The global software defined radio market is anticipated to grow at a CAGR of 12.5 % during 2016 to 2022. The market has generated the revenue $17.40 Billion in 2015 and is anticipated to reach up to $ 34.54 Billion by 2022. Network interoperability, spectrum reuse, compatibility of devices with future standards, ubiquitous connectivity, reduced cost of end products and services helps to increasing the market of cross-platform and mobile advertising.
The market is further segmented into component and application. On the basis of component, the market is further segmented into field programmable gate array, digital signal processor, general purpose processor, programmable system on chip, amplifier and software. The software market is further segmented into common object request broker architecture, software communications architecture, real time operating systems and development tools. similarly, based on application the market is further segmented into military, telecommunication infrastructure, short range communication, positioning, transportation and public safety/civilian government. The increasing demand for secure and reliable communication devices for the civilian and military applications has raised the demand for software defined radio market for communication. Software defined radio is a radio communication technology in which all or some of the physical layer functions are software defined. The force of the software defined radio technology will affect the electronic component manufacturers, handset manufacturers, OEM suppliers, end users and network operators. Various projects have been started for the development of software defined radio such as the European Secure Software Defined Radio (ESSOR), US Joint Tactical Radio System (JTRS) program and Speak Easy radio program, among others.
On the basis of geography, the global software defined radio market is segmented into North America, Europe, Asia pacific and rest of the world. The North America holds the largest market share as owing to high advancement of technology followed by Asia pacific.
Some of the notable players of the market are BAE Systems Plc, Data soft Corporation, Flex radio Systems Inc., Harris Corporation, Itt Corporation, L3 Communication Holdings Inc., Northrop Grumman Corporation, Raytheon Co., Rockwell Collins Inc. and Thales Defense & Security Inc. Acquisition, merger, innovation are the major key strategies which helps to sustain in the market. For example: in 2014, BAE Systems has completed the acquisition of Perimeter Internetworking Corp., which trades as Silver Sky, a commercial cyber service provider. The consideration of $232.5 million (approximately £144.4 million) has been funded from BAE Systems' existing cash resources. In 2015 Harris Corporation completed its previously announced acquisition of Exelis Inc. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent.