key players in Software Defined Radio market are BAE Systems Plc, Datasoft Corporation, Elbit Systems Ltd., Harris Corporation, Indra Sistemas, ITT Corporation, L3 Communications Corporation.
(PRWEB) April 28, 2014
According to the new market research report "Software Defined Radios Market (Defense, Commercial & Homeland Security) - Forecast Analysis to 2014 - 2020", published by MarketsandMarkets, is estimated to be $13.87 Billion in 2014 and is expected to register a CAGR of 11.39% to reach $26.48 Billion in 2020.
Browse more than 74 market data tables with 47 figures spread through 133 pages and in-depth TOC on "Software Defined Radios Market (Defense, Commercial & Homeland Security) - Forecast Analysis to 2014 - 2020."
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The major markets for SDR will be U.S., India, and Brazil. India and China will be leaders in production of low cost commercial SDRs for everyday use. These SDRs will be used in devices such as Set top boxes and Wi-Fi modems.
Airborne SDRs in the defense segment are expected to be costlier than the naval and land based SDRs. Airborne SDRs will make up 40% of the global defense SDR market.
The demand for SDR will keep increasing throughout the study period as more and more countries are expected to adopt SDR communication system for their armed forces. The defense segment constitutes 80% of the SDR market and the cost of defense SDRs are higher than that of the other segments due to the varying application of SDRs. The complexity associated with defense deployment increases the cost of SDRs.
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The commercial SDR segment will see a significant growth in countries such as India and China. As compared to the western countries, India and Chinamay produce SDRs at much lower costs due to lower labor cost in these two countries.
The defense segment will be predominantly driven by defense modernization programs. The homeland security market will be driven by the need for interoperability between the state and the federal government agencies such as law enforcement and drug control.
The drivers and restraints are analyzed and their impact on the Software Defined Radios Market throughout the study period is charted to provide in-depth insight of the market. The product lifecycle and the technology trends are also discussed. PEST (Political, Economic, Sociocultural, and Technological) analysis of the market is incorporated to determine their implications on the SDR market.
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