Software Defined Radio Industry Overview
The global software-defined radio market size was estimated at USD 20.4 billion in 2019 and is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% over the forecast period. An increase in defense expenditure to improve defense communication systems is a major factor driving the demand for software-defined radio systems. In addition, the market for global software defined radio (SDR) has witnessed considerable growth owing to the increasing need for communication devices to be more flexible and software configurable. Moreover, SDR is widely adopted in space communication as improves the performance of the satellite and can operate across several frequency bands in a precise manner.
SDR enables users to receive signals from multiple mobile standards such as WiMAX and GSM. To fulfill the growing demand for higher data speed that require additional hardware expenses on the core network, mobile operators are adopting SDRs.Software-defined radio systems help improve connectivity solutions by eliminating hardware constraints. Moreover, SDR and Network Function Virtualization (NFV) are expected to play a major role in the integration of different communication technologies. The 5G radio access is based on SDR/NFV infrastructure, which is another factor driving the market for software-defined radio systems.
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The increasing penetration of IoT and wireless devices positively impacts the market for software-defined radio. In 2017, there were around 30 commercial deployments of NB-IoT and LTE-M in 20 countries, including the U.S., China, and Europe. The GSM Association estimates that by 2025, the number of IoT-connected devices would reach 3.1 billion globally, amounting to 12.0% of the total IoT connections globally. In addition, the growing popularity of wireless sensor networks is anticipated to drive the demand for SDRs.
An increase in spectrum range for wireless communications is a major trend observed in recent years. The inception of the 3rd Generation Partnership Project (3GPP) under the telecommunications organizational partnership calls for rapid deployment of LTE and LTE-Advanced commercial wireless technology, subsequently driving the demand for SDRs. While LTE technology is currently used between 450 MHz to 3.8 GHz, it is expected to cross 5 GHz in the near future. Moreover, software-defined radio is used in applications such as radio frequency spectrum analyzers and global positioning systems.
Advancements in cellular infrastructure technology have undergone developments such as changes in RF amplifier technology. For instance, smartphone designs have the potential for the implementation of technologies such as surface acoustic wave (SAW) and bulk acoustic wave (BAW). The pricing factor for these has also been relatively narrowed due to low power filter requirements and confined fractional bandwidth. A disadvantage of using software-defined radio technology is the development of a software-defined radio with hardware and software platform, which is expensive. The conversion of analog to digital may also limit the top frequencies present in the digital section.
Software Defined Radio Market Segmentation
Based on the Type Insights, the market is segmented into General Purpose Radio, Joint Tactical Radio System, Cognitive Radio, and TETRA.
Based on the Component Insights, the market is segmented into Hardware, Software, and Service.
Based on the Frequency Band Insights, the market is segmented into HF Band, HF Band, UHF Band, and Others.
Based on the Platform Insights, the market is segmented into Ground, Naval, Airborne, and Space.
Based on the End-Use Insights, the market is segmented into Aerospace & Defense, Telecommunication, Public Safety, Commercial, and Others.
Based on the Software Defined Radio Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
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Key Companies Profile:
Space Research Organizations such as the National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) focus on the development of radiation hardened electronic components that can withstand high radiations, which are used for space signal transmission in software-defined radio systems.
Some of the prominent players in the global software defined radio market are:
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