Software Defined Radio Market Size Is Expected To Reach USD 2.57 Billion By 2030

 San Francisco, 1 April 2024: The Report Software Defined Radio Market Size, Share & Trends Analysis Report By Type (General Purpose Radio, TETRA), By Component, By Frequency Band, By Platform, By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global software defined radio market size is expected to reach USD 49.13 billion by 2030, registering a CAGR of 8.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing substantial growth primarily owing to its inherent advantages in flexibility and adaptability. The ability to reconfigure radio functionality through software updates rather than hardware modifications makes software defined radio (SDR) highly attractive in dynamic industries, including telecommunications and defense. The surge in demand for advanced wireless communication systems, coupled with the increasing prevalence of 5G technology, contributes significantly to market’s expansion.

The escalating demand for software defined radio across diverse industries underwent a paradigm shift in wireless communication technologies. The software defined radio’s adaptability and versatility have positioned it as a key enabler in meeting the evolving requirements of these sectors. In defense applications, software defined radio plays a pivotal role in ensuring secure, dependable, and interoperable communication. The dynamic nature of modern warfare demands flexible communication systems that can quickly adapt to changing conditions. The software defined radio’s capability to reconfigure and upgrade software functionalities without requiring hardware modifications aligns perfectly with the defense sector’s need for rapid, agile communication solutions. This not only enhances operational efficiency but also provides a strategic edge in the increasingly complex and unpredictable defense.

The adoption of digital radio has ushered in a new era of advanced capabilities, prominently characterized by increased efficiency and cost-effectiveness across various industries. This transformation is particularly noteworthy in comparison to traditional analog radio systems, showcasing a paradigm shift in communication technology. Digital radio excels in efficiency owing to its ability to transmit and receive signals with greater clarity and reliability. Unlike analog signals, which are susceptible to interference and signal degradation, digital radio utilizes advanced modulation techniques that enhance the quality of communication. This translates into improved voice clarity, reduced noise, and an overall enhanced user experience. Moreover, digital radio systems are inherently more spectrally efficient than their analog counterparts. The utilization of digital modulation schemes allows for the transmission of a higher volume of information within the same bandwidth. This increased spectral efficiency is pivotal in addressing the growing demand for wireless communication, enabling more users and devices to operate without compromising performance.

Access Research Report of Software Defined Radio Market @ https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Software Defined Radio Market Report Highlights

• The general-purpose radio segment is expected to witness substantial CAGR over the forecast period. This flexibility is particularly valuable in applications where multiple communication standards need to be supported
• The hardware segment is further categorized as Antenna, Transmitter, Receivers, among others. This growth is attributed owing to the convergence of analog and digital technologies on a single chip, a development that significantly influences the reduction in both weight and size
• High-frequency software defined radio are equipped with IP networks for tactical communication. IP systems offer advantages, including lower transaction costs and better end-use experience, which provide a significant boost in demand for next-generation IP systems with integrated software defined radio systems
• The increasing number of space projects in the communication sector and the growing utilization of software defined radio (SDR) technology have been the driving forces behind the development of the new space communications architecture
• The flexibility of software defined radio technology enables the integration of multiple communication standards and protocols onto a unified platform, enabling the development and deployment of telecommunication systems. The telecommunications industry is constantly evolving with new standards and technologies emerging frequently
• The defense sector in North America has incorporated software-defined radio systems extensively, which are driven by research initiatives and efforts to unify communication systems within state and federal agencies. This adoption is particularly prominent owing to the versatile nature of software-defined radio, facilitating seamless integration and interoperability across various defense applications
• In November 2023, Anaren Inc., announced the opening of a new manufacturing facility in New York State. The project reflects their support for fostering a microelectronics ecosystem in New York and throughout the U.S. defense and aerospace industry. The proposed facility is a major player in the domestic microelectronics ecosystem, which is larger than RF microwave and microelectronics facility in Syracuse

Software Defined Radio Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 27.66 billion
Revenue forecast in 2030	USD 49.13 billion
Growth rate	CAGR of 8.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2022
Forecast period	2023 - 2030

List of Key Players in the Software Defined Radio Market

• Analog Devices Inc.
• Anaren Inc.
• BAE Systems plc.
• Collins Aerospace Systems
• Data Device Corporation
• DataSoft
• Elbit Systems Ltd.
• Huawei Technologies Co. Ltd.
• Indra Sistemas S.A.
• L3Harris Technologies Inc.
• Microchip Technology Inc.
• Northrop Grumman Corporation
• RTX Corporation
• Renesas Electronics Corporation
• STMicroelectronics N.V.
• Texas Instruments Incorporated

Access Press Release of Software Defined Radio Market @ https://www.grandviewresearch.com/press-release/global-software-defined-radio-sdr-market