Software Defined Radio Market Size

Statistics for the 2023 & 2024 Software Defined Radio market size, created by Mordor Intelligence™ Industry Reports. Software Defined Radio size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Software Defined Radio Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Software Defined Radio Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 20.19 Billion
Market Size (2029) USD 27.64 Billion
CAGR (2024 - 2029) 6.49 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Software Defined Radio Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Software Defined Radio Market Analysis

The Software Defined Radio Market size is estimated at USD 20.19 billion in 2024, and is expected to reach USD 27.64 billion by 2029, growing at a CAGR of 6.49% during the forecast period (2024-2029).

The increasing investments toward modernizing C4ISR and battle management systems, as well as enhancement of the armed forces' situational awareness, fuelled by the increase in defense spending by major economies, are expected to drive the growth of the SDR market.

The inherent versatility of SDR, allowing for dynamic reprogramming and adaptation to different communication standards, is a key driver. This adaptability fosters interoperability between disparate communication systems, making SDR an attractive solution for military applications. Military modernization programs worldwide contribute significantly to the growth of the SDR market. The adaptability of SDR aligns with the evolving communication needs of modern armed forces, allowing for secure and agile communication in diverse operational scenarios.

The common platform architecture of software-defined radios (SDRs) dramatically reduces development costs and simplifies the process of developing new products. Due to these advantages, the adoption of SDRs for dismounted military personnel and vehicular platforms is expected to accelerate the market's growth during the forecast period.

Software Defined Radio Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)