Software-Defined Radios Market size to grow by USD 12.89 billion from 2022-2027

NEW YORK, Jan. 24, 2024 /PRNewswire/ — The global software-defined radios market size is estimated to grow by USD 12.89 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8% during the forecast period. The key players include ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., General Dynamics Corp., Huawei Technologies Co. Ltd., Indra Sistemas SA, L3Harris Technologies Inc., Leonardo Spa, Mercury Systems Inc., Northrop Grumman Systems Corp., NXP Semiconductors NV, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Rohde and Schwarz GmbH and Co. KG, Rolta India Ltd., Thales Group, Ultra Electronics Holdings Plc, Viasat Inc., and ZTE Corp. and others. These players focus on product launches, partnerships, collaborations, and acquisitions to enhance their market presence and gain a competitive advantage. The software-defined radios market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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