What Is The Current and Historic Market Size Analysis Of The Software Defined Radio Market?
The software defined radio market has seen considerable growth due to a variety of factors.
• In the last few years, we’ve seen significant expansion in the software-defined radio market size. It's predicted to rise from $23.35 billion in 2024 to $24.84 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.4%.
The growth seen over the historic period is due to factors such as progress in digital signal processing technologies, expansion of wireless communication standards, the need for adaptable and reconfigurable radio systems, advancements in software-defined radio (SDR) hardware, and an increased usage in military and defense applications.
What Are The Predictions for The Software Defined Radio Market Size In The Coming Years?
The software defined radio market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the size of the software-defined radio market is anticipated to experience rapid expansion, and is predicted to reach $36.58 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%.
This growth during the forecast period can be ascribed to factors like the adoption of 5G and beyond technology, the incorporation of artificial intelligence in SDR, increasing usage in public safety and emergency communication, and the extension of SDR in IoT devices. Priorities on spectrum efficiency and dynamic spectrum access also contribute. Noteworthy trends during the forecast period include software-defined radio's use in cognitive radio networks, open-source software development specific to SDR, implementation of SDR in satellite communication systems, and the creation of portable and handheld SDR solutions along with the integration of SDR with edge computing for reduced latency.
Which Key Drivers Are Propelling The Software Defined Radio Market's Growth?
The software-defined radio market is predicted to be energized by the escalating defense expenditure aimed at enhancing defense communication systems. Technological advances in the military sector, such as improved data transmission capability, voice clarity, and data transmission precision systems, equip soldiers with strategic advantages in wartime. These sophisticated communication tools contribute to the safeguarding of classified data across the defense industry. With the intensification of cross-border conflicts and terrorism, spending on defense communication is on the rise. This trend could possibly heighten the adoption of advanced communication systems for improved security and safety. To illustrate, in May 2024, the UK Parliament recorded that the country's defense expenditure in fiscal year 2023/24 was at £54.2 billion. This figure is anticipated to climb to £57.1 billion in 2024/25, corresponding to a 4.5% increase in actual terms. Consequently, the surge in defense investment into communication systems will be a key driver for the expansion of the software-defined radio market.
What Are The Key Segments Within The Global Software Defined Radio Market?
The software defined radio market covered in this report is segmented –
1) By Type: Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunked Radio (TETRA), Other Types
2) By Component: Hardware, Software, Service
3) By Platform: Airborne, Naval, Land, Space
4) By Frequency Band: High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Other Bands
5) By End-Users: Aerospace And Defense, Telecommunication, Public Safety, Commercial, Other End-Users
Subsegments:
1) By Joint Tactical Radio System (JTRS): Handheld Radios, Vehicular Radios, Base Station Radios
2) By Cognitive Radio: Spectrum Sensing, Dynamic Spectrum Access, Network Management
3) By General Purpose Radio: VHF Radio, UHF Radio, HF Radio
4) By Terrestrial Trunked Radio (TETRA): Mobile TETRA Radios, Portable TETRA Radios, Infrastructure Equipment
5) By Other Types: Satellite Radios, Mesh Network Radios, Commercial Off-The-Shelf (COTS) Radios
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How Are New Trends Impacting The Size Of The Software Defined Radio Market?
The software-defined radio market is increasingly benefiting from technological advancement which is becoming a significant trend. There have been significant enhancements in the technology and hardware advancements have contributed to a reduction in cost and increased performance. This technology provides substantial advantages over traditional hardware-based radio designs and has a wide range of applications requiring software-defined radio processing. Major players in the market are working on developing innovative technologies to ensure effortless communication. Elta Systems, an Israeli aerospace and defense company, for instance, released the ARC 840 SDR – Network Centric Operations (SDR-NCO) airborne communication system in March 2023. Conforming with the latest US Joint Tactical Networking Centre's SCA 4.1 standard, this software-defined radio supports voice, video, and data communication across VHF, UHF, and L-band ranges. The ARC 840 ensures interoperability with different military and commercial radios, improving communication between air, ground, and sea forces. It has a modular design featuring two interchangeable RF modules, making it customizable to suit different mission needs. Additionally, it incorporates transmission and communication security features, such as frequency hopping and low probability of intercept techniques to secure communications.
Who Are the Key Players in the Software Defined Radio Market?
Major companies operating in the software defined radio market include:
• Elbit Systems Ltd.
• L3Harris Technologies Inc.
• BAE Systems plc
• General Dynamics Corporation
• Leonardo S. p. A.
• Aselsan A. S.
• Bharat Electronics Limited
• Cobham plc
• Collins Aerospace
• Curtiss-Wright Corporation
• Data Link Solutions LLC
• Epiq Solutions
• FlexRadio Systems
• Giga-tronics Inc.
• L3Harris Technologies Inc.
• Huawei Technologies Co. Ltd.
• Indra Sistemas S. A.
• Israel Aerospace Industries Ltd.
• LIG Nex1 Co. Ltd.
• Microtelecom S. r. l.
• NXP Semiconductors N. V.
• Pentek Inc.
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• Rockwell Collins Inc.
• Rohde & Schwarz GmbH & Co. KG
• Rolta India Limited.
• SDRplay Limited.
• Signal Hound
• Silvus Technologies Inc.
• Thales Group
• Ultra Electronics Holdings
• VectorNav Technologies
• ViaSat Inc.
• Wind River Systems Inc.
What are the Regional Insights into the Software Defined Radio Market?
North America was the largest region in the modular data center market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
