Bharat Book Bureau Provides the Trending Market Research Report on “Global Cognitive Radio Market Forecast to 2022” under Technology & Media. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Cognitive Radio Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period
The cognitive radio market is expected to grow from USD 3.45 billion in 2017 to USD 7.44 billion by 2022, at a CAGR of 16.6% during the forecast period. Technological advancements in the wireless communication field, optimized spectrum utilization, and the increasing adoption of the 5G technology are some of the major driving factors for the growth of the cognitive radio market across the globe.
The major issues faced by most of the organizations while incorporating the cognitive radio technology in the wireless communication ecosystem are security concerns, dynamic communication standards, and issues related to interoperability.
The professional services segment is expected to have the larger market share during the forecast period
The services segment in the cognitive radio market includes professional and managed services. The majority of the companies do not have the expertise to successfully manage their infrastructure. Therefore, they outsource these services to third-party partners to maintain the required level of security and safety. The growth of the professional services segment is mainly governed by the complexity of operations and increasing deployment of the cognitive radio technology in the wireless communication ecosystem.
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The spectrum sensing application is expected to have the largest market size during the forecast period
In the applications segment, the spectrum sensing application is expected to hold the largest market size during the forecast period. The 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. Spectrum sensing enables the cognitive radio transceiver to sense any spectrum hole or idle spectrum at a particular time, location, or band. It also identifies the way of accessing the spectrum hole without interfering the communication of the primary users.
Asia Pacific (APAC) is expected to witness the fastest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. Factors such as continual growth in the mobile network, increasing complexities of the wireless communication ecosystem, rise in demand for optimized spectrum utilization, and exponential growth in data traffic across all industry verticals are expected to drive the growth of the cognitive radio market in the APAC region. The North American region is expected to have the largest market share during the forecast period. The major growth drivers for this region are the large-scale investments in implementing cognitive radio services, due to the growth in demand for effective spectrum utilization.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
- By Company Type –Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
- By Designation –C-Level - 48%, D-Level - 37%, and Others - 15%
- By Region –North America - 22%, Europe - 45%, APAC - 26%, and Rest of the World (RoW)- 7%
The major cognitive radio vendors are BAE Systems (London, UK), Raytheon Company (Massachusetts, US), Thales Group (Paris, France), Rhode & Schwarz (Munich, Germany), Spectrum Signal Processing (Burnaby, Canada), xG Technology (Florida, US), Nutaq (Quebec, Canada), Ettus Research (California, US), Shared Spectrum Company (Virginia, US), DataSoft (Arizona, US), EpiSys Science (California, US), and Kyynel (Oulu, Finland).
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