Software Defined Radio (SDR) Market:
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Global Software Defined Radio (SDR) Market is valued approximately USD 25.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.63 % over the forecast period 2020-2027. The radio industry and communication systems have drastically changed in recent years due to the advent of digital electronics. Although the term software-defined radio is not new to the industry, there have been substantial developments in software-defined radio in terms of technology and applications. SDR is a kind of radio communication device where communication is accomplished by using the software on the personal computer or embedded system instead of adding hardware such as amplifiers, detectors, modulators, philters, mixers, demodulators, and others. The market id driven by technological advances in software-defined radio, growing telecommunications adoption of SDR, increasing military spending on tactical communication.For instance: According to Statista, In 2019, the world’s military spending amounted to 1.92 trillion U.S. dollars, compared to 1.14 trillion U.S. dollars in 2001 The key players of global Software defined radio market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In April 2017, General Dynamics received a USD 410.4 million contract from the UK Ministry of Defense to design a tactical communication and information system for the next generation. The device will provide the powers with a quick and reliable communication capability. However, Higher initial cost, security issues, problems with integration would restrain the growth of market.
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The regional analysis of global Software Defined Radio (SDR) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Technological advances in software-defined radio. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increased growing telecommunications adoption of SDR, increasing military spending on tactical communication would create lucrative growth prospects for the Software Defined Radio (SDR) Market across Asia-Pacific region.
Major market player included in this report are:
Rohde and Schwarz
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Frequency band:
Very high frequency
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Software Defined Radio (SDR) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers