Grand View Research, Inc. – Market Research And ConsultingThe software defined radio market has been segmented into hardware, software, and service. Hardware maintains a lead position in the market and accounted for the largest revenue share in 2018 owing to rising popularity of portable SDR.
The global software defined radio (SDR) market size is expected to reach USD 33.5 billion by 2025, expanding at a CAGR of 8.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Software defined radio continues to evolve technologically as it helps in transmission and reception of long-range signals with high frequency. It provides several advantages while also addressing issues pertaining to limitations of spectrum and wireless communications. Besides this, technologies have matured to now enable SDR implementations with wide bandwidth applications and deliver high quality service. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia, with a focus on enhancing their communication systems, are expected to drive demand for SDR over the forecast period.
It is projected that SDR architectures will work as a base technology for delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms, namely modulation & flexible frequency range and waveform & agile frequency range. The former is implemented commonly since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are usually implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide a lucrative opportunity to market players.
Rising demand for efficient transmission devices influences SDR applications. The commercial growth of the SDR market is driven by the re-configurability and interoperability of SDR for different applications. The projection for the Europe market is high since it is primarily driven by the growing need for data centers to fix issues pertaining to data flow. The market is flourishing due to growth in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players over the course of the forecast period.
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Further key findings from the report suggest:
By type, the cognitive radio segment is projected to register the fastest growth as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
On the basis of component, the software segment is expected to grow at the highest CAGR over the forecast period. A major driving factor is the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
The commercial application segment is anticipated to register the fastest growth through 2025 owing to adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
The Asia Pacific market is anticipated to register the highest CAGR over the forecast period thanks to the adoption of SDRs by government agencies for development of communication networks, such as the Government Radio Network (GRN) by the Chinese government in the city of Beijing
Some of the key players in the software defined radio (SDR) market are Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.
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Grand View Research has segmented the software defined radio (SDR) market based on type, component, application, and region:
Software Defined Radio (SDR) Type Outlook (Revenue, USD Billion, 2014 - 2025)
General Purpose Radio
Joint Tactical Radio System
Software Defined Radio (SDR) Component Outlook (Revenue, USD Billion, 2014 - 2025)
Software Defined Radio (SDR) Application Outlook (Revenue, USD Billion, 2014 - 2025)
Aerospace & Defense
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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