Software Defined Radio Market worth $14.5 billion by 2025
CHICAGO,, January 18, 2021 / PRNewswire / – According to the new market research report “Software-defined platform radio market (land, air, naval, space), application (defense, commercial), type (general purpose radios, cognitive / intelligent radio, terrestrial truncated radio), frequency range, overall forecast for component and region 2025 .“, published by MarketsandMarkets ™, is projected that the size of the software-defined radio market will increase from $ 11.4 billion in 2020 to $ 14.5 billion by 2025, with a CAGR of 4.9% from 2020 to 2025. Vital factors that can stimulate the growth of the software-defined radio market are the growing adoption of SDRs in telecommunications and numerous technological developments in software-defined radio stations. The growing demand for software radios in advanced communication systems used for important missions in the space sector will escalate market growth.
Request a PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138946173
Demand for software radios, especially in commercial applications such as telecommunications, transportation and commercial aviation, is heavily affected. Due to precautions taken by many countries to stop the spread of COVID-19, several public / private development activities have been suspended, leading to a decline in demand for software radio stations. However, this trend seems to vary from country to country. For example, searching for software radio stations in Europe and Asia-Pacific region has been affected by the pandemic due to the suspension of development activities.
Based on the application, the trading segment of the software-defined radio market is expected to witness significant growth over the forecast period.
In terms of application, the market is divided into commercial and defense. The growing use of SDRs in commercial applications, including aviation, maritime, transport, telecommunications, supports the growth of the segment. Software-defined radios are mainly used in air traffic control (ATC), transport and telecommunications applications. They are easily upgraded and provide high data transfer speeds, which further improves its use for the commercial segment.
It is assumed that the cognitive / intelligent radio subsegment of the software-defined radio market will be the highest in terms of type due to the growing improvements in cognitive radio products.
Based on the type, the software-defined radio market is segmented into general purpose radio, joint tactical radio system (JTRS), cognitive / intelligent radio and terrestrial truncated radio (TETRA). The main advantages of cognitive radio with SDR include optimized spectrum utilization, interoperability, and the ability to reconfigure networks to meet current needs and reach hidden frequency nodes. In the coming years, the application of cognitive radio is expected to grow exponentially in various industry verticals. Technological advances, optimized spectrum use and the growing adoption of 5G technology are some of the main drivers of market growth.
Take a look at the in-depth TOCs of “Software defined radio market”
133 – Masses
64 – Figures
314 – Pages
Inquiry before purchase: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=138946173
The North America The market is expected to contribute the largest share from 2020 to 2025 in the software-defined radio market
North America is expected to account for the major share of the software-defined radio market in 2020. The market in this region is expected to register the highest CAGR during the forecast period. USA and Canada are taken into account to assess the market size of the North American region. North American companies are investing in various software radio systems to ensure secure communication between the various armed forces. Software-defined radio systems provide ease of data exchange between different armed forces and better operational planning and implementation in a network-oriented environment.
The software-defined radio market is dominated by several globally established players such as Thales (France), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (USA), General Dynamics Corporation (USA), Raytheon Technologies Corporation (USA), L3Harris Technologies, Inc. (USA) and BAE Systems (USA). among others.
Aircraft Survival Equipment Market from platform (combat aircraft, combat helicopter, aircraft with special mission, UAV), subsystem (electronic support, electronic attack, non-combat systems), gadget (line fit, forward fit) and region – global forecast until 2022.
Network Centric Warfare (NCW) Market by platform (land, air, naval, unmanned), application (ISR, communication, computer, cyber, combat, control and management), mission type, communication network, architecture and region – global forecast until 2021
All about MarketsandMarkets ™
MarketsandMarkets ™ provides a quantitative B2B survey of 30,000 high-growth niches / opportunities / threats that will affect 70% to 80% of global companies’ revenue. It currently serves 7,500 customers worldwide, including 80% of global Fortune 1000 customers. Nearly 75,000 top employees in eight industries around the world turn to MarketsandMarkets ™ for their revenue decision points.
Our 850 full-time analysts and SMEs at MarketsandMarkets лните track global high-growth markets following the GEM Growth Commitment Model. GEM aims to proactively work with customers to identify new opportunities, identify key customers, write “Attack, Avoid and Defend” strategies, and identify sources of additional revenue for both the company and its competitors. MarketsandMarkets ™ now offers 1500 MicroQuadrants (Positioning of top players among leaders, emerging companies, innovators, strategic players) annually in emerging segments with high growth. MarketsandMarkets ре is determined to benefit over 10,000 companies this year for revenue planning and help them bring their innovations / disruptions to market early by providing them with pre-curve research.
MarketsandMarkets’ flagship competitive intelligence and market research platform, the Knowledge Store, connects more than 200,000 markets and entire value chains for a deeper understanding of dissatisfied insights, along with market sizing and niche market forecasts.
Mr. Aashish mehra
MarketsandMarkets ™ INC.
630 Dundee Road
Northbrook, IL 60062
USA: + 1-888-600-6441
Email: [email protected]
Visit our website: https://www.marketsandmarkets.com
Content source: https://www.marketsandmarkets.com/PressReleases/software-defined-radio.asp
SOURCES Markets and Markets