The Software Defined Radios Market was estimated at US$ 11.5 Billion in 2021 and is expected to grow at a CAGR of 4.7% during 2022-2028 to reach US$ ~15.3 Billion in 2028.
Over the years, there has been a fast change in the requirements for communications systems for various operations carried out by military forces, space agencies, and government bodies. The earlier-developed software-defined radios (SDRs) are now largely insufficient to accommodate the various activities in the present-day communication systems.
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