Mexico Software Defined Radio Market Size & Outlook
Mexico software defined radio market, 2018-2030 (US$M)
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Mexico software defined radio market highlights
- The Mexico software defined radio market generated a revenue of USD 618.7 million in 2023 and is expected to reach USD 1,221.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.2% 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.
Software defined radio market data book summary
| Market revenue in 2023 | USD 618.7 million |
| Market revenue in 2030 | USD 1,221.9 million |
| Growth rate | 10.2% (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, Mexico accounted for 2.2% 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 Latin America, Brazil software defined radio market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,221.9 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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Mexico 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 35.04% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico's software defined radio market is evolving as the country seeks to modernize its telecommunications infrastructure and improve spectrum management. A significant trend in Mexico is the integration of software defined radio technology in the context of 5G deployment.
As Mexico expands its 5G networks, SDR plays a crucial role in optimizing spectrum sharing and reducing interference, ensuring efficient and reliable wireless services. Furthermore, the versatility of SDRs, allowing them to operate across multiple bands and adapt to evolving technological standards, has made them appealing in the region, which is driving the market growth.
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Our clientele includes a mix of software defined radio market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico software defined radio market , including forecasts for subscribers. This country databook contains high-level insights into Mexico software defined radio market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico software defined radio market size, by type, 2018-2030 (US$M)
Mexico Software Defined Radio Market Outlook Share, 2023 & 2030 (US$M)
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