Global Cognitive Radio Market is expected to reach US$ 9.84 Bn by 2024 from US$ 3.42 Bn in 2016 at CAGR of 16.3% during a forecast period.
Cognitive radio market is segmented by component, application, end-user, and geography. In terms of component, the cognitive radio market is classified into software, hardware, services. Based on application, the cognitive radio market is categorized into spectrum sensing, spectrum analysis, spectrum allocation, location tracking, and cognitive routing. On the basis of end-user, the cognitive radio market is segmented into government and defense, telecommunication, transportation. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Cognitive radio is a form of wireless communication technology in which a transceiver intelligently detects the communication channels in use and the ones which are not, and instantly moves into vacant channels while avoiding occupied ones. One of the major drivers for this market is the adoption of cognitive radio for public application. Primary driving factors for the market growth are the increase in adoption of the 5G technology and technological advancements in the wireless communication field. Technology helps to overcome radio spectrum scarcity, develop satellite communications and provides enhanced quality of service. This feature has been leading to its wide adoption and thus has been driving the cognitive radio market. Furthermore, effective use of pattern is also fuelling the market. So, issues regarding security and concerns related to interoperability within the business are inhibiting the market. Based on a component, Demand for services is anticipated to grow with the evolution of the cognitive radio market, specifically for managed services. Managed services segment is projected to have a faster growth rate during the forecast period. Managed service providers take care of all the hardware and software functions, while organizations are only responsible for updating and installing business applications and configuring company policies. On the basis of application, Spectrum sensing application is anticipated to witness the fastest market growth, during the forecast period. Spectrum sensing application of the cognitive radio involves observing and updating the status of the spectrum and the movement of the licensed or primary user by periodically sensing the frequency band. This identifies the way of accessing the spectrum hole without interfering the communication of the primary users. In terms of region, North America is anticipated to be the most competitive region in the cognitive radio market during the forecast period. North America, among all the regions, have shown the maximum adoption of cognitive radio technology, due to its early implementation in the majority of verticals. The region is estimated to hold the largest market share during the forecast period. APAC region is expected to be the fastest-growing region in the cognitive radio market. Some of the key players in the cognitive radio market are BAE Systems, Raytheon Company, Thales Group, Rhode & Schwarz, Spectrum Signal Processing, xG Technology, Nutaq, Ettus Research, Shared Spectrum Company, DataSoft, EpiSys Science, and Kyynel.AE Systems, Vecima Networks, Rohde & Schwarz, Wireless Inc.
The Scope of the Global Cognitive Radio Market
Global Cognitive Radio Market by Component
• Software • Hardware • Services
Global Cognitive Radio Market by Application
• Spectrum sensing • Spectrum analysis • Spectrum allocation • Location tracking • Cognitive routing
Global Cognitive Radio Market by Application
• Government and defence • Telecommunication • Transportation
Global Cognitive Radio Market by Region
• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America
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