The global software defined radio market is poised for growth over the forecast period. This can be attributed to several benefits the technology offers such as flexibility, cost efficiency and the power to drive communication. Traditional radio devices limit cross-functionality, which leads to high production cost and limited flexibility. However, software defined radio technology provides a comparative inexpensive solution, and is expected to favorably impact the market growth over the next few years. Software Defined Radio (SDR) technology enables software RAN solutions, which allows cellular operators to support multiple standards on a single hardware platform, including backhaul transport and shared RF equipment. Surging demand for mobility along with need for information is further expected to drive the software defined radio market growth. Furthermore, the technology provides a platform for next generation systems and terminals, which is also expected to fuel the market growth.
The technology also provides several benefits as compared to hardware-oriented approaches such as FPGA and DSP-based solutions, and is expected to spur the software defined radio market growth over the next few years. SDR base station enables portability and can be re-used, thereby minimizing the amount of code to be re-written, to keep in pace with the technological advancements. Furthermore, smartphone proliferation along with technological advancements is also expected to drive the software defined market growth over the forecast period. Rise in number of wirelessly connected devices offers avenues for market growth.
Companies focus on providing new capabilities and features across the existing infrastructure, thereby reducing capital expenditure. Key industry player include Datasoft Corporation, BAE Systems PLC, Rohde & Schwarz, Rockwell Collins and Thales SA.
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