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Global Software Defined Radio (Land, Airborne, Naval, Space) Market Forecasts 2018-2022: A $30 Billion Opportunity - ResearchAndMarkets.com

[May 08, 2018]

Global Software Defined Radio (Land, Airborne, Naval, Space) Market Forecasts 2018-2022: A $30 Billion Opportunity - ResearchAndMarkets.com

The "Software Defined Radio Market by Application (Defense, Commercial), Component (Software, Transmitter, Receiver, Auxiliary System), Platform (Land, Airborne, Naval, Space), Frequency Band (VHF, UHF, HF), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The software defined radio market is estimated to be USD 19.83 Billion in 2017 and is projected to reach USD 30 Billion by 2022, at a CAGR of 8.63% from 2017 to 2022. Software defined radios are increasingly used by the military to improve the command and control of troops stationed on the battlefield, as well as to enhance situational awareness of the battlefield.

On the basis of application, the software defined radio market has been segmented into defense and commercial. The commercial application segment is projected to grow at a higher CAGR than the defense segment during the forecast period, primarily driven by the growth of the telecommunication and transportation sectors. Software defined radios used in these sectors are upgradable, which is essential due to the adoption of new and emerging communication technologies, such as 4G and 5G, among others.

On thebasis of component, the software defined radio market has been segmented into software, transmitter, receiver, and auxiliary system. The software segment is projected to grow at the highest CAGR during the forecast period owing to the increasing use in commercial systems which are easily upgraded by software to increase their compatibility with new communication standards and military waveforms.

On the basis of platform, the software defined radio market has been segmented into land, airborne, naval, and space. The space segment is projected to witness the highest CAGR during the forecast period owing to the increased use of software defined radios in satellites and launch vehicles.

On the basis of frequency band, the software defined radio market has been segmented into VHF, UHF, HF, and other bands. VHF is projected to be the largest frequency band segment in the software defined radio market during the forecast period owing to the high usage of the VHF band in military communications.

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