According to a new report Global Software Defined Radio (SDR) Market, published by KBV Research, The Global Software Defined Radio (SDR) Market size is expected to reach $34.6 billion by 2025, rising at a market growth of 9.3% CAGR during the forecast period. The increasing innovations and advancements in radio communication systems have given rise to software-defined radios that have provided relevant information about the battlefield to the military forces significantly. The software-defined radios are the ones in which all the functions of the physical layer are software-defined, as stated by the International Telecommunication Union (ITU).
In 2018 the market was dominated by the JTRS segment. The technology is primarily used in the defense forces as it includes pre-emptive multi-mode/multi-band radio sets that allow the warfighter to communicate voice and data simultaneously. An open system architecture that is based on the Software Communications Architecture 4.0 (SCA) is an essential component of JTRS.
Hardware maintains a dominant market position and accounted for the largest share of revenue in 2018 due to the increasing popularity of portable SDRs. Hardware segment growth can be associated with the convergence of analog and digital single-chip technology, which is a major factor leading to weight and size reduction. Software components are anticipated to form as the fastest growing segment over the forecast period because of their progressive use in commercial applications.
Due to greater functional scope, software defined radio manages to find major applications in the defense industry. The device provides high adaptability, interoperability, accuracy, clarity, and speed. Falcon Radios, a leading player, allows for wider implementation for the defense sector of SDR devices backed up with SCA 4.0. Countries have recently started focusing on increasing their defense expenditure, which is a major factor attributable to the aerospace and defense segment's development.
North America accounted for the largest share of the regional market that can be attributed to the JTNC program, formerly known as JTRS. The Asia Pacific region is expected to evolve as the fastest growing regional market over the forecast period, due to factors such as increasing terrorism in Southeast Asian countries and technological advancements related to South Korea's tactical communication programs.
Structural Insights: https://www.kbvresearch.com/software-defined-radio-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Analog Devices, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), L3Harris Technologies, Inc., Elbit Systems Ltd., BAE Systems PLC, United Technologies Corporation (Rockwell Collins, Inc.), Thales Group S.A., Leonardo SpA, National Instruments Corporation, General Dynamics Corporation, and Rohde & Schwarz GmbH & Co. KG.
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