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Share: ResearchAndMarkets.com s offering. The global software defined radio market is estimated to be USD 11.4 billion in 2020 and is projected to reach USD 14.5 billion by 2025, at a CAGR of 4.9% during the forecast period. Factors such as the rising adoption of SDRs in telecommunications and numerous technological developments in software-defined radios are likely to drive the market growth. The increasing demand for software-defined radios in advanced communication systems utilized for important missions in the aerospace sector will spur market growth. COVID-19 has affected the software-defined radio market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not majorly affected the demand for software-defined radio in defense applications.

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