Software Defined Radio Market Synopsis:

Radio communication systems are evolving with rapid technological advancement in digital electronics. Software-defined radio is one such communication system where components have been implemented by software on computers or embedded systems. This technology is an upgrade to the traditional hardware-based radio communication system. According to the report that has been published by Market Research Future (MRFR), the global software defined radio market is anticipated to expand at a robust CAGR of 11% during the forecast period of 2017-2023.

The paradigm shift towards adoption of software-defined radio (SDR) technology over the tradition hardware-based radio systems is majorly driving the global software defined radio market. The flexibility, cost-efficiency and wide-reaching benefits of software defined radio (SDR) are inducing high demand for this technology in the global market, resulting in the significant growth of the global software defined radio market.

The rapidly increasing application of software-defined radio in public, military and commercial sectors is fueling the expansion of the global market for software defined radio. The analog to digital transformation of various industries is inducing high demand for software-defined radio, which in turn is acting as one of the major driving forces for the growth of the global software defined radio market. The increasing adoption of advanced technology for modernization of multiple military programs is impacting positively on the growth of the global software defined radio market.

Software Defined Radio Market Segmentation:

global software defined radio market has been segmented on the basis of component, platform and frequency band. Based on component, the software defined radio market is segmented into software, transmitter, receiver and auxiliary system. Among these, the software segment is projecting fastest growth in the global software defined radio market owing to the high demand for upgrades in the available software.

Based on platform, the software defined radio market is segmented into land, airborne, naval and space. Based on frequency band, the software defined radio market is segmented into VHF, UHF and HF. Among these, the UHF segment accounts for the largest share in the global market owing to the                                                                                   increased use of UHF for telecommunication in commercial application.

Software Defined Radio Market Regional Analysis:

Geographically the global software defined radio market is segmented into four major regions such as  Europe, Asia Pacific, North America and rest of the world. The software-defined radio market in the North America region is expanding significantly owing to the increased investment for incorporation of sophisticated communication technology in military and defense sector.

The Europe and Asia Pacific regions are projecting noteworthy growth in the global software defined radio market owing to the increasing demand for software-defined radio systems in aerospace and military and defense industry.

Software Defined Radio Market Competitive Analysis:

The players in the global software defined radio market are focusing on business expansion by increasing research and development expenditure for new product and launch and strategizing mergers and acquisitions to sustain the competitive environment of the global market.

In July 2018, NI, the U.S. based provider of a software-defined platform, has announced the launch of two series of new millimeter wave (mmWave) radio heads for the mmWave transceiver system. These two radio heads cover the spectrum from 24.5 GHz to 33.4 GHz and 37 GHz to 43.5 GHz.

In August 2018, India’s Defense Research and Development Organization (DRDO) has developed a next-generation software defined military radio communication system for naval forces to enhance the operational capabilities of Indian Navy.

The leading players profiled in the report by MRFR on the global software defined radio market are ASELSAN (Turkey), BAE Systems (the U.K), Thales Group (France), Rockwell Collins (the U.S.), General Dynamics Corporation (the U.S.), Elbit Systems (Israel), Leonardo G.p.A (Italy), Northrop Grumman (the U.S.), Harris Corporation (the U.S.), and ROHDE & SCHWARZ (Germany) @ https://www.marketresearchfuture.com/reports/software-defined-radio-market-5893