How has the Software Defined Radio Market Size Evolved and What’s Expected Ahead?
The software defined radio market size has exhibited strong growth in recent years. It was valued at $23.35 billion in 2024 and is expected to reach $24.84 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. This growth in the historic period has been fueled by the evolution of digital signal processing technologies, growth in wireless communication standards, demand for flexible and reconfigurable radio systems, advances in software-defined radio (SDR) hardware, and an increase in military and defense applications.
The software defined radio market size is forecasted to grow significantly over the next few years, reaching $36.58 billion in 2029 at a CAGR of 10.2%. Factors expected to contribute to this growth include the adoption of 5g technology and beyond, integration of artificial intelligence in SDR, increased use in public safety and emergency communication, expansion of SDR in internet of things (IoT) devices, and emphasis on spectrum efficiency and dynamic spectrum access.
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What are the Key Drivers Propelling the Software Defined Radio Market Growth?
The rising defense spending to upgrade defense communication systems is a significant factor driving the software-defined radio market. These advanced communication systems offer work advantages in wartime by enhancing data transmission capability, voice clarity, and data transmission accuracy. Furthermore, increased investments in defense communication due to prevalent cross-border disputes and terrorism are likely to augment the use of advanced communication systems for heightened security and safety. For instance, the UK’s defense spending was £54.2 billion in the 2023/24 financial year and is projected to increase to £57.1 billion in 2024/25. Therefore, the surge in defense spending on defense communications systems will drive the software-defined radio market growth.
What are the Major Segments in the Software Defined Radio Market?
The software defined radio market covers these segments:
1) By Type: Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunked Radio (TETRA), Other Types
2) By Component: Hardware, Software, Service
3) By Platform: Airborne, Naval, Land, Space
4) By Frequency Band: High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Other Bands
5) By End-Users: Aerospace And Defense, Telecommunication, Public Safety, Commercial, Other End-Users
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Who are the Major Players in the Software Defined Radio Market?
Major companies operating in the software-defined radio market include Elbit Systems Ltd., L3Harris Technologies Inc., BAE Systems plc, General Dynamics Corporation, Leonardo S. p. A., Aselsan A. S., Bharat Electronics Limited, Cobham plc, Collins Aerospace, Curtiss-Wright Corporation, Data Link Solutions LLC, Epiq Solutions, FlexRadio Systems, Giga-tronics Inc., L3Harris Technologies Inc., Huawei Technologies Co. Ltd., Indra Sistemas S. A., Israel Aerospace Industries Ltd., LIG Nex1 Co. Ltd., Microtelecom S. r. l., NXP Semiconductors N. V., Pentek Inc., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rockwell Collins Inc., Rohde & Schwarz GmbH & Co. KG, Rolta India Limited., SDRplay Limited., Signal Hound, Silvus Technologies Inc., Thales Group, Ultra Electronics Holdings, VectorNav Technologies, ViaSat Inc., Wind River Systems Inc.
What are the Emerging Trends in the Software Defined Radio Market?
Technological advancement is a prominent trend in the software-defined radio market. Hardware advancements in the market have made significant leaps, reducing costs while enhancing performance. Major companies in the market are creating innovative technologies to facilitate smooth communications. For instance, in March 2023, Elta Systems, an Israel-based aerospace and defense company, launched the ARC 840 SDR – Network Centric Operations (SDR-NCO) airborne communication system. The system operates across various frequency bands and includes transmission and communications security features, ensuring secure communications.
Which Region is Taking the Lead in the Software Defined Radio Market?
North America was the largest region in the software-defined radio market in 2024, but Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the software-defined radio market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Software Defined Radio Market Report 2025 Offer?
The software defined radio system uses reconfigurable software-based elements for digital signal processing and conversion. It can tune to any frequency band and supports various wireless technologies as it uses reconfigurable hardware and powerful software. The Software Defined Radio Market research report from The Business Research Company provides insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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