Software Defined Radio Market Size Is Expected To Reach USD 2.57 Billion By 2030
San Francisco, 1 April 2024: The Report Software Defined Radio Market Size, Share & Trends Analysis Report By Type (General Purpose Radio, TETRA), By Component, By Frequency Band, By Platform, By End-use, By Region, And Segment Forecasts, 2023 - 2030 The global software defined radio market size is expected to reach USD 49.13 billion by 2030, registering a CAGR of 8.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing substantial growth primarily owing to its inherent advantages in flexibility and adaptability. The ability to reconfigure radio functionality through software updates rather than hardware modifications makes software defined radio (SDR) highly attractive in dynamic industries, including telecommunications and defense. The surge in demand for advanced wireless communication systems, coupled with the increasing prevalence of 5G technology, contributes significantly to market’s expansion. The escalating demand for sof