FACTS AT A GLANCE
Edition: 17; Released: January 2022
Executive Pool: 8838
Companies: 92 – Players covered include BAE Systems PLC; Bharat Electronics Limited; Collins Aerospace; Datasoft Corporation; Elbit Systems Ltd.; Epiq Solutions, LLC; Ettus Research; FlexRadio Systems, Inc.; L3Harris Technologies, Inc.; Microtelecom Srl; Northrop Grumman Corporation; Rohde & Schwarz GmbH & Co KG; SDRplay; Signalscape, Inc.; Thales Defense & Security, Inc.; ViaSat, Inc. and Others.
Coverage: All major geography and key segments
Segments: Component (Receiver, Transmitter, Other Hardware, Software, Services); Application (Aerospace & Defense, Telecommunication, Public Safety, Commercial, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Israel; Saudi Arabia; Rest of Middle East; Africa.
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Global Software Defined Radio (SDR) Market to Reach US$33.2 Billion by the Year 2026
SDR represents a type of sophisticated radio communication that relies on software on personal computer or embedded systems rather than hardware components. Growth in the global market is impacted by factors such as spending on military communication systems, adoption of car radios, proliferation of connected devices and investments in wireless technology. The rising use of digital servers favors adoption of SDRs globally, with commercial use, military and public safety being the main applications of these systems. SDR demand is also propelled by their advanced functionality, the ability to improve efficiency and reduce costs, ongoing digitalization and favorable regulations. SDRs are commonly used in space communication to improve satellite performance and precisely support multiple frequency bands. SDR architectures are anticipated to play an important role in provisioning of specific telecommunications services including radio broadcasts, digital TV and video streaming. The commercial and technical viability of SDR technology is also pushed by emerging technologies like smart antennas, software, networking, signal processing, semiconductors, and batteries.
Amid the COVID-19 crisis, the global market for Software Defined Radio (SDR) estimated at US$21.6 Billion in the year 2020, is projected to reach a revised size of US$33.2 Billion by 2026, growing at a CAGR of 7.2% over the analysis period. Receiver, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$5.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transmitter segment is readjusted to a revised 6% CAGR for the next 7-year period. This segment currently accounts for a 14.5% share of the global Software Defined Radio (SDR) market. SDR receiver converts complex signal handling required for communications transmitters and receivers into the digital style. Transmitters are commonly used for producing and transmitting electromagnetic waves intended to carry message and signals. These components allow broadcasting of significant data volumes over long distances through frequency modulation.
The US Market is Estimated at $12.1 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The Software Defined Radio (SDR) market in the US is estimated at US$12.1 Billion in the year 2021. The country currently accounts for a 52% share in the global market. Chinathe world’s second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2026 trailing a CAGR of 9.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR while Rest of European market (as defined in the study) will reach US$2.9 Billion by the end of the analysis period. North America and Europe remain at the forefront of the global SDR market due to factors such as military spending levels, technological advancements and the presence of leading players. The US market is driven by the Joint Tactical Networking Center (JTNC) program intended to offer technical support to wireless communication systems for the US Department of Defense. The European market is anticipated to witness lucrative growth opportunities over the coming years on account of ongoing developments related to AI for military operations and advances in the field of cognitive radios. Growth in the Asia-Pacific region is being driven by increasing defense spending across developing countries including India and China.
Software Segment to Reach $13 Billion by 2026
The software component is estimated to register a notable growth due to increasing demand from commercial applications. In addition to defining functions and specifications, the software offers enhanced flexibility to balance network load and eliminate capacity bottlenecks to support packet-switched core backhaul. The increasing use in various applications such as GPS, remote radio monitoring, text messaging, data information, and voice access is expected to boost the demand for advanced software. In the global Software (Component) segment, USA, Canada, Japan, China and Europe will drive the 8.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.2 Billion in the year 2020 will reach a projected size of US$12.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, Indiaand South Koreathe market in Asia-Pacific is forecast to reach US$330.8 Million by the year 2026, while Latin America will expand at a 6.6% CAGR through the analysis period. More
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