Software Defined Radio Market Summary

The global software defined radio market size was estimated at USD 29,491.4 million in 2024 and is projected to reach USD 47,753.9 million by 2030, expanding at a CAGR of 8.4% from 2025 to 2030. The market growth is primarily fueled by the increasing demand for flexible, multi-frequency, and interoperable communication solutions across key sectors such as defense, telecommunications, and public safety. With the growing need for advanced communication systems that can adapt to varying network environments, software defined radio (SDR) technology has emerged as a vital enabler of modern communication infrastructure.

The versatility of SDR technology, which allows seamless operation across multiple frequencies and communication protocols, is anticipated to propel market growth in the coming years. The accelerating advancements in wireless communication technologies such as 5G, Internet of Things (IoT), and satellite communication are further contributing to the increasing adoption of SDR systems. These systems offer unmatched flexibility by enabling multiple communication standards through software-based modulation techniques, making them ideal for a wide range of applications in both commercial and defense sectors.

Moreover, the growing emphasis on interoperability among diverse communication systems is driving SDR adoption across industries. SDRs facilitate seamless integration between legacy and modern networks, improving operational efficiency and situational awareness. In defense applications, SDRs enhance mission-critical communications by supporting secure, encrypted, and real-time data transmission. In the telecommunications sector, they play a key role in optimizing network performance and enabling smooth transitions between different frequency bands.

Key Market Trends & Insights

• North America software defined radio market dominated with the largest revenue share of 33.52% in 2024.
• The software defined radio market in the Asia Pacific region is expected to grow at the fastest CAGR of 9.7% from 2025 to 2030.
• The software defined radio market in Europe is expected to grow at a considerable CAGR of 8.2% from 2025 to 2030.
• Based on component, the hardware segment led the market with the largest revenue share of 41.16% in 2024.
• Based on end use, the aerospace & defense segment led the market with the largest revenue share of 23.90% in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 29,491.4 Million
• 2030 Projected Market Size: USD 47,753.9 Million
• CAGR (2025-2030): 8.4%
• North America: Largest market in 2024

Key Companies & Market Share Insights

Some of the key players operating in the market include RTX Corporation and Northrop Grumman Corporation, among others.

• RTX Corporation is an aerospace and defense company formed through the merger of Raytheon Company and United Technologies Corporation. The company focuses on delivering advanced technology solutions for both military and commercial applications. The Collins Aerospace subsidiary is particularly notable for its software-defined radio (SDR) systems, which enhance communication capabilities across various platforms, ensuring secure and reliable connectivity.
• Northrop Grumman Corporation is a global aerospace and defense technology company specializing in innovative solutions for military applications. With a strong emphasis on research and development, the company provides cutting-edge software-defined radio systems that enhance communication capabilities in complex operational environments. The company operates through several segments, including aerospace systems, mission systems, defense systems, and space systems, focusing on areas such as unmanned systems, cyber security, and advanced weapons.

BAE Systems plc and Leonardo S.p.A are some of the emerging participants in the global market.

• BAE Systems plc is a global defense, security, and aerospace company that specializes in providing advanced technology solutions, including software-defined radios (SDRs). The company is recognized for its commitment to innovation and high-quality products tailored for military applications. The company has invested significantly in research and development to enhance its SDR offerings, which include the RAD5545, a modern radiation-hardened software radio designed for secure communications in challenging environments.
• Leonardo S.p.A. is a multinational aerospace and defense company that plays a vital role in the software-defined radio market through its innovative communication solutions. The company focuses on developing advanced SDR technologies that enhance operational capabilities for military and civilian applications. The company's expertise in electronic warfare, avionics, and secure communications enables it to deliver cutting-edge SDR systems that ensure interoperability and resilience in dynamic environments.

Key Players

• L3Harris Technologies, Inc.
• RTX Corporation
• Thales Group
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems Plc
• Elbit Systems Ltd.
• Leonardo S.p.A.
• Collins Aerospace
• Rafael Advanced Defense Systems Ltd.

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Conclusion

The global software defined radio market is witnessing significant growth, supported by increasing adoption across defense, public safety, and telecom applications. The rising need for adaptable, multi-band communication systems is a key factor fueling the demand for SDRs. North America continues to dominate due to high defense investments and technological advancement, while Asia Pacific is expected to register the fastest growth driven by expanding wireless infrastructure and government initiatives. Hardware remains the largest component segment, supported by ongoing innovation in RF and signal processing technologies. As global connectivity demands evolve, SDRs are poised to remain at the forefront of next-generation communication systems.