Market Size of Software Defined Radio Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
