Software Defined Radio Market Led by G7 Nations Rising at 12.39% CAGR to 2021
PUNE, India, November 16, 2016 /PRNewswire/ --
The software defined radio 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% dominated by Defense segment while G7 Nations accounted for a largest share and BRICS is the fastest-growing regional market for software defined radio.
Complete report on software defined radio market spread across 246 pages, profiling 10 companies and supported with 93 tables and 60 figures is now available at http://www.reportsnreports.com/reports/275958-software-defined-radios-market-defense-commercial-homeland-security-forecast-analysis-to-2014-2020.html .
Demand for advanced communication systems to replace legacy equipment, network interoperability, compatibility of devices with future standards, universal connectivity, and reduced cost of end products and services are some the major factors driving the software defined radio market. However, high development cost and integration issues have been restraining the market growth.
The defense segment dominates the software defined radio market. The global defense forces are investing heavily in new technologies to modernize their forces and determine the best technology that offers exceptional performance in the long run with lesser development cost.
G7 Nations dominates the software defined radio market. The market in the region is mainly driven by the increasing demand for SDR across various sectors, such as military, public safety, and commercial. BRICS is expected to exhibit the highest growth rate in the software defined radio market during the forecast period. This growth can be attributed to the growing global demand for military equipment, which is boosting the investments related to the retooling of the existing processes and expanding the technical capacities of the SDR market, particularly in Asia.
Key players profiled in the software defined radio market report include 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. Order a copy of 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 research report at http://www.reportsnreports.com/purchase.aspx?name=275958 .
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. In the process of determining and verifying, the global software defined radio market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (35%), Director Level (25%) and others (40%) from various key organizations operating in the software defined radio market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%) and Row (5%).
On a related note, another research on Software Defined Wide Area Network Market Global Forecast to 2020 says, controllers are expected to gain the maximum traction during the forecast period. Increasing need for mobility services to drive the SD-WAN market. The overall market size is estimated to grow from USD 4.66 billion in 2015 to USD 5.57 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 3.64%. Companies like Aryaka Networks, Inc., Cisco systems, Inc., Talari Networks, Inc., FatPipe Networks, Inc., Mushroom Networks, Inc., Glue Networks, Inc., Velocloud, Netcraftsmen and Viptela, Inc. have been profiled in this 124 pages research reports available at http://www.reportsnreports.com/reports/456417-software-defined-wide-area-network-market-by-components-virtual-appliance-physical-appliance-hybrid-deployment-type-on-premises-on-cloud-service-managed-services-professional-services-verticals-by-regions-global-forecast-to-2020.html .
Explore more reports on the IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .
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