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Software-defined radio (SDR) is a radio communications system that uses software to replace conventional radio hardware, allowing it to be reprogrammed for different frequency bands and standards. The global SDR market is expected to grow from $26.49 billion in 2014 to $13.87 billion in 2020, representing an 11.39% compound annual growth rate. North America currently makes up 26.5% of the SDR market, while military applications account for $694 million in revenue in 2014 growing to $1.32 billion by 2020.
