According to the research report titled ‘Global Software Defined Radio (SDR) Market Size study, Application (Defense, Commercial), Component (Software, Transmitter, Receiver, Auxiliary System), Platform (Land, Airborne, Naval, Space), Frequency Band (VHF, UHF, HF) and Regional Forecasts 2020-2027’, available with Market Study Report, global software defined radio (SDR) market was valued at USD 25.4 billion in 2019 and is expected to expand at 8.63% CAGR to be remunerated at USD 49.3 billion by the year 2027.
 

Growing adoption of SDR for telecommunications, rising military expenditure on tactical communication, and technological advancements in the field are the key factors driving global software-defined radio market growth. As per Statista, global military spending in 2019 was USD 1.92 trillion, up from USD 1.14 trillion in 2001.
 

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For those unversed, SDR (software defined radio) is a form of radio communication that communicates using software on a computer or embedded system rather than hardware such as detectors, amplifiers, philters, modulators, mixers, demodulators, and other components.
 

Owing to the introduction of digital electronics, the radio industry and communication networks have changed dramatically in recent years. While the term software-defined radio is not new, there have been significant technological and application advancements in the field.
 

Product launches, alliances & agreements, mergers & acquisitions, financing, investment, and other tactics have been used by leading organizations to gain a competitive edge, further augmenting worldwide software defined radio (SDR) industry share.
 

Citing an instance, UK Ministry of Defense awarded General Dynamics Corp. a USD 410.4 million contract in April 2017 to develop a tactical communication and information system for the next generation. The system will enable to communicate in a timely and reliable manner.
 

On the downside, hefty initial cost, security issues, and problems with integration are anticipated to hamper the remuneration scale of the industry over the stipulated timeframe.
 

Citing the geographical landscape, North America presently holds considerable portion of global software defined radio (SDR) market share, attributable to technological advances and swift adoption.
 

Meanwhile, Asia Pacific industry is predicted to gain decent traction over the coming years, owing to rising military expenditure on tactical communication and increasing adoption of SDR for telecommunications.
 

Major contenders in global software defined radio (SDR) market sphere are Huawei Technologies Co. Ltd., Leonardo S.p.A., Rohde & Schwarz GmbH & Co. KG, Aselsan A.S., General Dynamics Corporation, Thales Group, Rockwell Collins, Harris Corporation, BAE Systems plc, and Northrop Grumman Corporation.