According to the new market research report "Software Defined Radios Market (Defense, Commercial & Homeland Security) - Forecast Analysis to 2014-2020", is estimated to be $13.87 Billion in 2014 and is expected to register a CAGR of 11.39% to reach $26.48 Billion in 2020.
SDRs in defense segment will be more expensive than the other segments due to the complexity of the defense deployment. The sub segments of defense segment are airborne, naval, and land-based deployments. The airborne SDRs are more costly than the other two platforms. Land and naval SDRs respectively make up 35% and 25% of the total defense SDR market. Defense SDRs make up 80% of the global SDR market; commercial segment (5%) and homeland security segment (15%).
PDF Download @ Software Defined Radio Market
SDRs are increasingly becoming popular in the defense, commercial, and homeland security market due to the interoperability capability that they offer.SDR market is expected to grow as the affinity towards it is increasing. It also provides increased flexibility to the armed forces by reducing the overall weight of the system and thereby aiding high mobility.
In the commercial segment, SDRs enable efficient handling of multiple standards such as 2G, 3G, 4G, and 4G advanced. The increasing penetration of smartphones will be driving the commercial SDR market.The global SDR market is estimated to be $13.87 billion in 2014 and is expected to grow at a CAGR of 11.39% to reach $26.48 billion in 2020. The growth will be from countries such as U.S., India, Brazil, and Australia
SDRs penetration will increase in defense, commercial, and homeland security segments. Though Europe and North American markets have a higher market share, the growth is expected to be uniform across all the geographic regions as national SDR programs have started in all the geographic regions.Airborne SDRs in the defense segment are expected to be costlier than the naval and land based SDRs. Airborne SDRs will make up 40% of the global defense SDR market.
Enquiry Before Buying @ Software Communication Architecture (SCA) Market
The demand for SDR will keep increasing throughout the study period as more and more countries are expected to adopt SDR communication system for their armed forces. The defense segment constitutes 80% of the SDR market and the cost of defense SDRs are higher than that of the other segments due to the varying application of SDRs. The complexity associated with defense deployment increases the cost of SDRs.
The geography-wise analysis includes application-level segmentation across geographic regions such as North America, Middle East, Asia-Pacific (APAC), Europe, and the Rest of the World (ROW). Competitive analysis includes market share of companies in the SDR market. Country-wise analysis includes their respective SDR programs, the primary industry participants of the program, and the scope of the program. It also includes the cost related to procurement and operation.
The report also provides information about the drivers and restraints impacting the market along with the impact analysis and opportunities and challenges in this market for the study period. The report highlights the market share of leading companies in the Software Defined Radio market and the regional market share. It also covers the PEST analysis of SDR.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets