PUNE, India, November 14, 2016 /PRNewswire/ --
The report "Software Defined Radio Market by Application (Defense, Commercial, Homeland Security), Component (Software, Transmitter, Receiver), End User (Military, Transportation), Type (JTRS, Cognitive/Intelligent Radio, TETRA) - Global Forecast to 2021", published by MarketsandMarkets, the global market is estimated to be USD 16.24 Billion in 2016, and is projected to reach USD 29.12 Billion by 2021, at a CAGR of 12.39% from 2016 to 2021.
Browse 97 market data Tables and 61 Figures spread through 180 Pages and in-depth TOC on "Software Defined Radio Market"
Early buyers will receive 10% customization on this report.
The JTRS segment is projected to lead the software defined radio market during the forecast period
On the basis of type, the JTRS (joint tactical radio system) segment is estimated to lead the highest growth, owing to the increasing use of tactical military communication in the defense sector. JTRS is the solution for interoperability is an all service radio and a new wideband networked waveform with the ability to provide mobile networked-connectivity across the battlespace, while providing compatibility with the current waveforms used in the defense forces, worldwide.
The commercial segment is estimated to grow at the highest CAGR during the forecast period
The commercial segment of the software defined radio market, by application, is anticipated to grow at the highest CAGR during the forecast period, due to robust growth in the telecommunication industry. With increase in investments towards SDR, the commercial sector is using new technologies such as near field communication, analog to digital conversion, and cognitive radios for communication.
G7 Nations is estimated to be the largest market for software defined radio
The market for software defined radio has been estimated to be the largest in G7 Nations, due to the increasing demand for SDR across various sectors, such as military, public safety, and commercial. The growth of this market is expected to be fuelled by the rise in military spending by the U.S. countries as they seek to modernize and upgrade their communication equipment. Factors such as rising need for countries to collaborate with other nations through upgraded communication systems, as their troops are deployed in various regions under NATO and other alliances
Northrop Grumman Corporation (U.S.) is one of the key players in the software defined radio market
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=138946173
Major players in the software defined radio market are Northrop Grumman Corporation (U.S.), BAE Systems Plc. (U.K.), Elbit Systems Ltd (Israel), Thales Group (France), and L-3 Communications Holdings, Inc. (U.S.), among others.
Browse Related Reports
Military Communications Market by Communication (Airborne, Air-Ground, Underwater Communication), Component (Military Satcom, Radio System, Security System), Application (Command & Control, Situational Awareness) & by Region - Global Forecast to 2020
Network Centric Warfare (NCW) Market by Platform (Land, Air, Naval, Unmanned), Application (ISR, Communication, Computer, Cyber, Combat, Control & Command), Mission Type, Communication Network, Architecture, and Region - Global Forecast to 2021
Subscribe Reports from Aerospace & Defence Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets