use in military applications. The TETRA section is second biggest because of its use in shipping and emergency services. The general-purpose radio segment is anticipated to see considerable increase due to its accelerated use of hand held software program-defined radios. The hardware section is expected to look the best increase rate due to its compatibility with numerous conversation standards. The medium/high frequency segment is expected to dominate due to its lower cost compared to VHF and UHF frequency SDR. The naval segment is expected to see the highest growth due to its focus on developing integrated maritime vessels.

The North America region lead the software defined radio market share by benefitting a market size of USD 4.66 billion in 2023 due to rapid adoption of new technology and substantial navy spending. The presence of SDR manufacturers within the US, like L3Harris Technologies, Inc., Northrop Grumman Corporation, General Dynamics Corporation, and Raytheon Technologies Corporation, is projected to force marketplace expansion.

BAE Systems PLC is a main provider of next-generation software for radios, specializing in research, improvement, and innovation. The organization is a key player in the marketplace, with a focal point on strategic mergers and acquisitions, maintaining long-term government contracts, and dealing with opposition from new entrants. Key players consists Northrop Grumman, Raytheon Technologies, Elbit Systems, Thales Group and Viasat.

In March 2024, Elta Systems, a branch of Israel Aerospace Industries (IAI), unveiled their maximum updated software defined radio (SDR). The SDR has a modern-day-day format and may perform at immoderate, extremely-excessive, and L-band frequencies.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.9% over 2024 to 2032

Unit Value (USD Billion)

Segmentation

By Type

- General Purpose Radio

- Joint Tactical Radio System (JTRS)

- Cognitive/Intelligent Radio

- Terrestrial Trunked Radio (Tetra)

By Component

- Hardware

- Software

By Frequency Band

- MF/HF

- VHF

- UHF

- Other Bands

By Platform

- Airborne

- Naval

- Land

- Space

By Application

- Military & Defense

- Commercial

By Geography

- North America (By Type, Component, Frequency Band, Platform, Application, and Country)

• The U.S. (By Application)
• Canada (By Application)

- Europe (By Type, Component, Frequency Band, Platform, Application, and Country)

• The U.K. (By Application)
• Germany (By Application)
• France (By Application)
• Russia (By Application)
• Rest of Europe (By Application)

- Asia-Pacific (By Type, Component, Frequency Band, Platform, Application, and Country)

• Japan (By Application)
• China (By Application)
• India (By Application)
• South Korea (By Application)
• Rest of Asia-Pacific (By Application)

- Rest of the World (By Type, Component, Frequency Band, Platform, Application, and Country)

• Latin America (By Application)
• The Middle East & Africa (By Application)


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