Software-Defined Radios Market size to grow by USD 12,894.6 mn from 2022 to 2027; Increased adoption of advanced analytics by SMEs owing to rise in cloud computing to drive market growth - Technavio
NEW YORK, June 1, 2023 /PRNewswire/ -- The software-defined radios market size is set to grow by USD 12,894.6 million from 2022 to 2027, progressing at a CAGR of 8% during the forecast period. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
The software-defined radios market covers the following areas:
The global software-defined radios market is highly competitive, with several players operating. The key players in the market include BAE Systems, Elbit Systems, Harris Corporation, L3Harris Technologies, Northrop Grumman Corporation, and others. These players focus on product launches, partnerships, collaborations, and acquisitions to enhance their market presence and gain a competitive advantage. The software-defined radios market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Key Market Segmentation
This software-defined radios market report extensively covers market segmentation by application (defense, homeland security, and commercial), type (joint tactical radio system, cognitive radio, general purpose radio, and terrestrial trunked radio), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Regional Market Outlook
North America is estimated to account for 35% of the market growth during the forecast period. The Joint Tactical Network Center (JTNC) program, provides technical support for wireless communications systems to the US Department of Defense. Moreover, in coming years the U.S. government will increase funding for next-generation wireless communication systems capable of processing X-band frequencies that can be reused to meet the needs of advanced technology and the growing demand for U.S. wireless devices. This will drive demand for SDRs in this region. Hence, such factors drive regional market growth during the forecast period.
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Software-Defined Radios Market - Market Dynamics
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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