The latest report by IMARC Group, titled “Software Defined Radio Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ offers a comprehensive analysis of the industry, which comprises insights on the global software defined radio market trends. The global software defined radio market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

Software defined radio (SDR) is a radio communication tool that utilizes software installed in a desktop computer to perform signal-processing tasks. It consists of a transmitter, software application, receiver, and numerous auxiliary systems that perform the functions of filters, mixers, amplifiers, modulators/demodulators, and detectors. In addition, it provides a broad frequency range and can be programmed to operate at a specific frequency within that range. Moreover, it offers the advantage of re-configuration, allowing multiple radios to be replaced by a single unit, providing users with enhanced flexibility, cost-effectiveness, and interoperability. As a result, SDRs are widely adopted in numerous industrial verticals, including transportation, aerospace, defense, telecommunication, and commercial sectors across the globe.

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Software Defined Radio Market Trends and Drivers:

The market is primarily driven by the rising demand for advanced communications systems. Additionally, the increasing use of SDR in defense applications to enhance defense communication systems without hardware constraints is contributing to market growth. In line with this, the increasing demand for military modernization and the surging need for miniaturization and weight reduction in military aircraft resulted in the extensive SDR demand compatible with small spaces that can be easily installed, which is influencing the market growth. Moreover, the widespread adoption of SDR technology in several industrial applications, including transportation, public safety, satellite communication, and transportation, is accelerating the product adoption rate. Besides this, the increasing application of SDR technology in homeland security, law enforcement, traffic monitoring, and emergency communications represents another major growth-inducing factor. Along with this, SDR provides numerous advantages, such as low-cost, high-power capabilities, and compact size. Moreover, significant expansion in the telecommunication industry due to the growing demand for wireless communication sites such as data centers, cell towers, offices, and Wi-Fi hot spots is propelling the market growth. Additionally, SDR delivers telecommunication services, including radio broadcasts, video streaming channels, and digital television (TV), providing a positive thrust to market growth. Apart from this, network operators are leveraging SDR software and network function virtualization (NFV) to enhance connectivity solutions, meeting the demand for stable connections and higher data speeds are driving the market growth. Moreover, the Software defined radio market is growing at different rates in numerous regions, with North America being one of the largest markets due to the widespread adoption of advanced technologies, extensive military expenses, and the presence of key market players across the region. In addition, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in November 2020, Elbit Systems Ltd. announced that it had received a contract to supply the Spanish army’s combat battalion level with an E-LynXTM SDR solution. Furthermore, the shift from analog to digital SDR, extensive research and development (R&D) activities conducted by leading market players, and the incorporation of the Internet of Things (IoT) with wireless devices are further creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Joint Tactical Radio System (JTRS)
• Cognitive Radio
• General Purpose Radio
• Terrestrial Trunked Radio (TETRA)
• Others

Breakup by Application:

• Aerospace and Defense
• Commercial
• Telecommunication
• Others

Breakup by Component:

• Transmitter
• Receiver
• Auxiliary System
• Software

Breakup by Platform:

• Land
• Airborne
• Naval
• Space

Breakup by Frequency Band:

• High Frequency
• Very High Frequency
• Ultra-High Frequency
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Competitive Landscape with Key Players:

• Aselsan A.S.
• BAE Systems
• Elbit Systems Ltd.
• General Dynamics Corporation
• Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
• L3harris Technologies Inc.
• Leonardo S.p.A.
• Northrop Grumman Corporation
• Rohde & Schwarz GmbH & Co. KG
• Thales Group
• ZTE Corporation

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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