Top 10 Manufacturers Surrounding the Industry of Software Defined Radio, 2022

Software defined radio products are a combination of software and hardware technologies that function through integrating a wide range of firmware modifiable software and firmware solutions by programmable processing technologies. SDRs further incorporate various technologies such as analog to digital and digital to analog converters, mixer, antenna, filter, digital signal processing, application-specific integrated circuits, and field-programmable gate arrays (FPGA) and other software solutions. In October 2020, General Dynamics Corporation introduced its latest model of SDR – the URC-300. Such products are designed for providing support for multiple wave fronts, in line-of-sight, ground-to-air, and other mission-critical applications. SDRs are highly capable than their traditional counterpart in terms of cross-functionality. As per a report by Fortune Business Insights™, the global software-defined radio market is projected to grow from USD 11.60 billion in 2021 to USD 16.20 billion in 2028 at a CAGR of 5.3% during the forecast period.

The market is expected to produce a higher market value during the forecast period due to increasing demand for SDRs for military application, owing to flexibility measures and increasing demand for advanced connectivity solutions such as 5G, Internet of Things (IoT), cloud, and Artificial Intelligence (AI). In addition, rising adoption of modern communication systems over conventional and traditional counterparts along with significant development in the telecommunication sector is expected to boost the growth of the market. Factors, such as rising concerns related to data privacy and security, are anticipated to hinder the growth of the market. In addition, increasing software attacks and higher power requirements are expected to restrain the growth of the market.

COVID-19 to Hinder the Market Growth Due to Decreased Manufacturing Capabilities

The impact of COVID-19 on the market is expected to be modest. The market is expected to witness a decrease in sales for software defined radio in the commercial space. These disruptions in sales are accommodated due to global economic slowdown, owing to the procurement of military electronic systems in various countries. Further, volatility in raw material prices will slow down the revival of the market during the forecast period. A huge part of the country’s spending is being diverted toward the healthcare infrastructure as coronavirus cases begin to rise. Resuming activities to pre-pandemic levels is dependent on which manufacturer the operations are up and running and the current import-export regulations present at that time.

Fortune Business Insights™ has Highlighted the Top 10 Leading Companies in the Global Market

1. BAE Systems plc (UK)

BAE Systems plc is considered as the foremost manufacturer for defense, security, maritime, land, and aerospace solutions. The revenue stream is divided into five pivotal operating segments, electronic systems, cyber & intelligence, platforms & services, air, and maritime. In July 2020, BAE Systems delivered its first modern radiation-hardened software radios (SDR) – the RAD5545 SDR.

2. Northrop Grumman Corporation (U.S.)

Northrop Grumman Corporation is striving for offering the latest in advanced technologies for aerospace, defense, cyberspace, and space sectors. It operates on four revenue pillars, aeronautics systems, defense systems, missions systems, and space systems. In May 2019, Northrop Grumman Corporation introduced the first M-code enables GPS software defined radio solution during its in-flight test. The current demonstration was fulfilled as the radio was enabled with the Air Force Research Laboratory Sensors Directorate.

3. Raytheon Technologies Corporation (U.S.)

Raytheon Technologies Corporation is a global leader, which aims to deliver highly advanced products and services for the defense and commercial aircraft space. In April 2020, United Technologies Corporation (UTC) and Raytheon Technologies Corporation merged to form Raytheon Technologies Corporation. In May 2021, Raytheon Intelligence and Space business of Raytheon Technologies Corporation received the Type-1 certification of X-Net software defined radio system from the National Security Agency in tandem with the Department of Defense.

4. Elbit Systems Ltd. (Israel)

Elbit Systems Ltd. is an international organization that is incorporated with the development of defense, homeland security, and other commercial market products. In November 2021, Elbit Systems Ltd. received a P.O. for delivering an E-LynXTM (SRD) toward integrating a battalion solution toward the Spanish Army.

5. Thales Group (France)

Thales Group provides cutting edge solutions in aerospace, transportation, defense, security, and space sectors. It generates revenue from aerospace, transport, defense & security, and digital identity & security. In March 2021, Thales Group unveiled its military radio communication under the Spanish Army’s Force 2035 experimentation plan, which includes the SYNAPS software defined radio and other line-of-sight solutions.

6. L3Harris Technologies Inc. (U.S.)

L3Harris Technologies Inc. is a global leader in the aerospace and defense technology sector. It is aimed at offering solutions for fulfilling mission critical needs & requirements. It caters products for R&D, surveillance & reconnaissance, search & rescue, airborne based observations & broadcast, and carbon monitoring. In February 2021, L3Harris Technologies Inc. won a contract for USD 7.2 million from the U.S. Air Force toward developing a wideband SDR technology that has the ability to decrease electronic warfare (EW) jamming.

7. General Dynamics Corporation (U.S.)

General Dynamics Corporation offers products and services for combat vehicles, business aviation, weapon systems & munition, IT solutions, and ship repair & building. It generates revenue from marine systems, aerospace, combat systems, information technology, and mission systems. In August 2021, General Dynamics Mission Systems of the General Dynamic Corporation introduced its Badger SDR at the U.S. Navy’s Sea-Air-Space Symposium at the National Harbor, Maryland.

8. Viasat Inc. (U.S.)

Viasat Inc. provides digital satellite communications and wireless networking services. It also offers satellite communication products in terms of information distribution systems, network control systems, terminals, modems, and simulation test equipment. In February 2021, Viasat introduced resilient, multi-path networking capabilities at the U.S. Army’s Quest 2020 exercise during which the organization displayed NetAgility’s Virtual and Mobile Software Defined Networking (SDN) features.

9. Leonardo S.p.A (Italy)

Leonardo S.p.A strives for providing immaculate solutions for aerospace, defense, and security applications as the firm is also focusing on latest technologies and advanced solutions. It generates revenue from helicopters, defense electronics & security, aeronautics, space, and other sectors. In April 2020, Leonardo S.p.A won a contract from the Boeing Company to provide the latest SWave Airborne SDR SRT-800 for NATO’s fleet of E-3A Airborne Warning and Control System (AWACS) aircraft series.

10. Rhode & Schwarz GmbH & Co. KG (Germany)

Rhode & Schwartz GmbH & Co. KG offers the latest offerings for electronic test equipment, radio communication solutions, cybersecurity system & solutions, radio monitoring & radiolocation solutions, and broadcast & media solution. In January 2020, Rohde & Schwartz GmbH & Co. KG announced that it delivered more than 10,000 R&S M3SR software defined radios for consumers across the world.

What Initiatives Are Responsible for the Slow Growth of the Industry?

Increasing military communication requirements and emergency management are expected to retain the maximum market value for the software defined radio sector during the forecast period. The pandemic has not affected the sales of product, especially pertaining to military-based applications. To keep a susceptible flow of law and order, law enforcement agencies are working with added gusto, which is expected to boost the overall demand across the globe.