-- According to a new market analysis report issued by Credence Research, "Software Defined Radios Market–Growth, Future Prospects and Competitive Landscape, 2018–2026, "the global market for software defined radios is forecasted to reach US$ 43.2 billion by 2026, with a CAGR of 9.2 percent in the 2018 to 2026 projection.
Software-defined radio is a wireless communication device that changes or alters the transmitter and receiver functionality using the software without any hardware changes. These radios drop the need to use condensers and resistors because software-based algorithms are used to select the required frequencies. The requirements of military communication have evolved past rudimentary voice and data communication and today warfighter requires interoperable communication that operates at different frequencies and implements different protocols.
Browse the full “Software Defined Radios Market - Growth, Future Prospects, and Competitive Landscape, 2018 -2026" report at https://www.credenceresearch.com/report/software-defined-radios-market
Military communication depends on reliability, adaptability, interoperability, precision and speed significantly. Defects in any phase of military communication can have terrible consequences. Consequently, communication systems, including software-defined radios, have evolved to offer not only standard two-way communication but also simultaneously integrate multiple devices with very low latency point-to-point wireless connections. Software-defined radios have come a long way since their introduction and industry experts predict them to also act as following in the near future:
Chemical detectors
Biological-weapons detector
Nuclear detector
Area mapper
Traditionally, the application of software-defined radios was limited to military applications. But, end-users in other industry verticals have realized the expected need for having reliable communication and have embraced these radios with both hands.
Limitations of current communication technologies and willingness shown by the authorities across the globe towards military modernization programs is the main factor making the demand for software-defined radios globally. In addition, advanced capabilities of digital radios and rise in the number of digital service users global bode well for the market growth in the coming years. The global software defined radios market is moderately consolidated across different vertical markets, especially homeland security and military. Harris Corporation, Northrop Grumman, Thales SA, Rockwell Collins, and BAE Systems Plc are identified as the leading software defined radio manufacturers worldwide.
Lack of product differentiation remains the major challenge faced by manufacturers and hence product innovation and technology development is the cut-throat strategy adopted by manufacturers. An on-going trend of market shifting towards consolidation can be seen as players across the globe are merging operations with other players to leverage expertise and resource of one another. For instance, Joint Tactical Radio System radios are jointly developed and manufactured by Thales SA and General Dynamics Mission Systems. The existing conventional radios in the American military are now being replaced with these single set of software-defined radios.
North America to Dominate; Asia Pacific to Witness Strong Growth
North America was the biggest software-defined radio market worldwide in 2017 in terms of value contribution. The region's value share stood at 34.3 percent in the global software-defined radio market for the same year. The dominance credited largely to the regulated demand from the United States Army. Military. Ongoing investments by the United States The government in research curricula that focuses on the development of next-generation X-band radios further supports market growth. Interoperable communication between home security agencies including the fire department, police and emergency response teams is also expected to influence the region's demand for software-defined radios. On the other hand, Asia-Pacific countries, including China, India and South Korea, are expected to grow strongly during the forecast period. A steady increase in defense expenditure and a focus on strengthening command and control capabilities through the provision of state-of - the-art communication systems will drive future prospects in the region.
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ToC:
4. Global Software Defined Radios Market Size (US$ Bn), By End-use Vertical, 2016 – 2026
4.1. Overview
4.1.1. Software Defined Radios Market Analysis by End-use Vertical, 2017 & 2026
4.2. Defense
4.2.1. Military
4.2.2. Federal & Homeland Security
4.3. Commercial
5. Global Software Defined Radios Market Size (US$ Bn), By Platform, 2016 – 2026
5.1. Overview
5.1.1. Software Defined Radios Market Analysis by End-use, 2017 & 2026
5.2. Land
5.3. Airborne
5.4. Naval
5.5. Space
6. North America Software Defined Radios Market Analysis, 2016 – 2026
6.1. Overview
6.2. North America Software Defined Radios Market Size (US$ Bn), By End-use Vertical, 2016 – 2026
6.2.1. Defense
6.2.1.1. Military
6.2.1.2. Federal & Homeland Security
6.2.2. Commercial
6.3. North America Software Defined Radios Market Size (US$ Bn), By Platform, 2016 – 2026
6.3.1. Land
6.3.2. Airborne
6.3.3. Naval
6.3.4. Space
6.4. North America Software Defined Radios Market Size (US$ Bn), By Country, 2016 – 2026
6.4.1. U.S.
6.4.2. Rest of North America
7. Europe Software Defined Radios Market Analysis, 2016 – 2026
7.1. Overview
7.2. Europe Software Defined Radios Market Size (US$ Bn), By End-use Vertical, 2016 – 2026
7.2.1. Defense
7.2.1.1. Military
7.2.1.2. Federal & Homeland Security
7.2.2. Commercial
7.3. Europe Software Defined Radios Market Size (US$ Bn), By Platform, 2016 – 2026
7.3.1. Land
7.3.2. Airborne
7.3.3. Naval
7.3.4. Space
7.4. Europe Software Defined Radios Market Size (US$ Bn), By Country, 2016 – 2026
7.4.1. U.K.
7.4.2. Germany
7.4.3. France
7.4.4. Rest of Europe
.........toc continued
Browse the full “Software Defined Radios Market - Growth, Future Prospects, and Competitive Landscape, 2018 -2026" report at https://www.credenceresearch.com/report/software-defined-radios-market
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