Cognitive Radio Market Size Worth USD 10.27 Billion at CAGR of 10.67%, By 2027 – Reports and Data
Cognitive size of the radio market – 4.1 billion USD in 2019, Market growth – CAGR of 10.67%, Market trends – Growing demand for 5G technologies.
New York, New York, USA, September 22, 2021 /EINPresswire.com/ – The growth of the technology and 5G market is a crucial factor contributing to the growth of the cognitive radio market, as it has been adopted worldwide by organizations to improve the customer experience, gain a competitive advantage over the wireless communications industry and improve return on investment (RoI).
The Cognitive radio market is expected to grow from $ 4.1 billion in 2019 to $ 10.27 billion by 2027 with a CAGR of 10.67% over the forecast period. Cognitive radio is witnessing a quantum leap in the market, as it improves satellite communication, helps to overcome the shortage of radio spectrum and provides improved quality of service. The ease with which cognitive radio detects and switches to a free channel, avoiding busy ones, helps to optimize the use of available radio frequency (RF) spectrum and minimizes interference to other users.
Demand for 5th generation wireless systems is gaining momentum with increasing data traffic, increasing mobile devices and growing number of mobile applications. However, security considerations and high channel interference are major constraints on market growth. Organizations are inhibited so as not to lose important confidential information.
Major players in the cognitive radio market include BAE Systems (UK), Raytheon Company (USA), Thales Group (France), Rhode & Schwarz (Germany), Spectrum Signal Processing (Canada), xG Technology (USA), Nutaq Canada), Ettus Research (USA), Shared Spectrum Company (USA), DataSoft (USA), EpiSys Science (USA) and Kyynel (Finland).
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Other key findings of the report suggest
• The growth of the cognitive radio market is directly fueled by the demand for 5G applications among its various application sectors, such as telecommunications, government and defense, telecommunications, energy and utilities, and healthcare. The driving force is the increase in demand for mobile devices and connected mobile applications, which raises the demand for a 5th generation wireless system, which in turn strengthens the cognitive radio market.
• Cognitive radio is used in various sectors, including transport, energy and utilities, government and defense, telecommunications and healthcare. This technology also helps all other sectors such as the cable market and defense. It also finds its application in military applications, providing a cost-effective, interference-resistant, mobile, frequency and flexible wireless system.
• With regard to the end-user segment, the government and defense segments are expected to retain the largest market with a CAGR of 12% over the forecast period. Governments around the world are focusing on improving and implementing modern communication technologies, such as cognitive radios and software-defined radio (SDR), to suit the modern nature of war and to protect people.
• The market for cognitive radio for managed services is expected to show faster growth due to increased acceptance of third-party infrastructure services for managing wireless communication devices in companies and in various industries. Managed service providers are responsible for all hardware and software functions, while organizations are only concerned with updating and installing business applications and configuring company policies.
To identify the main trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cognitive-radio-market
For this report, the market is divided into segments based on component, end-use application, end-user and region:
Component forecast (revenue, millions of US dollars, 2017-2027)
Radio control and reconfiguration tools
Policy and Configuration Database Manager
Outlook Outlook (Revenue, million USD, 2017-2027)
Outlook for the end user (revenue, millions of dollars, 2017-2027)
Government and defense
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Regional Perspectives (Revenues, Millions of USD, 2017-2027)
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