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Software Defined Radio (SDR) - Global Market Trajectory & Analytics

  • ID: 2255358
  • Report
  • February 2022
  • Region: Global
  • 610 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • BAE Systems PLC
  • Collins Aerospace
  • Datasoft Corporation
  • Elbit Systems Ltd.
  • Epiq Solutions, LLC
  • Ettus Research

Global Software Defined Radio (SDR) Market to Reach US$33.2 Billion by the Year 2026


SDR represents a type of sophisticated radio communication that relies on software on personal computer or embedded systems rather than hardware components. Growth in the global market is impacted by factors such as spending on military communication systems, adoption of car radios, proliferation of connected devices and investments in wireless technology. The rising use of digital servers favors adoption of SDRs globally, with commercial use, military and public safety being the main applications of these systems. SDR demand is also propelled by their advanced functionality, ability to improve efficiency and reduce costs, ongoing digitalization and favorable regulations. SDRs are commonly used in space communication to improve satellite performance and precisely support multiple frequency bands. SDR architectures are anticipated to play an important role in provisioning of specific telecommunications services including radio broadcasts, digital TV and video streaming. The commercial and technical viability of SDR technology is also pushed by emerging technologies like smart antennas, software, networking, signal processing, semiconductors, and batteries.

Amid the COVID-19 crisis, the global market for Software Defined Radio (SDR) estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$33.2 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Receiver, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$5.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transmitter segment is readjusted to a revised 6% CAGR for the next 7-year period. This segment currently accounts for a 14.5% share of the global Software Defined Radio (SDR) market. SDR receiver converts complex signal handling required for communications transmitters and receivers into the digital style. Transmitters are commonly used for producing and transmitting electromagnetic waves intended to carry message and signals. These components allow broadcasting of significant data volumes over long distances through frequency modulation.



The U.S. Market is Estimated at $12.1 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026


The Software Defined Radio (SDR) market in the U.S. is estimated at US$12.1 Billion in the year 2021. The country currently accounts for a 52% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2026 trailing a CAGR of 9.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR while Rest of European market (as defined in the study) will reach US$2.9 Billion by the end of the analysis period. North America and Europe remain at the forefront of the global SDR market due to factors such as military spending levels, technological advancements and the presence of leading players. The US market is driven by the Joint Tactical Networking Center (JTNC) program intended to offer technical support to wireless communication systems for the US Department of Defense. The European market is anticipated to witness lucrative growth opportunities over the coming years on account of ongoing developments related to AI for military operations and advances in the field of cognitive radios. Growth in the Asia-Pacific region is being driven by rising increasing defense spending across developing countries including India and China.

Software Segment to Reach $13 Billion by 2026


The software component is estimated to register a notable growth due to increasing demand from commercial applications. In addition to defining functions and specifications, the software offers enhanced flexibility to balance network load and eliminate capacity bottlenecks to support packet-switched core backhaul. The increasing use in various applications such as GPS, remote radio monitoring, text messaging, data information, and voice access is expected to boost the demand for advanced software. In the global Software (Component) segment, USA, Canada, Japan, China and Europe will drive the 8.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.2 Billion in the year 2020 will reach a projected size of US$12.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$330.8 Million by the year 2026, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 92 Featured) -

  • BAE Systems PLC
  • Bharat Electronics Limited
  • Collins Aerospace
  • Datasoft Corporation
  • Elbit Systems Ltd.
  • Epiq Solutions, LLC
  • Ettus Research
  • FlexRadio Systems, Inc.
  • L3Harris Technologies, Inc.
  • Microtelecom Srl
  • Northrop Grumman Corporation
  • Rohde & Schwarz GmbH & Co KG
  • SDRplay
  • Signalscape, Inc.
  • Thales Defense & Security, Inc.
  • ViaSat, Inc.
Frequently Asked Questions about the Global Market for Software Defined Radio (SDR)

What is the estimated value of the Global Market for Software Defined Radio (SDR)?

The Global Market for Software Defined Radio (SDR) was estimated to be valued at $21.6 Billion in 2020.

What is the growth rate of the Global Market for Software Defined Radio (SDR)?

The growth rate of the Global Market for Software Defined Radio (SDR) is 7.4%, with an estimated value of $33.2 Billion by 2026.

What is the forecasted size of the Global Market for Software Defined Radio (SDR)?

The Global Market for Software Defined Radio (SDR) is estimated to be worth $33.2 Billion by 2026.

Who are the key companies in the Global Market for Software Defined Radio (SDR)?

Key companies in the Global Market for Software Defined Radio (SDR) include BAE Systems PLC, Bharat Electronics Limited, Collins Aerospace, Datasoft Corporation, Elbit Systems Ltd., Epiq Solutions, LLC, Ettus Research, FlexRadio Systems, Inc. and Microtelecom Srl.

FEATURED COMPANIES

  • BAE Systems PLC
  • Collins Aerospace
  • Datasoft Corporation
  • Elbit Systems Ltd.
  • Epiq Solutions, LLC
  • Ettus Research

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Software Defined Radio (SDR) – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • The Era of Software Defined Everything (SDx) Has Arrived!
  • Software Gets the Lead Role in Managing Different Kinds of Hardware: Global Market Opportunity for Software-Defined Anything (SDx) (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, What is the Pandemic Prognosis & Where is the World Economy Heading Now & Beyond?
  • As Omicron Strain Fuels Fresh Waves of Infections Across the Globe, Mutating Coronavirus is the New Pandemic Challenge in 2022
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of January 2022
  • At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of January 2022
  • The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
  • Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
  • The Verdict’s Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • Dragging Pandemic, New Virus Strains, Fresh Societal Risks, Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
  • Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Comes Into Play, Lowering Growth Expectations for 2022 & 2023: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Software Defined Radio (SDR): Definition & Importance
  • Market Structure, Dynamics & Outlook
  • Recent Market Activity
  • Innovations
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Robust Defense Spending Unfazed by the Pandemic Provides the Cornerstone for the Growth of Military SDRs
  • Robust Defense Spending Opens Opportunities for SDR in Military Applications: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
  • A Peek Into the Importance of SDR in Military Communications
  • Repeatedly Battered by the Continuing Pandemic, Growth for SDR Dampens in the Commercial Aerospace End-Use Sector
  • Pandemic Impact, Recovery, & Reset for Commercial Aviation
  • Global Airline Industry Market Reset & Trajectory – Market Size Outlook (In US$ Billion) For Years 2018 Through 2022
  • SDR Plays a Vital Role in Ensuring Safety in the Aviation Sector
  • Focus on 5G Development Offers Opportunities for SDR
  • 5G Takes Flight
  • Robust Efforts Directed at Global 5G Infrastructure Development Means More Budgets Will Be Allocated for SDR: Global 5G Infrastructure Spending (In US$ Million) for Years 2019, 2020, 2021 2022 and 2023
  • SDR, Why is it Important for 5G?
  • As the Era of Space Exploration Begins Post Pandemic, SDR Architecture Will be Marked for Next Generation Space Communications
  • Software-Defined-Radio (SDR) Platform to Help Accelerate V2X Deployments
  • Robust Outlook for V2X Bodes Well for SDR Adoption in the Automotive Industry: Global Market for Automotive Vehicle-to-Everything (V2X) (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Here’s How SDR Will Benefit Automotive V2X, Infotainment & Connectivity
  • Wireless Radio Base Stations Evolve Towards SDR Based Architecture
  • Mission Critical Communications in the Field of Public, Industrial & Workplace Safety to Drive Demand for SDR
  • Increasing Adoption of SDR in Telecommunications is Supported by Growing Use of SDR for Remote Spectrum Monitoring/Management & Surveillance and TSCM
  • New Opportunities Emerge in the Form of Derived Technologies like Cognitive Radio
  • Continuous Technology Innovations Will Continue to Sustain Growth in the Market

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

ISRAEL


SAUDI ARABIA


REST OF MIDDLE EAST

AFRICA

  • Software Defined Radio (SDR) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 92

A selection of companies mentioned in this report includes:

  • BAE Systems PLC
  • Bharat Electronics Limited
  • Collins Aerospace
  • Datasoft Corporation
  • Elbit Systems Ltd.
  • Epiq Solutions, LLC
  • Ettus Research
  • FlexRadio Systems, Inc.
  • L3Harris Technologies, Inc.
  • Microtelecom Srl
  • Northrop Grumman Corporation
  • Rohde & Schwarz GmbH & Co KG
  • SDRplay
  • Signalscape, Inc.
  • Thales Defense & Security, Inc.
  • ViaSat, Inc.