Latin America Software Defined Radio Market Size & Outlook
Latin America software defined radio market, 2018-2030 (US$M)
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Latin America software defined radio market highlights
- The Latin America software defined radio market generated a revenue of USD 1,742.5 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,742.5 million |
| Market revenue in 2030 | USD 3,232.6 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Joint tactical radio system |
| Fastest growing segment | Cognitive Radio |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.3% of the global software defined radio market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,972.0 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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Latin America 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 34.99% in 2023. Horizon Databook has segmented the Latin America 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 region's increasing focus on technological advancements, coupled with a growing demand for modern communication solutions, has contributed to the adoption of SDR technology.
Moreover, the telecommunications sector in Latin America is actively integrating SDR solutions to align with changing standards, particularly in the implementation of advanced wireless technologies such as 5G connectivity, which is driving the market growth in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America software defined radio market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America software defined radio market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America software defined radio market size, by country, 2018-2030 (US$M)
Latin America Software Defined Radio Market Outlook Share, 2023 & 2030 (US$M)
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