India Software Defined Radio Market Size & Outlook
India software defined radio market, 2018-2030 (US$M)
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India software defined radio market highlights
- The India software defined radio market generated a revenue of USD 1,178.1 million in 2023 and is expected to reach USD 2,492.6 million by 2030.
- The India market is expected to grow at a CAGR of 11.3% 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 1,178.1 million |
| Market revenue in 2030 | USD 2,492.6 million |
| Growth rate | 11.3% (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, India accounted for 4.3% 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 Asia Pacific, China software defined radio market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,492.6 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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India 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 33.97% in 2023. Horizon Databook has segmented the India 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 primary factor driving the market growth is the adoption of software defined radio to increase the focus on defense modernization as it offers flexibility and adaptability in military communication systems.
For instance, in July 2023, Alpha Defense Technologies Limited (ADTL), a Bengaluru-based company secured an order for 400 Software Defined Radios (SDRs) from the Indian Army, designated for its armored regiments.
This procurement will empower the Indian Army's armored units to securely communicate via data and voice transmissions. Furthermore, these SDRs represent an advancement from the previous analog radios as these SDRs possess the capability to operate in multiple bands.
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Horizon Databook provides a detailed overview of country-level data and insights on the India software defined radio market , including forecasts for subscribers. This country databook contains high-level insights into India software defined radio market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India software defined radio market size, by type, 2018-2030 (US$M)
India Software Defined Radio Market Outlook Share, 2023 & 2030 (US$M)
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