DUBLIN--(BUSINESS WIRE)--The "Software Defined Radio Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Software Defined Radio Market is expected to exhibit a growth rate of more than 6% during the forecast period.
- Northrop Grumman Corporation
- Elbit Systems Ltd.
- BAE Systems plc
- Thales Group
- General Dynamics Corporation
- Intel Corporation
- Collins Aerospace (Raytheon Technologies Corporation)
- Rafael Advanced Defense Systems Ltd.
- National Instruments Corporation
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Viasat, Inc.
- ASELSAN A.S.
Key Market Trends
Defense Segment is Expected to have the Highest Growth Rate During the Forecast Period
With growing military expenditure of various armed forces across the world, huge investments are being made into the development of effective battle communication systems (network-centric warfare) to support military personnel. The advantages like simple design and ease of usage help in a seamless flow of real-time information, creation of high data rate combat network, and interoperation superiority. Such factors are majorly driving the procurement of software-defined radios in the military sector.
In January 2020, Ultra Electronics TCS received a second delivery order for the supply of ORION radio systems to the US Army. This contract worth USD 29.8 million is a part of the USD 500 million indefinite award/indefinite-quantity (IDIQ) contract provided to the company in 2019, under TRILOS Radio Program of the US Army. Similarly, in May 2020, Aselsan delivered over 1,300 SDRs to the Turkish armed forces to cater to the electronic warfare requirements of land, sea, and air platforms. Such investments into the development and procurement of SDRs in the military sector are anticipated to accelerate the growth of the segment during the forecast period.
Asia-Pacific to Exhibit the Highest Growth Rate During the Forecast Period
Countries like China, India, Japan, and South Korea among others are major military spenders in the Asia-Pacific region and are increasing their investments towards C4ISR systems owing to factors like growth in terrorism, trade of illicit goods, border standoffs, etc. Due to this, various countries are acquiring new and advanced tactical radio solutions to enhance the situational awareness of their armed forces. For instance, in August 2019, the Defence Acquisition Council (DAC) of India approved the acquisition of SDR technology to meet the tactical communication requirements of the Indian Armed Forces. The indigenous SDR was developed by Defence Research and Development Organisation (DRDO) in collaboration with Bharat Electronics Limited (BEL). Similarly, the growth in telecom and network connectivity sectors in the Asia-Pacific region, particularly in China and India, is expected to propel the growth of the SDR market during the forecast period.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.2.4 Latin America
22.214.171.124 Rest of Latin America
5.2.5 Middle-East and Africa
126.96.36.199 United Arab Emirates
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Northrop Grumman Corporation
6.2.2 Elbit Systems Ltd.
6.2.4 BAE Systems plc
6.2.5 Thales Group
6.2.6 General Dynamics Corporation
6.2.7 Intel Corporation
6.2.8 Collins Aerospace (Raytheon Technologies Corporation)
6.2.9 Rafael Advanced Defense Systems Ltd.
6.2.10 National Instruments Corporation
6.2.11 L3Harris Technologies, Inc.
6.2.12 Leonardo S.p.A.
6.2.13 Viasat, Inc.
6.2.14 ASELSAN A.S.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/otew8k