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The global software defined radio market was valued at US$ 27.4 Billion in 2020.
We expect the global software defined radio market to grow at a CAGR of 8.7% during 2021-2026.
Continuous upgradation of military infrastructures, along with the increasing demand for enhanced situational awareness in numerous defense-based applications, is currently driving the global software defined radio market.
Sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of SDR software, along with Network Function Virtualization (NFV) to improve connectivity in remote working setup.
Based on the type, the global software defined radio market has been divided into joint tactical radio system (JTRS), cognitive radio, general purpose radio, terrestrial trunked radio (TETRA), and others. Currently, joint tactical radio system (JTRS) holds the majority of the total market share.
Based on the platform, the global software defined radio market can be segregated into land, airborne, naval, and space. Among these, land represents the largest segment.
Based on the application, the global software defined radio market has been bifurcated into aerospace and defense, commercial, telecommunication, and others. Among these, the aerospace and defense sector exhibits a clear dominance in the market.
Based on the frequency band, the global software defined radio market can be categorized into high frequency, very high frequency, ultra-high frequency, and others. Currently, high frequency band accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global software defined radio market include 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, etc.
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