Scope of the Study
The global software defined broadcasting market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising adoption in the applications such as telecommunication, homeland security, industrial, commercial, and rising military expenditure across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth in 2020 due to the current pandemic but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Aerospace & Defense, Telecommunication, Public Safety and Others) and major geographies with country level break-up.
Aselsan (Turkey), BAE Systems (United Kingdom), Elbit Systems (Israel), General Dynamics (United States), Huawei (China), Leonardo (Italy), L3Harris Technologies, Inc. (United States), National Instruments (United States), Northrop Grumman (United States), Rockwell Collins (United States), Rohde & Schwarz (Germany), Thales Group (France), Viasat, Inc. (United States) and ZTE (China) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Software Defined Broadcasting market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Software Defined Broadcasting market by Type, Application and Region.
On the basis of geography, the market of Software Defined Broadcasting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Adoption of Software Defined Radio in Telecommunication Sector
- Increasing Military Expenditure Across the World Generating the Demand for Tactical Communications
- Rising Demand from Homeland Security, Industrial, and Commercial Applications
- Implementation of Artifical Intelligence in the Software Defined Broadcasting Platforms
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region Propelled by Growing Economies
- High Cost of Solutions & Requirement of Highly Skilled Professionals
Market Leaders and their expansionary development strategies
In June 2019, Harris Corporation announced that it has completed the merger with L3 Technologies and the merged company is named as L3Harris Technologies Inc.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Significant Decline in the Growth of the Market in 2020
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