LONDON--(BUSINESS WIRE)--Technavio’s global cognitive radio market research report forecasts the market to grow at a CAGR of over 13% during the forecast period.
The growing developments in 5G communication will be one of the major global cognitive radio market 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.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
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.
Looking for more information on this market? Request a free sample report
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 Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
