Software Defined Radio Market growth driver analysis 2022 - 2030.

The global software defined radio market size is anticipated to reach USD 47.74 billion by 2030, registering an estimated CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Software defined radio (SDR) is a technology that aids in the transmission and reception of high-frequency signals over long distances. It offers benefits while resolving spectrum and wireless communication restrictions. Furthermore, the technology has progressed to the point that software defined radio systems with large bandwidth applications that provide high-quality services are now possible. Countries with a significant modern military presence like the U.S., Japan, Germany, South Korea, and Australia are upgrading their communication systems by integrating software defined radio as the new norm.

Software Defined Radio Market Segmentation

Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, platform, end-use, and region:

Based on the Type Insights, the market is segmented into General Purpose Radio, Joint Tactical Radio System, Cognitive Radio and TETRA

·       The Joint Tactical Radio System segment accounted for the largest revenue share of 33.62% in 2021 and is likely to dominate the market over the forecast period.

·       This growth is attributed to incorporating multi-band/multi-mode pre-emptive radio sets that give the warfighter simultaneous speech and data communication capabilities.

·       The Terrestrial trunked radio (TETRA) segment is projected to grow at a significant CAGR of 10.6% from 2022 to 2030.

Based on the Component Insights, the market is segmented into Hardware, Software and Service.

·       The hardware segment accounted for the largest revenue share of 41.74% in 2021 and is likely to dominate the market over the forecast period.

·       The service component market is likely to rise significantly with a CAGR of 8.7% during the forecast period. This growth can be attributed to a prominent increased utilisation in commercial applications.

Based on the Platform Insights, the market is segmented into Ground, Naval, Airborne and Space.

·       The Ground-based SDR systems accounted for the largest revenue share of 28.66% in 2021. This recorded growth is due to a wide range of tactical military communications systems in the space and defense sectors.

·       The airborne segment is likely to rise significantly with a CAGR of 9.0% during the forecast period.

Based on the Frequency BandInsights, the market is segmented into HF Band, VHF Band, UHF Band and Others.

·       The high-frequency segment accounted for the largest revenue share of 31.62% in 2021. With the support of IP networks, high-frequency SDR systems are employed for tactical communication.

·       The ultra-high frequency market is likely to rise significantly with a CAGR of 9.2% during the forecast period. The potential growth in this segment can be attributed to Commercial applications such as cellular systems and 5G networks using Ultra High Frequency (UHF) bands.

Based on the End-useInsights, the market is segmented into Aerospace & Defense, Telecommunication, Public Safety, Commercial and Others.

·       The aerospace and defense segment accounted for the largest revenue share of 24.57% in 2021. Because of its broad functional scope, SDR is widely employed in the defense industry.

·       The commercial segment is expected to develop at the fastest rate throughout the projected period, with a CAGR of 9.4%. This growth is because of the increased usage of SDR across industries, including automotive and transportation.

Software Defined RadioRegional Outlook

·       North America

·       Europe

·       Asia Pacific

·       Latin America

·       MEA

Key Companies Profile& Market Share Insights

Product launches, acquisitions, mergers, and collaborations are some of the company expansion tactics used by significant companies.

Some prominent players in the Software Defined Radio market include

·       Collins Aerospace Systems

·       Harris Corporation

·       Elbit Systems Ltd.

·       L3 Technologies, Inc.

·       BAE Systems

·       Huawei Technologies Co., Ltd.

·       Datasoft Corporation

·       Raytheon Company

·       Northrop Grumman Corporation.

Order a free sample PDF of the Software Defined Radio Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Medical Device Validation & Verification Market Outlook Till, 2020-2027

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. Download Free Sample -  https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services. North America dominated the global medical device validation and verificat...
Read more

Athleisure Market Product Estimates & Strategy Framework To 2022 - 2030.

The global  athleisure market  size is expected to reach USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2022 to 2030. Athleisure is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and health-conscious consumers engaging in more athletic activities and requiring performance clothing for these activities. True Fit's Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84 percent since the pandemic began; sales of women's athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men's athleisure wear sales increased by 20% from the previous year. Target's activewear line, All ...
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report first...
Read more