Canada Software Defined Radio Market Size & Outlook
Canada software defined radio market, 2018-2030 (US$M)
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Canada software defined radio market highlights
- The Canada software defined radio market generated a revenue of USD 1,903.9 million in 2023 and is expected to reach USD 3,574.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, joint tactical radio system was the largest revenue generating type in 2023.
- Cognitive Radio is the most lucrative type segment registering the fastest growth during the forecast period.
Software defined radio market data book summary
| Market revenue in 2023 | USD 1,903.9 million |
| Market revenue in 2030 | USD 3,574.3 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Joint tactical radio system |
| Fastest growing segment | Cognitive Radio |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Purpose Radio, Joint Tactical Radio System, Cognitive Radio, TETRA |
| Key market players worldwide | Analog Devices Inc, TTM Technologies Inc, BAE Systems PLC, RTX Corp, TransDigm Group Inc, DataSoft, Elbit Systems Ltd, Huawei Technologies, Indra Sistemas SA ADR, L3Harris Technologies Inc, Microchip Technology Inc, Northrop Grumman Corp, Renesas Electronics Corp, STMicroelectronics NV, Texas Instruments Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 6.9% of the global software defined radio market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. software defined radio market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,574.3 million by 2030.
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Software Defined Radio Market Scope
Software Defined Radio Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada software defined radio market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to software defined radio market will help companies and investors design strategic landscapes.
Joint tactical radio system was the largest segment with a revenue share of 33% in 2023. Horizon Databook has segmented the Canada software defined radio market based on general purpose radio, joint tactical radio system, cognitive radio, tetra covering the revenue growth of each sub-segment from 2018 to 2030.
The market's favorable growth prospects are attributed to the integration of evolving technologies, particularly 5G, and the expanding adoption of software defined radios within defense and government organizations.
Moreover, the region’s resource-rich industries, such as mining and energy, are seeing growing adoption of SDRs for private communication networks and remote data transmission. The use of SDRs in critical infrastructure monitoring and disaster response is also gaining traction, which is driving the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada software defined radio market , including forecasts for subscribers. This country databook contains high-level insights into Canada software defined radio market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada software defined radio market size, by type, 2018-2030 (US$M)
Canada Software Defined Radio Market Outlook Share, 2023 & 2030 (US$M)
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