DUBLIN – (BUSINESS VENTURE) – July 9, 2021 –
The “Software-defined radio market – growth, trends, impact of COVID-19 and forecasts (2021 – 2030)” report added to ResearchAndMarkets.comI suggest.
The software-defined radio market is estimated at about $ 6.41 billion in 2020 and is expected to grow to approximately $ 14.69 billion in 2030 with a CAGR of about 8.8% over the forecast period (2021-2030). .
- Northrop Grumman Corporation
- Elbit Systems Ltd.
- BAE Systems plc
- Thales Group
- General Dynamics Corporation
- Raytheon Technologies Corporation
- L3Harris Technologies, Inc.
- Leonardo SpA
- Rafael Advanced Defense Systems Ltd.
- ASELSAN AS
- Israel Aerospace Industries Ltd.
- Ultra Electronics Holdings
Main market trends
The agricultural segment is reported as a major share of revenue in 2020.
The land segment currently dominates the market and is expected to continue to dominate over the forecast period. The increased demand is mainly due to the integration of software-defined radio stations in infantry and armored vehicles for communication. Armies are currently replacing their existing infrastructure with SDRs for more secure communication channels between ground-to-air and ground-to-ground platforms. In February 2021, Ultra Electronics was awarded a supply contract for the supply and deployment of ORION radio systems for the U.S. Army.
This $ 26.7 million contract is part of a $ 497 million contract for an indefinite contract / indefinite amount (IDIQ) awarded to the company in 2019 under the U.S. Army’s TRILOS radio program. The company has delivered more than 500 ORION SDR systems since the program’s inception. Similarly, from February 2021, the Indian Army plans to replace its communication systems with high-frequency (V / UHF) Manpack SDRs under the Make-II category. The contract is expected to be awarded to one of the 18 local manufacturers after the development of the SDR prototype according to the Buy (Indian-IDDM) category from DAP 2020. Such plans of the armed forces will stimulate the growth of this segment during the forecast period.
The Asia-Pacific region is expected to generate significant demand for SDRs during the forecast period
The Asia-Pacific region is expected to generate demand for SDRs, mainly due to growing tensions among major economies, which has led to higher defense spending to raise awareness of the situation. The military spending of the region has increased by more than 20% in the period 2015-2020. Most of the investments are in the modernization of land, air and sea platforms. Investments are also aimed at purchasing advanced communication systems that will improve their capabilities on the battlefield and the situational awareness of military personnel in complex terrain. For example, India is rapidly investing in the replacement of existing radio systems with locally developed SDR systems in various armed forces platforms.
In this regard, in February 2021, the Indian Ministry of Defense (MoD) selected Bharat Electronics Limited (BEL) to acquire software-defined radio tactics (SDR-Tac) for a period of three years. The contract was worth $ 136.9 million (1,000 kroner). Similarly, in September 2020, Hindustan Aeronautics Restricted (HAL) began the integration of SDRs supplied by Rafael Defense Systems (as part of the 400 SDR supply contract) aboard the Indian Air Force’s Su-30MKI fleet. Such investments in the implementation of the SDR are expected to stimulate market growth in the Asia-Pacific region over the forecast period.
Key topics covered:
2 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market engines
4.3 Market restrictions
4.4 Analysis of Porter’s Five Forces
5 MARKET SEGMENTATION (Market value – USD billion)
5.1.2 The sea
5.2.1 North America
188.8.131.52 United Kingdom
184.108.40.206 The rest of Europe
5.2.3 Asia-Pacific region
220.127.116.11 The rest of the Asia-Pacific region
5.2.4 Latin America
18.104.22.168 The rest of Latin America
5.2.5 The Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 The rest of the Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market share of the seller
6.2 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report, visit https://www.researchandmarkets.com/r/n6bjm2
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INDUSTRY KEYWORD: SECURITY MOBILE / WIRELESS TECHNOLOGIES OTHER SECURITY SOFTWARE
SOURCE: Research and markets
Copyright Business Wire 2021.
PUB: 09.09.2021 10:28 h. / DISK: 09.07.2021 10:28 h
Copyright Business Wire 2021.