Software Defined Radio Companies - L3Harris Technologies, Inc. (US), Raytheon Technologies Corporation (US) are the Key Players
The Software Defined Radio Market is projected to grow from USD 10.0 Billion in 2022 to USD 12.5 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 4.6% from 2022 to 2027.
The applications of communication systems developed previously over a decade were limited owing to the lack of interoperability across the spectrum along with their limited functions within a specified bandwidth. Such limitations are anticipated to curb the ability of these systems to fulfill the existing and future communication requirements of the users. This has also propelled several government authorities to focus on the development and procurement of new software defined radios that cater to data, video, and voice communications coupled with high interoperability.
To know about the assumptions considered for the study download the pdf brochur
The increasing usage of intra-squad radios allowing soldiers to improve their interconnectivity will contribute to the software defined radio market’s growth. Rising demand for innovative communication systems and reduced cost of new products & services are major factors that will influence the software defined radio market growth. On the other hand, high development costs and integration issues may act as a hurdle to the market’s growth.
The US, the UK, France, and Israel are some of the key players in software defined radios, whereas regions such as North America and Asia Pacific are the prime markets for component manufacturers and distributors. This report further analyses the market drivers, restraints, opportunities, and challenges to assess the impact of these factors on the market.
Major Software Defined Radio Companies Include:
- L3Harris Technologies, Inc. (US)
- Raytheon Technologies Corporation (US)
- Northrop Grumman Corporation (US)
- General Dynamics Corporation (US)
- Thales Group (France)
These players have adopted various growth strategies such as contracts, agreements, acquisitions, expansions, new product launches, partnerships & certifications, investments, venture capital funding, new service launches, and research & development (R&D) activities to further expand their presence in the software defined radio market.
L3Harris Technologies, Inc. is ranked first in the software defined radio market. It is a key player in the US market, generating approximately 81% of its revenue from the country. The Communication Systems segment of the company offers integrated system solutions for the US and international defense and public safety networks. The company provides SDR systems that connect forces with communications satellites to deliver their data and mission-critical insights not just over the horizon but anywhere on Earth. In April 2020, L3Harris Technologies, Inc. secured a contract for a third low-rate initial production (LRIP) order valued at USD 95 million from the US Army, under the HMS (Handheld, Manpack & Small Form-Fit) IDIQ contract, to supply AN/PRC-158 multi-channel radios.
Raytheon Technologies Corporation
Raytheon Technologies Corporation is ranked second in the market. This US-based company is a key supplier of software defined radios to the US military. The software defined radios offered by the company cater to defense as well as commercial applications. The company’s product offering includes QNT- 200- Software- Defined Radio, RT-2071C Secure CDL ISR SCISR Radio, TACR-16DL TacNet Tactical Radio, HFS-900D / CPL-920D High Frequency Radio Set, VHF-2100 Very High Frequency Transceiver, VHF-2200 Multi-channel Software-Defined Radio, RT-2200A Wideband HF Radio, 721S Blade Ground V/UHF Radio, and TruNet AN/PRC-162 (V)1 Networked Communications Ground Radio
In September 2020, Collins Aerospace, a business segment of Raytheon Technologies Corporation, provided the US armed forces with 11,313 of its AN/ARC-210(V) software-defined radios (SDRs) under a USD 316.73 million contract modification from the Naval Air Warfare Center Aircraft Division.
Thales secures the third position in the software defined radio market. It is a holding company engaged in the manufacturing, marketing, and sale of electronic equipment and systems for the aeronautics, naval, and defense sectors. Thales is one of the world’s leading providers of the precise sighting, detection, and identification systems and solutions to the defense industry. The company functions as a prime contractor, aircraft electrical equipment supplier, systems integrator, and value-added service provider for civil and military programs. The company’s Aerospace segment comprises various business divisions, namely, flight avionics, connected in-flight entertainment, microwave tubes, and space solutions. The company also offers software defined radio products and solutions under this segment.
Founded in 1952 and headquartered in Virginia (US), General Dynamics is a leading defense contractor with 100,700 employees as of December 2020. It is a public limited company listed on the New York Stock Exchange, with the ticker symbol GD. The company operates through four business segments: Information Technology, Aerospace, Marine Systems, and Combat Systems. Key subsidiaries of General Dynamics include General Dynamics SATCOM Technologies, General Dynamics Advanced Information Systems Inc., General Dynamics C4 Systems Inc., General Dynamics Land Systems Inc., and General Dynamics Ordnance and Tactical Systems Inc. The company has a presence in North America, Europe, Asia Pacific, Africa, the Middle East, and South America.
Founded in 1994 and headquartered in Virginia (US), Northrop Grumman Corporation offers solutions in the autonomous systems, cyber, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance), strike, and logistics & modernization segments. Northrop Grumman has a strong focus on innovation and development, which enhances its existing products and services. The company develops new products and services to meet its customers’ changing needs and requirements and address new market opportunities. In FY2021, the company spent USD 1,100 million on research & development, which enabled the development of aeronautics systems, defense systems, mission systems, and space systems. The company offers a portfolio of capabilities and technologies that enables it to deliver products, systems, and solutions for applications ranging from undersea to outer space and into cyberspace. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems. Aerospace Systems’ customers, primarily the US DoD and other government agencies of the US, use these systems in mission areas, including intelligence, surveillance, and reconnaissance (ISR), strike operations, communications, earth observation, space science, and space exploration
Related Reports:
Software Defined Radio Market by Platform (Airborne, Maritime, Land, Space), Application (Government & Defense, Commercial), Component (Hardware, Software), Type, Frequency (Single Band, Multi-Band) and Region - Global Forecast to 2027
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
