Press Release / Business / Global Software Defined Radio (SDR) Market is Estimated to Reach $34 Billion by 2025, Says Accurize Market Research

Global Software Defined Radio (SDR) Market is Estimated to Reach $34 Billion by 2025, Says Accurize Market Research

Global software-defined radio (SDR) market report published by Accurize Market Research forecast that the global market is expected to reach $34 billion by 2025; growing at a CAGR of 8.9% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period
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Technological developments in software-defined radio and upsurge in military spending on strategic communication across the globe to drive the growth of the market
Technological developments in software-defined radio and upsurge in military spending on strategic communication fuel the demand for the global software-defined radio (SDR) market. Moreover, the rising adoption of SDR in telecommunication also boosts the growth of the market.

Market Segmentation
The global software-defined radio (SDR) market has been bifurcated on the basis of application, component, platform, frequency band, and geography. On the basis of application, the software-defined radio market is segmented into defense and commercial. On the basis of component, the software-defined radio market is segmented into software, transmitter, receiver, and auxiliary system. On the basis of platform, the software-defined radio market is segmented into land, airborne, naval, and space. On the basis of the frequency band, the software-defined radio market is segmented into VHF, UHF, HF, and other bands.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, and the rest of Asia-Pacific. RoW covers South America, the Middle East, and Africa.
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Top players in the market
The key market players include Harris Corporation, Thales, General Dynamics, Northrop Grumman, BAE Systems, Rockwell Collins, Leonardo, ASELSAN and Elbit Systems among others.