Find out What Are the Major Factors Behind the Cognitive Radio Market to Boom at Global Industry

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The Cognitive Radio Market is expected to grow from US$ 3.45 Billion in 2017 to US$ 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.

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.

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 Break-up of profiles of primary participants is given below:
• 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%

Report Highlights:
The Objective of the study is to define, describe, and forecast the global cognitive radio market on the basis of components (software tools, hardware, and services), software tools (radio control and reconfiguration tools, spectrum analyzer, and policy and configuration database manager), hardware (transmitter and reciver), services (proffesional services and managed services), applications (spectrum sensing, spectrum analysis, spectrum allocation, location tracking, and cognitive routing), end-users (government and defense, telecommunication, transportation, and others), and regions [North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America].

Top Companies profiled in the Cognitive Radio Market include 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), Data Soft (Arizona, US), EpiSys Science (California, US), and Kyynel (Oulu, Finland).

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Target Audience for Cognitive Radio Market: Original Equipment Manufacturers (OEMs), Military and defense organizations, Software service providers, Subcomponent manufacturers, Communication equipment manufacturers, Technology support providers.

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This release was published on openPR.