What Will Be the New Normal in the Global Software Defined Radio (SDR) Market After the COVID-19 Pandemic?
Pandemics such as the current COVID-19 carry huge business risks as repressive measures stifle innovation, choke growth, erode profitability, and dry up financial reserves and cash flow. Among the many industries and markets reeling under this impact is Software Defined Radio (SDR). A revised outlook under the current scenario projects the global market size reach US$24.8 billion by 2027.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Software Defined Radio (SDR) market. Report segmentation includes Component (Receiver, Transmitter, Other Hardware, Software, Services); Application (Aerospace & Defense, Telecommunication, Public Safety, Commercial, Other Applications) ).
7 June 5:39 A.M., California/Marketwire/ - According to the new market research report, pandemics such as the current COVID-19 carry huge business risks as repressive measures stifle innovation, choke growth, erode profitability, and dry up financial reserves and cash flow. Among the many industries and markets reeling under this impact is Software Defined Radio (SDR). A revised outlook under the current scenario projects the global market size reach US$24.8 billion by 2027. The coronavirus pandemic will slowdown technology innovation, and consumer appetite for new technologies. Technology upgrade plans will either be shelved or delayed as companies go into survival mode cutting down all non-critical and CAPEX heavy investments. A fallen global economy with a -3% negative growth in GDP is not a conducive environment for innovation or business investments. As governments break the piggy bank fighting the pandemic and as federal deficits widen and fiscal coffers deplete, widespread reductions in public spending budgets will be inevitable. Defense budgets, for instance, will be slashed worldwide, impacting orders for SDRs in military communications. The recession will also impact opportunities in the industrial and commercial space. With non-essential commercial and industrial operations shut down, radio communication systems for field workers will recede from importance in the near-term. Upgrade plans for traditional land mobile radio (LMR) systems will be delayed and shelved. Only communication applications in pandemic response plans will buck the decline as countries desperately plan for effective pandemic management.
Software Defined Radio (SDR) is defined as a radio where all physical layer functions are software defined. SDR operates on software-defined wireless communication protocols rather than hardwired implementations. This allows users to upgrade the air interface protocol, functionality and frequency band by simply downloading and updating the software instead of replacing the hardware. Being software-configurable, SDR software updates are implemented via modifiable firmware or software. SDR technology offers software control of various modulation, capacity enhancement, and interference management techniques over different frequencies and ensures secure communications management. SDR helps in placing most of the complicated signal handling required in communications transmitters and receivers into the digital signal processing (DSP) format. A primary benefit of SDRs is cost effectiveness. Since traditional radios are hardware-based, production costs tend to be higher with high flexibility issues when support for multiple waveform standards was required. In contrast, software-defined radio is a comparatively inexpensive and more efficient technology solution, allowing multi-band, multi-functional, and multimode wireless devices, which can be optimized using software upgrades. Given the many advantages of SDRs, in the post COVID-19 period the market will regain lost ground and will find expanding applications in a range of industries such as aerospace, automotive, public safety, military, wireless LAN/WAN, homeland security, military & commercial satellites, telecommunications, transportation, short range communication, and cellular handsets and base stations.
Key Competitors Covered in the Report
Array Systems Computing, Inc.
BAE Systems PLC
Bharat Electronics Limited
Elbit Systems Ltd.
Epiq Solutions, LLC
FlexRadio Systems, Inc.
Northrop Grumman Corporation
Rockwell Collins, Inc.
Rohde & Schwarz GmbH & Co KG
Thales Defense & Security, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 8827. Among this pool, 1236 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 263 unique participations, a total of 118 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.