SDR technology employs various components (such as mixers, filters, amplifiers, detectors and many more) by means of software instead of being implemented traditionally in hardware. A basic SDR system comprises of a computer equipped with some form of RF front end succeeded by an analog-to-digital converter device such as sound card. In conventional radio systems, a significant amount of signal processing is being done in single-purpose hardware or electronic circuits, whereas in SDR, signal processing is handed over to the general-purpose processor. This design produces a radio which can receive and transmit different radio waveforms based solely on the software used. SDR systems have flexible functionality due to which they can be re-configured or also can be changed, if required, by upgrading the software. This has led to a reduction in the cost of such systems altogether. The global SDR market is expanding at a significant rate over the forecast period owing to the adaption of such systems across defense and commercial applications.
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The global software defined radio market is segmented into application, platform, and region. On the basis of application, the market is divided into defense and commercial. Defense application segment is expected to be the dominating segment in 2018 and continue to follow the same trend over the forecast period. Extensive use of SDR systems for tactical communication purpose in defense field is expected to be the primary reason for the growth of the segment. Furthermore, on the basis of platform, the market is segmented into land, airborne, naval, and others. Geographically, the report analyzes North America, Europe, Asia-Pacific, and Rest of the World. North America held the major share in the global SDR market in 2018 followed by Europe and Asia-Pacific. Moreover, Asia-Pacific is expected to grow at the fastest growth rate over the forecast period due to increasing defense expenditure of major economies of the region such as China, India, and Japan among others.
Furthermore, the market is characterized by the presence of many market players. BAE Systems PLC is one of the major players operating in the market. The company is involved in providing defense, aerospace, and security solutions across the globe. In 2018, the company generated overall revenue of around $22.5 billion, among which, 22% of the revenue generated by its electronic systems, 9% by cyber & intelligence, 16% by platform & services (US), 37% by air and 16% by marine. Apart from BAE Systems PLC, some other major players include Collins Aerospace, Harris Corp., Lockheed Martin Corp., and Northrop Grumman Corp. among others. These players adopt various strategies in order to remain competitive in the market. For instance, in April 2019, BAE System PLC unveiled its new general SDR assembly for high-reliability commercial and Department of Defense space applications. This expansion of product and service portfolio of the company would enable the company to strengthen its revenue stream.
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Research Methodology:
The market study of the global software defined radio market which is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended for SDR manufacturing companies, defense-based product and service providers, research organizations, insurance companies, government organizations, and market research firms for overall market analysis and competitive analysis. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
- Global Software Defined Radio Market Research and Analysis by Application
- Global Software Defined Radio Market Research and Analysis by Platform
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