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.
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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.
Software Defined Radio Market- Segmentation
By Application
- Defense
- Commercial
By Platform
- Land
- Airborne
- Naval
- Others (Space)
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