Global Cognitive Radio Market 2018-2022 | Rising Developments in 5G Communication to Drive Growth | Technavio
LONDON--(BUSINESS WIRE)--Sep 24, 2018--Technavio’s global cognitive radio market research report forecasts the market to grow at a CAGR of over 13% during the forecast period.
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Technavio has published a new market research report on the global cognitive radio market for the period 2018-2022. (Graphic: Business Wire)
The growing developments in 5G communication will be one of the major trends during 2018-2022. In June 2018, Verizon and Nokia became successful companies to deploy commercial 5G over the 3GPP New Radio 5G standard. This reflected the deployment and use of 5G by consumers and businesses. Thus, there will be an unutilized or underutilized spectrum that will create the need for devices such as a cognitive radio for effective utilization.
According to Technavio analysts, one of the key drivers for the global cognitive radio market is the detection of the unused spectrum:
Global cognitive radio market: Detection of unused spectrum
The growth of the IoT technology and the number of connected devices is being driven by the rising applications of network sensors in physical devices for remote controlling and monitoring purposes. The efficient use of spectrum is essential to support this growth in number of IoT devices. This is anticipated to boost the cognitive radio market growth during the forecast period.
According to a senior research analyst at Technavio, “The implementation of 5G technology is anticipated to have a positive impact on the global cognitive radio market. Considering the vast number of devices, which will be enabled with IoT with the help of 5G, there will be a huge data traffic in the spectrum that needs to be channelized for efficient utilization. Thus, the cognitive radio market will witness high demand during the forecast period.”
Global cognitive radio market: Segmentation analysis
The global cognitive radio market analysis report provides market segmentation by end-user (government and defense and telecommunication) and by region (the Americas, APAC, and EMEA). This cognitive radio market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major end-users, the government and defense segment held the largest cognitive radio market share in 2017, contributing to almost 29% of the market. This end-user segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 42% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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