According to the research report "Cognitive Radio Market by Component (Software Tools, Hardware, and Services), Application (Spectrum Sensing, Spectrum Analysis, Spectrum Allocation, Location Tracking, and Cognitive Routing), End-User, and Region - Global Forecast to 2022", published by MarketsandMarkets, the market size is expected to grow from $3.45 Billion in 2017 to $7.44 Billion by 2022, at a Compound Annual Growth Rate (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 factors that are expected to drive the growth of the global Cognitive Radio Market. Furthermore, the rising adoption of the cognitive radio technology in government and defense organizations and increasing demand for the cognitive radio technology in commercial applications are expected to provide significant opportunities for the growth of the Cognitive Radio Market.
- The government and defense end-user is expected to be the largest contributor in the Cognitive Radio Market during the forecast period.
- The managed services segment is expected to grow at a higher CAGR during the forecast period.
- North America is expected to have the largest market share during the forecast period.
- 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).
For even greater insight, browse the Cognitive Radio Market report.