North America Software Defined Radios Market Worth $7019.35 Million by 2020 - New Report by MicroMarket Monitor
(PR Web Via Acquire Media NewsEdge) (PRWEB) June 08, 2014
The use of SDRs by the defense forces around the world is increasing rapidly. Presently, the flexibility and versatility offered by SDRs is insurmountable. SDRs provide great flexibility to troops while communicating with the units of different platforms, who utilize different communication frequency. This has made SDRs indispensible for combat forces. The global SDRs market is expected to register a CAGR of 11.39% from the period 2014-2020.
The North American SDR market is estimated at $3675.55 million in 2014, and it is expected to reach $7019.35 million by 2020. The North America is expected to contribute 26.5% of the total SDR market and is expected to grow at a CAGR of 11.30%. The market will be dominated by defense and homeland security application. The JTNC program will generate the momentum for SDRs in the defense segment. Commercial segment will be driven by expansion in telecom infrastructure. Homeland security is expected to be driven by the need to integrate the communication systems of all the state and federal agencies such as police department, fire department, and emergency response teams.
Browse through the market data tables, figures and detailed ToC on the "North American Software Defined Radio Market".
Europe SDR market
The Europe SDR market is estimated at $3467.50 million in 2014, and it is expected to reach $6622.03 million by 2020. Europe constitutes 25% of the total global SDR market and will continue to have a major share of the total market.The market will be predominantly driven by defense and homeland security segment.The European defense segment will be driven by the ESSOR program and other country-specific programs; delivery of F-35 fighters to countries in Europe. Commercial segment will be driven by the growth in telecom sector.
Middle East SDR market
The Middle East SDR market is estimated at $2080.50 million in 2014, and it is expected to reach $3973.22 million by 2020. The Middle East constitutes 15% of the total SDR market.The market will be driven by strong defense, commercial, and homeland security application of SDR. Apart from defense application there is emphasis on SDR deployment in mobile networks and these factors are expected to drive the SDR market in the Middle East.
APAC SDR Market
The APAC SDR market is estimated at $2635.30 million in 2014, and it is expected to reach $5032.74 million by 2020. APAC represents one of the biggest markets for SDRs and constitutes 19% of the total market.. Key countries in the APAC (Asian-Pacific) region such as Japan, Korea, and India have further growth potential. India and South Korea have started their own tactical communication programs based on SDR. India, South Korea, and Japan have territorial disputes with China; hence, they are modernizing their respective military hardware and moving towards more network-centric operational capability.
About MicroMarket Monitor
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
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