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Global Software Defined Radio Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Software Defined Radio Market value is expected to reach $46.75 billion growing at a CAGR of 10.2% during 2023-2030.SDR stands for Software Defined Radio, which is a radio communication system in which components that were previously implemented in hardware is now implemented in software on a computer or embedded device. Software radios can considerably help the military and mobile phone services, both of which must support a wide range of evolving radio protocols in real-time. SDR allows for the implementation of multiple communication standards on a single platform, enabling efficient and secure confidential communications
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The market in Asia Pacific is anticipated to rise steadily over the course of the forecast period. The Asia Pacific region has a large defence sector, with countries investing heavily in modernizing their defence capabilities. SDR technology is gaining traction in defence applications due to its flexibility, interoperability, and reconfigurability. Additionally, the Asia Pacific region has witnessed a significant increase in demand for wireless connectivity, driven by the proliferation of smartphones, IoT devices, and digital services. SDR technology supports the efficient use of spectrum resources and enables wireless networks to adapt to changing demand and technologies. This flexibility and scalability make SDR an attractive solution for meeting the growing connectivity requirements of the region.
Some of the key players in Software Defined Radio market include Analog Devices, INC., Barrett Communications PTY LTD., Bharat Electronics Limited, Bittium Corporation, Collins Aerospace Systems, Datasoft Corporation, Elbit Systems Ltd., Flexradio, Harris Corporation, Huawei Technologies Co., Ltd., Inntot Technologies PVT. LTD., L3 Technologies, Inc., National Instruments Corporation, Northrop Grumman Corporation., NXP Semiconductors N.V., Pentek INC., Rafael Advanced Defense Systems LTD., Raytheon Company, Rohde & Schwarz, Saankhya Labs PVT. LTD., Stmicroelectronics N.V., Thales Group, ULTRA, ViaSat and ZTE Corporation.
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