Market Size of Software Defined Radio Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| CAGR | 8.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Software Defined Radio (SDR) Market Analysis
The Software Defined Radio Market was valued at about USD 6.41 billion in 2020. It is projected to grow to approximately USD 14.69 billion in 2030, with a CAGR of approximately 8.8% during the forecast period (2021-2030).
The impact of COVID-19 is relatively lower on the software-defined radio market. However, the overall output of the SDR manufacturing companies remained low in 2020 due to disruptions in the supply chain, as well as the temporary shutting down of production.
The increasing investments toward modernization of C4ISR and battle management systems as well as enhancement of situational awareness of the armed forces, fuelled by the increase in defense spending by major economies, is expected to drive the growth of the SDR market.
The common platform architecture of the software-defined radios (SDRs) reduces development costs dramatically and simplifies the process of developing new products. Due to such advantages, the adoption of SDRs for dismounted military personnel as well as vehicular platforms is expected to accelerate the growth of the market during the forecast period.
