The software-defined radio market size is projected to grow from USD 11.4 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 4.9% from 2020 to 2025
New York, January 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Software-defined radio market by platform, application, type, bandwidth, component and region Global Forecast 2025” – https://www.reportlinker.com/p04364831/?utm_source=GNW
The software-defined radio market includes major players such as Elbit Systems Ltd. (Israel), Thales (France), Northrop Grumman Corporation (USA), Raytheon Technologies Corporation (USA), L3Harris Technologies, Inc. (USA), General Dynamics Corporation (USA) and BAE Systems (USA). Among others. These players have spread their business to various countries, including North America, Europe, the Asia-Pacific region, the Middle East, Africa and Latin America. COVID-19 has influenced to some extent the software-defined growth of the radio market and this varies from country to country. Industry experts believe the pandemic has not significantly affected the demand for software-defined radio in defense applications.
Based on the application, the trading segment of the software-defined radio market is expected to register significant growth over the forecast period.
As for the 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 easy to upgrade and provide high data transfer speeds, which further improves its use for the retail segment.
The cognitive / intelligent radio subsegment of the software-defined radio market by type is expected to witness the highest CAGR due to growing improvements in cognitive radio products.
Based on the type, the software-defined radio market is divided into a joint tactical radio system (JTRS), general purpose radio, cognitive / intelligent radio and terrestrial truncated radio (TETRA). spectrum, interoperability and the ability to reconfigure networks to meet current needs and reach hidden frequency nodes.
In the coming years, cognitive radio applications are expected to grow in various industrial verticals. Technological advances, optimized spectrum use and the growing adoption of 5G technology are some of the main drivers of market growth.
North America: The largest contributing region to the software-defined radio market.
North America is expected to register for the bulk of the software-defined radio market in 2020. The market in this region is expected to register the highest CAGR over the forecast period.
The United States and Canada are considered to estimate the market size of the North American region. North American companies are focusing on investing in a variety of software-defined radio systems to ensure secure communication between different forces.
Software-defined radio systems provide ease of data exchange between different armed forces and better operational planning and execution in network-oriented warfare.
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.
Breaking the profile of the main participants in the software-defined radio market:
• By company type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
• By purpose: C level – 35%, director level – 25% and others – 40%
• By regions: North America – 25%, Europe – 15%, Asia-Pacific – 45%, Middle East – 10%, RoW – 5%
Major companies profiled in the software-defined radio market report include Elbit Systems Ltd. (Israel), Thales (France), Northrop Grumman Corporation (USA), Raytheon Technologies Corporation (USA), General Dynamics Corporation (USA), L3Harris Technologies, Inc (USA) and BAE Systems (USA), among others.
This study report categorizes the software-defined platform of the radio market on a platform (air, fleet, land, space), application (defense, commercial), by type (general purpose radio, joint tactical radio system (JTRS), cognitive / intelligent radio, Terrestrial Truncated Radio (TETRA)), by frequency band (HF, VHF, UHF, other frequency bands), by component (general purpose processor, digital signal processor, port programmable arrays, application specific integrated circuit (ASIC) , Amplifiers, Converters, Software), major regions, namely North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa. The scope of the report covers detailed information on key factors such as engines, challenges and opportunities influencing the growth of the software-defined radio market.
A detailed analysis of the key players in the industry has been made to give an idea of their business reviews; solutions and services; key strategies; launching new products, contracts, partnerships, cooperation, expansion, acquisition and development of new products related to the software-defined radio market.
Reasons to purchase this report:
The report will help market leaders / new entrants with information on the closest revenue estimates for all software defined in the radio market and sub-segments. business better and plan appropriate market exit strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, constraints, challenges and opportunities.
The report provides information on the following guidelines:
• Market penetration: comprehensive information on software-defined radio offered by the best players in the market
• Product development / innovation: Detailed information on upcoming technologies, research and development and launch of new products on the software-defined radio market
• Market development: Comprehensive information on profitable markets – the report analyzes the software-defined radio market in different regions
• Market diversification: comprehensive information on new products, unused geography, recent developments and investments in the software-defined radio market
• Assessment of competition: in-depth assessment of market shares, growth strategies, products and production capabilities of leading players in the software-defined radio market
Read the full report: https://www.reportlinker.com/p04364831/?utm_source=GNW
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