Software Defined Radio Market worth 30.00 Billion USD by 2022
Added: (Mon Jun 17 2019)
Pressbox (Press Release) -
According to the market research report "Software Defined Radio Market by Application (Defense, Commercial), Component (Software, Transmitter, Receiver, Auxiliary System), Platform (Land, Airborne, Naval, Space), Frequency Band (VHF, UHF, HF), and Region - Global Forecast to 2022", The global software defined radio market is estimated to be USD 19.83 Billion in 2017 and is projected to reach USD 30.00 Billion by 2022, registering a CAGR of 8.63% during the forecast period.
Based on platform, the land segment is estimated to lead the software defined radio market, owing to the predominant use of software defined radios for tactical military communication in the defense sector. Land platforms are incorporating solutions for interoperability, with other service radios. The new generation of software defined radios incorporates wideband networked waveform with the ability to provide mobile networked-connectivity across the battlespace while also providing compatibility with current waveforms used by defense forces worldwide.
The software defined radio market has been segmented and analyzed on the basis of application into defense and commercial. The commercial application segment is expected to register a higher CAGR than the defense segment, due to increasing investments in telecommunication infrastructure. New telecommunication 4G towers are being installed which use technologies such as the cognitive radio for communication purposes.
The software defined radio market has been segmented and analyzed on the basis of component into software, transmitter, receiver, and auxiliary system. The software component segment is estimated to witness the highest growth rate due to the requirement for new upgrades in software defined radios. An upgrade makes them compatible with new waveforms without the requirement for new hardware.
The software defined radio market is segmented on the basis of frequency band into VHF, UHF, HF, and other bands. The UHF band segment is estimated to register the highest growth rate owing to the growing use of this frequency band for telecommunication in commercial applications. This band is also used for communication in transportation applications, such as civilian air traffic controls and intelligent transportation systems.
The software defined market in Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022. Countries in this region, such as China, India, South Korea, and Japan, are increasingly investing in the enhancement of their tactical communication capabilities. Asia Pacific is also experiencing high adoption rate of 4G networks, with the region witnessing the large-scale installation of new 4G towers and upgradation of older towers to support high-speed 4G LTE networks.
Major players in the defense software defined radio market include Harris Corporation (US), Northrop Grumman (US), BAE Systems (UK), Thales (France), Rockwell Collins (US), General Dynamics (US), Elbit Systems (Israel), Leonardo (Italy), ASELSAN (Turkey), and Rohde & Schwarz (Germany). Other commercial players in the software defined radio market include ZTE Corporation (China), Huawei (China), and National Instruments (US).