U.S. Software Defined Radio Market Size & Outlook
U.S. software defined radio market, 2018-2030 (US$M)
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U.S. software defined radio market highlights
- The U.S. software defined radio market generated a revenue of USD 7,467.1 million in 2023 and is expected to reach USD 11,832.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.8% 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 7,467.1 million |
| Market revenue in 2030 | USD 11,832.2 million |
| Growth rate | 6.8% (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, U.S. accounted for 27.0% 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 |
|---|
U.S. 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 32.96% in 2023. Horizon Databook has segmented the U.S. 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 U.S. recorded the highest market share of 80.1% in 2022. The U.S. is the major contributor to the regional market growth owing to the presence of major tech companies, such as Raytheon Technologies Corporation, Texas Instruments Incorporated, Northrop Grumman Corporation, among others.
Moreover, the ongoing technological advancement in the software defined radio market and new product development by market players is expected to drive the market growth further. For instance, in April 2022, Flex Radio, a software defined radio manufacturer, launched the FLEX-6400M Signature Series SDR Transceiver.
This system incorporates innovative direct sampling software-defined radio (SDR) technology, featuring a high-resolution display and user-friendly ergonomic controls. Such development by key market players is expected to drive 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. software defined radio market , including forecasts for subscribers. This country databook contains high-level insights into U.S. software defined radio market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. software defined radio market size, by type, 2018-2030 (US$M)
U.S. Software Defined Radio Market Outlook Share, 2023 & 2030 (US$M)
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