Cognitive radio refers to a smart radio, which is capable of sensing external environment, learning from history, and making smart decisions to adjust its transmission parameters to the current state of environment. In addition, it also uses a number of technologies such as software defined radio (SDR) and adaptive radio to replace traditional hardware components including mixers, modulators, and amplifiers with intelligent software. Cognitive radio technology has many benefits such as it improves satellite communications, overcoming radio spectrum scarcity, and provides enhanced quality of service, owing to which it is being adopted by industry verticals, which drives cognitive radio market growth.
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Optimized spectrum utilization and technological advancements in cognitive radio are the key factors that drive the market growth. In addition, increase in adoption of 5G technology among various industries fuels the growth of the market. However, lack of awareness among industry experts and high implementation cost can hamper the market growth. Furthermore, integration of machine learning and AI intelligence with cognitive radio technology to make systems more efficient is expected to provide lucrative opportunities for the market.
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North America is anticipated to have the highest market share, owing to the early adoption of cognitive radio technology by industry verticals and presence of prominent players in the U.S. In addition, Asia-Pacific is anticipated to witness the highest growth during the forecast period, owing to rise in adoption of mobile devices in developing countries such as China, India, and Japan. Internet use in the region is rising exponentially. Network slicing further helps telecom operators to manage rise in network traffic by creating multiple virtual network slices, which would ensure the market growth.
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Key benefits of the report:
- This study presents the analytical depiction of the cognitive radio market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the cognitive radio market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
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