Most of the current speckle reduction system uses various filters .There are various filters for reducing the speckle noise reduction. But due to some drawbacks these traditional filters cannot remove speckle noise efficiently. So a hybrid technique speckle noise reduction using anisotropic filter based on wavelets is used. In this paper the necessary idea of an uncorrupted image from the noisy image is identified as “denoising”. Choosing the most excellent way plays a very important role for getting the desired image. So in this thesis report a study is made on “Speckle Noise reduction using anisotropic filter based on wavelets”. There are various existing techniques to remove the speckle noise reduction but due to some drawbacks these techniques cannot remove speckle noise efficiently.