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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
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