Software Defined Radio Global Market Report 2024

Software-defined radio (SDR) is a radio communication system that employs reconfigurable software-based elements for digital signal processing and conversion. This system has the capability to tune to any frequency band, incorporate various modulation-demodulation schemes, and support multiple standards within the same device, utilizing reconfigurable hardware and robust software. The primary objective of SDR is to function as a programmable transceiver that accommodates various wireless technologies.

The key categories of software-defined radio include Joint Tactical Radio Systems (JTRS), cognitive radio, general-purpose radio, and Terrestrial Trunked Radio (TETRA). Joint Tactical Radio Systems (JTRS) specifically denote software-defined radios utilized for transmitting information in military and naval operations. JTRS comprises a collection of software-based radio systems employed in ground vehicles and military platforms. The components encompass hardware, software, and services, while the platforms include airborne, naval, land, and space for software-defined radio. Software-defined radio operates at various frequencies such as High Frequency (HF), Very High Frequency (VHF), and Ultra-High Frequency (UHF). End users of software-defined radio span across aerospace and defense, telecommunications, public safety, and commercial sectors.

The software defined radio market research report is one of a series of new reports that provides software defined radio market statistics, including software defined radio industry global market size, regional shares, competitors with a software defined radio market share, detailed software defined radio market segments, market trends and opportunities, and any further data you may need to thrive in the software defined radio industry. This software defined radio market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The software defined radio market size has grown strongly in recent years. It will grow from $22.22 billion in 2023 to $23.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth observed in the historical period can be ascribed to the development of digital signal processing technologies, the expansion of wireless communication standards, the need for flexible and reconfigurable radio systems, advancements in hardware for software-defined radio (SDR), and a rise in applications within the military and defense sectors.

The software defined radio market size is expected to see strong growth in the next few years. It will grow to $32.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be linked to the adoption of 5G technology and beyond, the incorporation of artificial intelligence in SDR, heightened utilization in public safety and emergency communication, the broader integration of SDR in Internet of Things (IoT) devices, and a focus on spectrum efficiency and dynamic spectrum access. Prominent trends in the forecast period encompass the application of software-defined radio in cognitive radio networks, the evolution of open-source software for SDR, the utilization of SDR in satellite communication systems, the creation of portable and handheld SDR solutions, and the integration of SDR with edge computing for low latency.

The software-defined radio market is anticipated to experience growth driven by the increasing defense spending to enhance defense communication systems. The defense sector's focus on providing soldiers with technological advantages, including enhanced data transmission capability, voice clarity, and data accuracy, contributes to tactical efficiency during wartime and safeguards sensitive data. As geopolitical tensions rise and threats like terrorism become more prevalent, investments in defense communication systems are on the rise. Notably, the UK government allocated $131.67 million (£110 million) for frontline radio communications in September 2021, and the Defence Acquisition Council of India approved a $307.12 million (Rs. 2000 crores) investment to bolster military communications in November 2021. Consequently, the surge in defense spending on communication systems is poised to propel the growth of the software-defined radio market.

The software-defined radio market is expected to be driven by the demand for communication equipment. Communication equipment encompasses hardware devices and systems used for transmitting, receiving, processing, and managing information. Software-defined radios find application in space communication, enhancing satellite performance and enabling precise operation across multiple frequency bands. According to data from Dun & Bradstreet, around 50% of US industry revenue comes from communication systems and equipment, including GPS, followed by data communications equipment (about 15%) and wireless networking systems (about 10%). Therefore, the increasing demand for communication equipment is set to drive growth in the software-defined radio market.

A prominent trend in the software-defined radio market is technological development. Significant advancements in software-defined radio technology have led to reduced costs and increased performance. These technologies offer substantial advantages over traditional radio designs based on hardware. Major companies in the market are investing in innovative technologies to ensure seamless communication. For instance, Domo Tactical Communications, a US-based communications equipment company, launched the 2x1W software-defined radio and WUI (Wireless User Interface) in September 2021. This radio is designed to meet the needs of unmanned platforms, providing longer-range encrypted links for reliable real-time transfer of video, audio, data, and general IP network traffic in challenging environments.

Leading companies in the software-defined radio market are actively introducing innovative software solutions to maintain their market position. An example is the FLEX-6400M software-defined radio transceiver model developed by FlexRadio Systems, a US-based software company. Introduced in April 2022, this system features the latest direct sampling SDR technology, a high-resolution display, and ergonomic controls for the amateur radio market. The SmartSDR software from FlexRadio ensures compatibility across the entire FLEX-6000 Signature Series family, facilitating continuous software enhancements.

In May 2021, Johnson Controls International plc, an Ireland-based HVAC and security equipment manufacturer, acquired Silent-Aire Limited Partnership. This move strengthened Johnson Controls' position in the growing data center market by incorporating Silent-Aire's cutting-edge cooling equipment technology and modular data center solutions. Silent-Aire Limited Partnership, based in Canada, specializes in manufacturing modular data centers.

Major companies operating in the in the software defined radio market report are 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.

North America was the largest region in the modular data center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the software defined radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The software defined radio market consist of sales of transmitter, receiver, auxiliary systems, and antenna. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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