Report Forecast:

The Software Defined Radios Market was estimated at US$ 11.5 Billion in 2021 and is expected to grow at a CAGR of 4.7% during 2022-2028 to reach US$ ~15.3 Billion in 2028.

Over the years, there has been a fast change in the requirements for communications systems for various operations carried out by military forces, space agencies, and government bodies. The earlier-developed software-defined radios (SDRs) are now largely insufficient to accommodate the various activities in the present-day communication systems. The older radios weren't mobile enough for troops stationed in challenging terrain since they were bulky and hefty (both in weight and size). The desire for lighter and more agile SDR systems has been influenced by these mobility-related requirements and the application of communication principles.

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.

The growth curves of software defined radios market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the software defined radios market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the software defined radios market –

• Raytheon Company
• Northrop Grumman Corporation
• Collins Aerospace Systems
• Harris Corporation
• L3 Technologies, Inc.
• BAE Systems
• Huawei Technologies Co., Ltd.
• Datasoft Corporation
• Elbit Systems
• General Dynamics
• Leonardo
• Rohde Schwarz
• Thales Group
• ViaSat

Software Defined Radios Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.

The software defined radios market is segmented into the following categories.

By Platform Type

The market is segmented into land, Naval, Airborne, and Space. The land segment will lead the software-defined radio market during the forecast period. Installation of mobile and stationary units is part of the land segment. In the next years, the expansion of the land sector is anticipated to be supported by the increasing need for SDRs used in military vehicles and cellular stations. The Joint Tactical Radio System (JTRS) initiative in the US led to the developing of one of the military software-defined radios for land platforms.

By Components Type

The market is segmented into General purpose processors, Digital signal processors, Field programmable gate arrays (FPGA), Application-specific integrated circuits (ASIC), amplifiers, converters, Software, and Others. For the forecast period, the cognitive/intelligent radio category is anticipated to develop at the fastest CAGR.

Regional Analysis

North America is likely to maintain its supremacy in the Software Defined Radios Market throughout the forecast period.  In North America, the US is the country with the biggest market for software-defined radios. Since the 1990s, the nation has led the world in software-defined radios. The US launched the Joint Tactical Radio System (JTRS) initiative to create the Software Communication Architecture (SCA). These applications aid in the creation of sophisticated software-defined radios. Software-defined radio systems are widely employed in the military industry due to research initiatives and the unification of all communication systems across North America state and federal agencies. The need for software-defined radio systems is also fueled by the US government's increasing financing for developing next-generation radio communication systems that can support X-band frequencies.

Concurrently, the Software Defined Radios Market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. The growth in terrorism in Asian countries like Pakistan, Bangladesh, and Afghanistan is to blame for this increase. Regional intelligence and military agencies are gradually deploying SDR to enhance communication systems and enable secure cooperation, greater information sharing, and shared situational analysis. The demand for software-defined radio systems is also fueled by law enforcement's need for better communication during disasters. Furthermore, it is anticipated that government funding for SDR research and development in nations like China and Australia would increase demand for software-defined radio systems across the Asia Pacific.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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• Company Profiling
• Detailed profiling of key market players (up to 3 players)
• SWOT analysis of key market players (up to 3 players)

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