Global Software-Defined Radio Market to Reach $31.69 Billion by 2024
FREMONT, CA.,, October 30, 2019 / PRNewswire / – According to a new market information report from BIS Research, entitled “Global software defined radio market – Analysis and forecast, 2019-2024“, the Software Defined Radio (SDR) market was rated at $ 21.85 billion in 2018 and is expected to reach $ 31.69 billion by 2024. The market is expected to grow at a CAGR of 7.19% over the forecast period 2019-2024.
View 28 market data tables and 162 figures spread over 258 pages, and an in-depth TOC of “Global software defined radio market“
Growing developments and innovations in radio communication systems have led to software-defined radio stations, which have significantly provided the military with relevant information on the battlefield. According to the International Telecommunication Union (ITU), software-defined radio stations are those in which all functions of the physical layer are software-defined. SDR provides software control over broadband operations, modulation, communication functions, narrowband operations, and waveform requirements for the frequency range.
The high demand for defense electronics is mainly due to global tensions, which have persisted over the years. Rising maritime disputes, traditional land conflicts, hybrid warfare, maritime piracy, cyberattacks, urban riots and civil attacks are some of the factors driving the SDR market. Rising tensions have led to an increase in the global defense budget. Harris Corporation, General Dynamics, BAE Systems and Raytheon, Inc., among others, are among the leading manufacturers of software-defined radios.
Software-defined radio is categorized based on platforms such as land, air, navy, and space. Also based on applications, these systems are further classified in defense and space and commercial. Based on current developments, military communication is expected to be most in demand in major economies over the forecast period. However, the commercial sector in the SDR market is also growing rapidly due to the growing demand for cognitive radio in telecommunications and automotive networks.
According to Rahul Papni, chief analyst at BIS Research, “Asia-Pacific region (APAC) The software-defined radio market is expected to witness the fastest growth over the forecast period. Increasing demand for software – defined radio through Asia-Pacific region due to growing border tensions between neighboring countries, rising defense spending and rising terrorist movements. According to the analysis, China,, Japan,, South Korea, and India contribute mainly to market growth in Asia-Pacific region region. Europe and Asia-Pacific region are prominent regions for the development of a software-defined radio market. In addition, due to the smaller number of manufacturing companies in Asia-Pacific region region, has a wide range of opportunities for both new and established players in the market. “
United Kingdom, France,, Germany,, Russia, and Italy are some of the prominent countries for the European software defined radio market. The European market is likely to anticipate growth opportunities over the forecast period. The great demand for software-defined radios is due to the development of artificial intelligence for military operations to develop cognitive radios. IN Middle East,, Israel is a prominent country involved in the development of advanced software-defined radio.
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The market report provides a detailed analysis of recent trends affecting the market, together with a comprehensive study of future trends and developments. It also includes competitive analysis of leading players in the industry, including corporate review, financial data, financial summary and SWOT analysis. The overall market is segmented by applications, bandwidth, component and platform. The report also includes a comprehensive section on geographical analysis, including analysis of countries from 15 different countries.
Key manufacturers of software-defined radios are constantly striving to develop more modern software-defined radios for cost efficiency and increased durability. This report is a thorough compilation of research on more than 70 players in the software-defined radio system and is based on insights from in-depth interviews with key opinion leaders of more than 10 leading companies, market participants and suppliers. The report also profiles about 15 companies, including Harris Corporation, Raytheon, Inc. and BAE Systems, among others.
Key questions answered in the report:
- How much revenue did the market generate in 2018 and how is it expected to grow in the forecast period from 2019 to 2024?
- What are the main drivers, challenges and opportunities that tend to affect the demand for a software-defined radio market during the forecast period?
- What are the new strategies adopted by market participants to celebrate in the industry?
- How much revenue is expected to be generated by the segments of the global software defined radio (SDR) market in the forecast period from 2019 to 2024 based on –
- Platform, including land, air, naval and space.
- Frequency range, including high frequency, very high frequency, ultrahigh frequency, super high frequency and others
- Component, including transmitter and receiver, software and ancillary systems
- Application, including defense and space and commercial
- Region, inclusive North America,, Europe,, Asia-Pacific region, and Rest of the World (ROW)
- Who are the key players in the software-defined radio market?
- What is the competitive strength of the leading players in the market?
- What is the contribution of the revenue share of key market players in the market?
- What is the positioning of the key players in the global software-defined radio market?
About BIS Research:
BIS Research is a global B2B market intelligence and consulting firm focused on those emerging technology trends that are likely to disrupt market dynamics.
With more than 150 market research reports published annually, BIS Research focuses on high-tech verticals such as 3D printing, advanced materials and chemicals, the aerospace and defense industries, the automotive industry, healthcare, electronics and semiconductors, robotics and UAVs, and other emerging technologies.
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