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The increasing adoption of SDR in the telecommunication sector and its technological advancements stands as the key factor boosting the global software defined radio industry growth. The introduction of cognitive radio (CR), and smart processing into SDRs, coupled with the rising expenditure on the military and defense sector by various governments will also aid in expansion of the industry.
The current situation of COVID-19 pandemic has left the entire world in a state of panic. The increasing coronavirus cases and the lack of proper healthcare services to aid their needs have put the healthcare sector in major crisis. The governments of various economies have imposed lockdown for a short term in order to get hold of the situation. Owing to this, most businesses are temporarily shut while a few are trying to make ends meet by operating from homes. Fortune Business Insights is providing special reports on different industry affected by the COVID-19 pandemic. These reports are based on analysis of the current situation and their impact on various industry that will help financers accordingly chalk out revenue generating strategies in the coming years.
Rising Adoption by Residential and Industrial Sectors to Bolster Growth
Additionally, the increasing adoption of software defined radio across the industrial, residential, and commercial sectors will further augment the growth of the industry in the coming years. Furthermore, the increasing demand for mission-critical communication will also augment growth.
On the contrary, high power consumption and interoperability of disparate communication technologies may cause hindrance to the industry in the forecast period. Despite this, the growing use of wireless features, and the rising demand for next-generation IP systems are likely to create lucrative growth opportunities for the industry in the coming years.
The global Software Defined Radios industry size was USD 12.45 billion in 2020. The industry is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% in the 2021-2028 period.
The report offers a comprehensive overview of the industry focusing on drivers, restraints, challenges, and upcoming opportunities. It throws light on the key industry developments, current trends, and other interesting insights into the industry. The report further describes the table of segmentation in details and lists the names of the leading segments with attributed factors. The report also throws light on the players operating in the industry and the key strategies adopted by them to gain a competitive edge in the industry.
Worldwide Company List in 2022
List of Companies Profiled in the Report: BAE Systems (The U.K.), Aselsan (Turkey), Elbit Systems (Israel), General Dynamics (the U.S.), Northrop Grumman (The U.S.), Harris Corporation (The U.S.), Rockwell Collins (The U.S.), Thales Group (France), Leonardo (Italy), Rohde and Schwarz (Germany), Others
Detailed Segmentation of the Software Defined Radios Industry
The industry for software defined radios is segmented into application, component, platform, frequency band, type, and geography. Based on application, the industry is bifurcated into commercial, and defense. With respect to component, the industry is grouped into auxillary system, software, receiver, and transmitter. On the basis of platform, the industry is segmented into space, naval, airborne, mobile, fixed, and land. The frequency segment is further categorized into UHF, VHF, HF, and other bands. In terms of type, the industry is classified into terrestrial trunked radio (TETRA), cognitive or intelligent radio, and joint tactical radio system (JTRS).
Asia Pacific to Emerge Dominant Owing to Rising Demand for Advanced Military Equipment
On the basis of geographical segmentation, the largest software defined radio industry share is generated by Asia Pacific owing to the increasing demand for advanced technologies and new product development. This, coupled with the rising demand for advanced military equipment, will help this region continue its dominance the industry in the forecast period. On the other hand, the industry in North America is expected to generate notable revenue on account of the expansion of the telecom industry and the increasing adoption of advanced technological products. Furthermore, the European industry will also gain momentum in the coming years attributing to the presence of major players such as Thales Group, BAE Systems, Leonardo, and others in Italy, France, and the United Kingdom.
Industry Developments
April 2016 – A $12.7 billion contract was awarded to Rockwell Collins by the U.S. Army for supplying software-defined radios for military communication under the Handheld, Manpack, and Small Form Factor (HMS) program.
October 2017 – A $131.9 million contract was awarded to Thales by the Royal Navy (UK) for supporting the communication systems installed on the HMS Queen Elizabeth Class for a period of 7 years.