What Happened
Growing Demand for Multi-Standard Wireless Communication Systems Drives Growth
The Software Defined Radio market is poised for substantial growth, driven by increasing demand from defense, public safety, and commercial sectors. The market is expected to exceed $40 billion by 2030, with North America leading the global market. The joint tactical radio system segment will be the largest, comprising 33% of the market. According to a report by The Business Research Company, the market is forecasted to grow at a CAGR of 8% leading up to 2030.