Software Defined Radios Market By End-Use Vertical (Defense, Commercial), By Platform (Land, Airborne, Naval, Space) - Growth, Share, Opportunities & Competitive Analysis, 2018 - 2026

The rising need for seamless and interoperable communication will spur demand for Software Defined Radios (SDR) worldwide.

The global software-defined radios market is expected to reach $43.2 billion by 2026, expanding at a CAGR of 9.2% from 2018 to 2026. With the advent of digital electronics and advances in communication technologies, software-defined radios have evolved to meet the demand for seamless and reliable communication. The impending need for seamless and interoperable communication during mission-critical operations has been identified as the major factor driving demand for software-defined radios globally. Besides offering standard two-way communication, software-defined radios also operate as communication repeaters that allow different wireless devices to communicate with each other and offer secure and low-latency point-to-point wireless links.

Market Synopsis

Defense Segment to Dominate; Commercial Segment to Register Strong Growth

The defense segment, covering software-defined radios used for military and homeland security applications, represents the largest value-contributing end-use segment in the global software-defined market. The value contribution of the defense segment stood at around three-fourths of the global market value in 2017. This dominance is largely credited to the superior benefits offered by these radios over traditional communication devices in terms of size, weight, portability, and interoperable communication—necessary for enhancing situational awareness on the battlefield. Militaries across the globe are spending a substantial amount on state-of-the-art communication equipment, including software-defined radios. On the other hand, demand for software-defined radios in the commercial space is expected to witness an upsurge during the forecast period. The projected growth is expected to come from the telecom sector since these radios are increasingly used at cellular base stations, where standard upgrades and migration to next-generation technologies occur.

North America to Dominate; Asia Pacific to Witness Strong Growth

In terms of value contribution, North America was the largest software-defined radio market worldwide in 2017. The value share of the region stood at 34.3% in the global software-defined radio market for the same year. The military's regulated demand is largely responsible for the country's dominance. On-going investments by the U.S. government in research curriculum that focuses on developing next-generation radios capable of accommodating X-band frequencies are further supporting market growth. The need for interoperable communication among homeland security agencies, including the fire department, police force, and emergency response teams, is also expected to influence demand for software-defined radios in the region. On the other hand, countries in Asia-Pacific, including China, India, and South Korea, are presumed to register strong growth during the forecast period. Consistent increases in defense expenditure and an emphasis on strengthening command and control capabilities through the procurement of state-of-the-art communication systems will drive future prospects in the region.

Naval-based and space-based platforms are slated to yield favorable gains.

Based on the platform, the global software-defined radio market was dominated by the land-based category in 2017. The trend is expected to continue as demand for software-defined radios across land-based platforms will be aided by both fresh installations and continual upgrades of the existing communication infrastructure. Other variants, including naval-based and space-based software-defined radios, are expected to witness strong growth during the forecast from 2018 to 2026. Increasing seawater disputes among several nations have compelled their navies to expand their sea-based intelligence portfolios, boosting market demand in the naval-based segment. The growing use of these radios in satellites and launch vehicles will drive demand for software-defined radios across space-based platforms.

Key Players and Competitive Landscape:

Some of the leading manufacturers profiled in the research study include BAE Systems Plc (UK), Harris Corporation (US), Northrop Grumman (US), Thales SA (France), Rockwell Collins (US), General Dynamics (US), ASELSAN (Turkey), Elbit Systems (Israel), Huawei (China), ZTE Corporation (China), and National Instruments (US).

Periods of History and Forecast

This study offers qualitative and quantitative market data for each segment from 2016 to 2026, considering 2017 as the base year. CAGR (compound annual growth rate) for each segment considered for the forecast period from 2018 to 2026

Report Scope by Segments

The report titled "Software-Defined Radio Market" provides market sizing and estimations based on trends that influence the industry. Key market segments covered in the research study include the following:

Frequently Asked Questions:

The market for Software Defined Radios is expected to reach US$ 43.2 Bn in 2026.

The Software Defined Radios market is expected to see significant CAGR growth over the coming years,at 9.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Competitive Dashboard,Rockwell Collins,Northrop Grumman,General Dynamics,Thales SA are some of the major players in the global market.

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Published Date:  Jun 2018
Category:  Aerospace & defense
Report ID:   59197
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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