The global Cognitive Radio Market size is expected to reach USD 24.69 billion by 2030 and is expected to expand at a CAGR of 18.6% from 2022 to 2030. The emergence of 5G technology and increasing demand for advanced wireless communication devices in the government and defense sector is expected to fuel the demand for cognitive radios in the forecasted period. The demand for cognitive radios has increased owing to its benefits, such as optimized radio frequency spectrum and integration with Artificial Intelligence (AI) and Machine Learning (ML), making the system more efficient. Furthermore, the ability to overcome radio spectrum scarcity to improve satellite communications and enhance service quality is resulting in the faster adoption of cognitive radios worldwide, consequently driving the market globally.
The emergence of 5G technology is expected to empower
various industries to access connected devices to improve bandwidth, latency
limitations, and performance on connectivity. The 5G wireless networks are expected
to provide low end-to-end latency, ubiquitous connectivity, improved energy
efficiency, higher data transfer rates, and much higher system capacity. The
cognitive radio network allows for dynamic spectrum sharing, which is necessary
for 5G architecture. Therefore, the rapid adoption of 5G technology worldwide
is likely to boost the global market for cognitive radio over the forecast
period.
Cognitive radio is majorly adopted in the defense and
government segment owing to the increasing demand for advanced and secured
wireless communications. The technology has enabled government and defense
organizations to shift from traditional hardware such as amplifiers,
modulators, and mixers to Software-defined Radio (SDR), allowing them to
overcome radio spectrum scarcity and improve satellite communications.
However, the rising concerns related to communication
security hamper cognitive radios' growth. The inadequacies and vulnerable
elements generated by the nature of cognitive radio may negatively impact security
requirements and Quality of Service (QoS) delivery for the entire network,
creating high chances open to attackers compared to traditional wireless
networks. Moreover, technological advancements in the future are expected to
overcome the issues related to communication security.
Related Press Release@ Cognitive Radio Market Report
Cognitive Radio Market Report
Highlights
- By components, the software segment is estimated to witness a
significant growth rate through 2030. The growth can be attributed to the
flexibility offered by cognitive radios resulting in their adoption in
telecommunication, defense, and government segments
- By application, the spectrum sensing segment is anticipated to grow
significantly over the forecast period owing to its ability to prevent
harmful interference with licensed users and improve spectrum utilization
by identifying the available spectrum
- By end-use verticals, the telecommunication segment is expected to
record the highest revenue share of the market by 2030. The cognitive
radio provides a favorable atmosphere to implement 5G technology as it
meets the capacity demand of the spectrum of 5G wireless communication
- Integrating cognitive radio with cloud computing, artificial
intelligence, and machine learning and ongoing research and development
efforts to strengthen network capabilities and provide secure wireless
communication are some key strategies major market players adopt to
increase their market share
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