Software Defined Radio Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Software Defined Radio Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global software defined radio market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

The software defined radio (SDR) refers to a radio frequency communication tool that performs signal-processing tasks using the software installed in a desktop computer. It operates through a receiver, transmitter, software application and various other auxiliary systems and performs the functions of amplifiers, filters, mixers, modulators/demodulators and detectors. It has a broad frequency range by default and can be programmed to work at a specific frequency within the range. It can also be re-configured, thereby replacing multiple radios with a single unit and offers enhanced flexibility, cost-effectiveness and interoperability to the user. Owing to this, it finds extensive applications across various industries, including aerospace, defense, telecommunication and transportation.

Software Defined Radio Market Trends:
The growing need for military modernization, along with the increasing demand for enhanced situational awareness, is one of the key factors driving the growth of the market. Advanced communication systems, such as SDRs, are employed in military units to improve defense communication systems without hardware constraints. Widespread adoption of SDR in telecommunications is also providing a boost to the market growth. In order to meet the growing demand for stable connections and higher data speeds, network operators are adopting SDR software, along with Network Function Virtualization (NFV), to improve connectivity solutions. Additionally, various advancements, such as the development of next-generation internet protocol (IP) systems that can be adjusted to 4G and wireless spectrums, are creating a positive outlook for the market. The increasing shift from analog to digital SDR is acting as another major growth-inducing factor. SDR is expected to act as the base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels. Other factors, including the integration of the Internet of Things (IoT) with wireless devices, along with extensive research and development (R&D) activities in the field of telecommunications, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global software defined radio market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, application, component, platform and frequency band.

Breakup by Type:

Joint Tactical Radio System (JTRS)
Cognitive Radio
General Purpose Radio
Terrestrial Trunked Radio (TETRA)
Others

Breakup by Application:

Aerospace and Defense
Commercial
Telecommunication
Others

Breakup by Component:

Transmitter
Receiver
Auxiliary System
Software

Breakup by Platform:

Land
Airborne
Naval
Space

Breakup by Frequency Band:

High Frequency
Very High Frequency
Ultra-High Frequency
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aselsan A.S., BAE Systems, Elbit Systems Ltd., General Dynamics Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), L3harris Technologies Inc., Leonardo S.p.A., Northrop Grumman Corporation, Rohde & Schwarz GmbH & Co. KG, Thales Group, ZTE Corporation, etc.

Key Questions Answered in This Report

1. What was the size of the global software defined radio market in 2022?
2. What is the expected growth rate of the global software defined radio market during 2023-2028?
3. What are the key factors driving the global software defined radio market?
4. What has been the impact of COVID-19 on the global software defined radio market?
5. What is the breakup of the global software defined radio market based on the type?
6. What is the breakup of the global software defined radio market based on the application?
7. What is the breakup of the global software defined radio market based on the component?
8. What is the breakup of the global software defined radio market based on the platform?
9. What is the breakup of the global software defined radio market based on the frequency band?
10. What are the key regions in the global software defined radio market?
11. Who are the key companies/players in the global software defined radio market?