The global Cognitive Radio Market is expected to grow from USD 3.45 billion in 2017 to USD 7.44 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period. The cognitive radio technology assists in resolving the spectrum crisis issue by effectively utilizing the available spectrum holes, without interfering the licensed or primary users’ communication. The main driving factors for the market growth are technological advancements in the wireless communication field, optimized spectrum utilization, and the increasing adoption of the 5G technology.
The cognitive radio market is segmented on the basis of components into software tools, hardware, and services. The services segment is expected to grow at the highest CAGR during the forecast period. The increasing adoption of the cognitive radio technology is expected to generate high demand for the related services, globally.
On the basis of software tools, the cognitive radio market is segmented into radio control and reconfiguration tools, spectrum analyzer, and policy and configuration database manager. The spectrum analyzer segment is expected to grow at the highest CAGR during the forecast period. In the cognitive radio architecture, the spectrum analyzer plays a very important role. It helps the cognitive radio in effectively analyzing the sensed spectrum and further allocating the appropriate spectrum to the wireless devices.
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On the basis of hardware, the cognitive radio market is segmented into transmitter and receiver. The transmitter segment is expected to grow at a higher CAGR during the forecast period. The transmitters used in cognitive radios incorporate various functionalities that are software-defined. They help replace the hardware components, thereby making the operations software-driven.
By service, the cognitive radio market is segmented into professional services and managed services. The managed services segment is expected to grow at a higher CAGR during the forecast period. Managed services help organizations increase their efficiency and reduce costs for managing on-demand cognitive radio services.
On the basis of applications, the cognitive radio market is segmented into spectrum sensing, spectrum analysis, spectrum allocation, location tracking, and cognitive routing. The spectrum analysis application is expected to grow at the highest CAGR during the forecast period. In spectrum analysis, the information fetched from spectrum sensing is analyzed to gain knowledge about the spectrum holes, including details such as duration of availability, interference estimation, and collision probability with the primary users, due to sensing errors. Furthermore, the result is used to decide the critical parameters for the transmission of the signals.
On the basis of end-users, the cognitive radio market is segmented into government and defense, telecommunication, transportation, and others (energy and utilities, and healthcare). The telecommunication segment is expected to grow at the highest CAGR during the forecast period. The exponential increase in mobile data traffic and the current spectrum scarcity have resulted in the higher adoption of cognitive radios in the telecommunication sector.
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The Asia Pacific (APAC) region is expected to witness the highest growth rate during the forecast period in the cognitive radio market. In the APAC region, there is an increased demand for the cognitive radio technology, due to the massive growth in data traffic. Cognitive radios bring innovations in the wireless communication field.
The major vendors in the cognitive radio market 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). New product launches, partnerships, and contracts are the key strategies adopted by these market players to offer feature-rich products and services to their customers and penetrate deeper into the unserved regions.
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