Software Defined Radio Market Size Share m

      Software Defined Radio Market
Size, Share, Developments, And Outlook 

Overview

The global software
defined radio market is expected to reach a value of USD 28,241.4 million by
2023 at a CAGR of 8.34% during the forecast period of 2018 to 2023. A software
defined radio is a type of radio transmission system where the transmission of
data or information is carried out using the software on an embedded system or
personal computer.

Segmental Analysis

The global software defined radio market has been segmented
on the basis of component, frequency band, platform, and application.

Based on component,
the global software defined radio market has been divided into transmitter,
receiver, software, and auxiliary system. The transmitter segment is expected
to dominate the market with a valuation of USD 11,344.3 million in 2018 and
reach USD 17,678.9 million by 2023. This growth can be attributed to the use of
transmitters to generate and transmit electromagnetic waves carrying signals or
messages. They also enable the broadcasting of large amounts of data over long
distances by modulating the frequency. The receiver segment is expected to
register a CAGR of 5.29% during the forecast period.

The global software
defined radio market has been classified, by frequency band, as HF, VHF, and
UHF. The HF segment is expected to be the largest, with a value of USD 12,407.9
million in 2018; the segment is projected to reach USD 18,232.5 million by
2023. High-frequency software defined radios offer greater bandwidth and easy
data transfer. Additionally, they offer enhanced signal quality. The UHF segment is
expected to register the highest CAGR of 9.13% during the forecast period.

Based on platform,
the global software defined radio market has been segmented into land,
airborne, naval, and space. The land segment is expected to lead with a value
of USD 9,764.9 million in 2018 and reach USD 15,213.2 million by 2023 at a CAGR
of 9.27%. Software defined radios offer various features such as two-way
communication and multifunctionality, enabling various wireless devices to
communicate with one another. These features offer armies or land forces secure
communication and data transfer. The airborne segment is expected to register a
CAGR of 7.94% during the forecast period.

The global software defined radio market has been
categorized, by application, as defense and commercial. The defense segment is
expected to be larger, with a value of USD 14,858.8 million in 2018; the
segment is projected to reach USD 22,988.5 million by 2023. The growth of the
defense segment can be attributed to the increasing defense expenditure in
various countries and rising adoption of software defined radios by defense
organizations. The commercial segment is expected to exhibit a CAGR of 5.29%
during the forecast period.

Regional Analysis

The global software
defined radio market has been studied for five key regions—North America,
Europe, Asia-Pacific, the Middle East, and Latin America.

North America is
expected to lead the market with a valuation of USD 6,944.7 million in 2018 and
the regional market is expected to reach USD 10,460.6 million by 2023 at CAGR
of 8.54% during the forecast period. This growth can be attributed to the
large-scale investments in advanced military equipment by the US Department of
Defense.

Europe is expected
to be the second-largest market with a valuation of USD 5,068.7 million in 2018
and the regional market is projected to reach USD 7,079.7 million by 2023 at a
6.91% CAGR during the forecast period. The increasing adoption of software
defined radios by government agencies is propelling the growth of the European
market.

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Competitive
Analysis

The key players in
the global software defined radio market include BAE Systems (UK), Elbit
Systems (US), General Dynamics (US), Harris Corporation (US), Leonardo (Italy),
Northrop Grumman Corporation (US), Collins Aerospace (US), Rohde & Schwarz
(Germany), Thales Group (France), and Viasat, Inc. (US).

Key Developments

In March 2018,
Harris Corporation introduced its new AN/PRC-163, a lightweight, two-channel,
software defined radio capable of simultaneous voice and data transmission for
the US Department of Defense.

In April 2018,
Collins Aerospace selected Nutaq's PicoSDR 2×2 as a development and prototyping
platform for its software defined radio research.

In July 2017, Rohde
& Schwarz signed a contract with the German Federal Ministry of Defense to
equip German armed forces command vehicles with the SVFuA joint radio system.

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