Market Size – USD 4.1 billion in 2019, Market Growth – CAGR of 10.67%, Market Trends – Increasing Demand for 5G Technology.
The Cognitive Radio market is expected to grow from USD 4.1 billion in 2019 to USD 9.23 billion by 2026, at a CAGR of 10.67% during the forecast period. Cognitive Radio has witnessed a quantum leap in the market as it improves satellite communications, helps to overcome radio spectrum scarcity, and provides enhanced quality of service. The ease with which cognitive radio detects a vacant channel and switch to it avoiding the occupied ones helps to optimize the use of available radio-frequency (RF) spectrum and minimizes interference to other users.
Demand for 5th generation wireless systems is gaining traction with the surging data traffic, an increase in mobile devices a rising number of mobile applications. However, security concerns and high interference of channels are major restraining factors in the growth of the market. The organizations inhibit itself so as not to lose important confidential information.
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Further key findings from the report suggest
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For this report, the market has been divided into segments on the basis of Component, End-Use Application, End-User, and Region:
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