Market Research Report
Software Defined Radio Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Published by||IMARC Services Private Limited||Product code||988377|
|Published||Content info||143 Pages
Delivery time: 2-3 business days
|Software Defined Radio Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
|Published: February 2, 2021||Content info: 143 Pages||
The global software defined radio market reached a value of US$ 27.4 Billion in 2020. The software defined radio (SDR) refers to a radio frequency communication tool that performs signal-processing tasks using the software installed in a desktop computer. It operates through a receiver, transmitter, software application and various other auxiliary systems and performs the functions of amplifiers, filters, mixers, modulators/demodulators and detectors. It has a broad frequency range by default and can be programmed to work at a specific frequency within the range. It can also be re-configured, thereby replacing multiple radios with a single unit and offers enhanced flexibility, cost-effectiveness and interoperability to the user. Owing to this, it finds extensive applications across various industries, including aerospace, defense, telecommunication and transportation.
The growing need for military modernization, along with the increasing demand for enhanced situational awareness, is one of the key factors driving the growth of the market. Advanced communication systems, such as SDRs, are employed in military units to improve defense communication systems without hardware constraints. Widespread adoption of SDR in telecommunications is also providing a boost to the market growth. In order to meet the growing demand for stable connections and higher data speeds, network operators are adopting SDR software, along with Network Function Virtualization (NFV), to improve connectivity solutions. Additionally, various advancements, such as the development of next-generation internet protocol (IP) systems that can be adjusted to 4G and wireless spectrums, are creating a positive outlook for the market. The increasing shift from analog to digital SDR is acting as another major growth-inducing factor. SDR is expected to act as the base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels. Other factors, including the integration of the Internet of Things (IoT) with wireless devices, along with extensive research and development (R&D) activities in the field of telecommunications, are projected to drive the market further. Looking forward, IMARC Group expects the global software defined radio market to exhibit moderate growth during the next five years.