Software Defined Radio Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : ICT

The global Software Defined Radio market size is expected to be worth around US$ 39.8 billion by 2028, according to a new report by Vision Research Reports.

The global Software Defined Radio market size was valued at US$ 20.5 billion in 2020 and is anticipated to grow at a CAGR of 8.9% during forecast period 2021 to 2028.

Growth Factors

Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Report Highlights

Based on type, the JTRS segment dominated the market for software defined radio in 2019. The technology is widely adopted in the defense sector since it comprises multi-mode/multi-band pre-emptive radio sets that enable simultaneous voice and data communication capacities to the warfighter. Based on Software Communications Architecture 4.0 (SCA), an open systems architecture forms an essential component of JTRS. The U.S. Department of Defense’s Joint Tactical Radio System (JTSR) program also drives the growth of the JTRS segment.

Terrestrial trunked radio (TETRA) is an open digital private mobile radio standard in the international market. It contains high functionality for emergency services and is suitable for commercial trunked radio users. TETRA specifies certain interfaces such as air interface, terminal equipment, direct mode operation, and inter-system interface to function effectively in the multivendor market. 

Based on component, the hardware segment dominated the market for software defined radio in 2019 owing to the rising popularity of portable SDRs. The hardware segment is driven by the combination of analog and digital technology on a single chip, which is a major factor contributing to the reduction in weight and size. In addition, the growing popularity of field-programmable gate array (FPGA) with integrated analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) drives the segment growth.

The software component segment is expected to witness significant growth owing to increasing use in commercial applications. The software in SDR is used to define its specifications and functions. Software provides better flexibility for network load balancing and eliminating capacity bottlenecks for packet-switched core backhaul. Algorithms within SDR are downloadable and adaptable in the entire lifespan of the software defined radio.

High frequency SDR systems are used for tactical communication with the help of IP systems. IP systems provide benefits such as reduced transaction costs and enhanced end-user experience, subsequently driving the demand for next-generation IP systems with integrated software defined radio system. 

Ultra High Frequency (UHF) bands are used for commercial applications such as cellular systems and 5G networks. Owing to the need for wide area coverage, UHF SDRs are used to provide uninterrupted services to customers. Moreover, factors such as increasing number of smartphones and frequent use of internet for IoT applications are driving the segment growth. The segment is expected to hold the largest market share by 2027.

Ground-based SDR systems dominated the market for software defined radio in 2019 as they find a wide range of applications for tactical military communication in space and military sectors. In satellite communications, software defined radio exponentially simplifies ground station designs and improves the sensitivity of the ground station. An increase in the number of space projects in the communication sector and the growing implementation of SDR technology play a critical role in the new space communications architecture. 

Airborne SDR is a high-rate data communication system, which is widely used for military and civil applications. Various companies such as Collins Aerospace and L3 Harris Technologies are integrating SDR technology solutions with existing airborne applications, making them cost-effective, secure, and mission critical. Moreover, SDRs incorporate a wideband networked waveform, which is suitable for secure airborne communications. 

Based on end use, the SDR market has been segmented into aerospace and defense, telecommunication, public safety, commercial, and others. SDR is widely used in the defense sector owing to greater functional scope. The device offers high adaptability, interoperability, precision, clarity, and high speed. Falcon, a leading player, enables a wider deployment of SDR devices backed with SCA 4.0 for the defense sector. In recent years, countries are focusing on increasing expenditure on defense, which further drives the segment growth.

North America dominated the software defined radio market in 2019, mainly owing to the Joint Tactical Networking Center (JTNC) program, which provides technical support for wireless communication systems to the U.S. Department of Defense. Software defined radio systems are widely used in the defense sector owing to research programs and integration of all communication systems in the state and federal agencies in North America. 

The Asia Pacific market for software defined radio systems is projected to witness the highest growth over the forecast period owing to the rise in terrorism in Asian countries such as Bangladesh, Pakistan, and Afghanistan. In response, intelligence and military organizations in the region are increasingly deploying SDR to enhance communication systems enabling secure collaboration, improved information sharing, and shared situational analysis.

Key Players

Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

Market Segmentation

  • Type Outlook

    • General Purpose Radio

    • Joint Tactical Radio System

    • Cognitive Radio

    • TETRA

  • Component Outlook 

    • Hardware

      • Antenna

      • Transmitter

      • Receiver

      • Others

    • Software

    • Service

  • Frequency Band Outlook 

    • HF Band

    • VHF Band

    • UHF Band

    • Others

  • Platform Outlook 

    • Ground

    • Naval

    • Airborne

    • Space

  • End-Use Outlook 

    • Aerospace & Defense

      • Space

      • Military

    • Telecommunication

    • Public Safety

    • Commercial

    • Others

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • India

      • China

      • Japan

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • MEA

The Software Defined Radio market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Software Defined Radio market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Software Defined Radio market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Software Defined Radio market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Software Defined Radio market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Software Defined Radio capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Software Defined Radio by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Software Defined Radio market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Software Defined Radio market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Software Defined Radio market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Software Defined Radio industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Software Defined Radio market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Software Defined Radio market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Software Defined Radio market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Software Defined Radio market. These factors have benefited the growth of the global market for Software Defined Radio. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Software Defined Radio. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Software Defined Radio are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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