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.
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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
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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.
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