The Software-Defined Radio (SDR) Market is being driven by Increasing need for cost-effective solutions for smart connected devices
The Software-Defined Radio (SDR) Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20350.2 million. Software-Defined Radio (SDR) technology offers significant advantages for advanced communication systems such as Long-Term Evolution (LTE) and Fifth Generation (5G). SDRs' flexibility and reconfigurability enable them to support multiple communication standards and frequencies, making them indispensable in these networks. The Spectrum for 5G includes radio frequency ranges in low band (sub 1 GHz), mid-band (e.g., 3.3-5 GHz), and high band (e.g., 24.25-29.5 GHz and 37-43.5 GHz), which SDRs can quickly adapt to. This adaptability, coupled with improved performance and reduced costs compared to traditional radio systems, positions SDRs as essential components in LTE and 5G networks.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.4% |
Market growth 2025-2029 |
USD 20350.2 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.5 |
Key countries |
US, China, Canada, UK, Germany, Japan, India, France, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Software-Defined Radio (SDR) market encompasses technologies and applications that leverage signal processing algorithms, modulation and demodulation techniques, and channel estimation for overcoming Radio Frequency Interference. SDR facilitates data acquisition, signal analysis, and spectrum management through advanced features like spectrum sharing, spectrum auction, and over-the-air testing. Additionally, it supports Radio Frequency Identification, wireless power transfer, and wireless charging, while expanding into new domains such as Software-Defined Sensors, SDR for Telemetry, Education, and Innovation.
The Software-Defined Radio (SDR) market is a significant segment within the broader IT consulting and other services market. This market encompasses companies specializing in Radio Frequency (RF) technology, Digital Signal Processing (DSP), Cognitive Radio, and Spectrum Sensing, among others. The global IT consulting and other services market size is determined by Technavio based on the combined revenue generated by companies offering IT consulting, information management, and SDR-related services. Key growth drivers for this market include increasing government investments in advanced IT infrastructure and the implementation of Dynamic Spectrum Access technology for efficient spectrum utilization.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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