Cognitive Radio Market Size Worth $32.26 Billion By 2032 | CAGR: 17.5%

The global cognitive radio market size is expected to reach USD 32.26 billion by 2032, according to a new study by Polaris Market Research. The report “Cognitive Radio Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services), By Application (Cognitive Routing, Spectrum Sensing), By End-use Vertical, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth prospects of the market are directly linked to the advancement of cutting-edge technologies, especially 5G, and the increasing adoption of cognitive radios (CRs) within defense and government organizations. The appeal of optimized spectrum utilization and reduced power consumption has fueled the adoption of CRs to meet evolving technological requirements.

The emergence of 5G technology is a crucial catalyst for the market's growth. The widespread use of mobile phones, advancements in wireless communication devices, and the persistent surge in data traffic, along with improved network performance in critical areas such as data capacity, energy usage, bandwidth efficiency, latency, throughput, and cost, all together contribute to the establishment of 5G networks. This development is expected to push the market's expansion throughout the forecast period.

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The substantial impact of cognitive radio (CR) adoption is expected to be felt with their integration into cloud computing and the Internet of Things (IoT). IoT devices have become prominent in communication, leveraging the internet for operational functionalities. As these devices efficiently gather and exchange data, the effective utilization of the spectrum becomes crucial. Cognitive radio plays a pivotal role in wireless communication via unused spectrum portions for wireless systems. Integrating with cloud computing enhances the performance of cognitive radio networks and also maintains security.

Companies in the market are actively adopting various strategies such as mergers, acquisitions, partnerships, and innovations to enhance their product offerings and strengthen their position in the industry. For instance, in March 2023, Thales Group received a contract from the Austrian Ministry of Defense to provide SquadNet tactical radios, supporting the Austrian Army's digital transformation. Similarly, in August 2023, Rohde & Schwarz and MediaTek partnered to validate the 5G RedCap testing platform according to the 3GPP Release 17 standard. These strategic initiatives, coupled with technological advancements, are expected to drive the market's growth over the forecast period.

Moreover, in September 2023, Rohde and Schwarz collaborated with Greenerwave to validate Reconfigurable Intelligent Surface (RIS) modules, showcasing their ability to improve wireless communication efficiency, particularly in 5G FR2. This research lays the foundation for progress in 6G technology.

Cognitive Radio Market Report Highlights

• Services segment will grow with rapid pace, owing to its system integration services, which enhances communication between two systems
• Spectrum sensing segment held the largest share, due to efficient use of spectrum and its access to its end users
• North America accounted for the largest share, due to favorable government policies, and innovations in the sector
• The key market players include BAE Systems, DataSoft Corporation, EpiSys Science, Ettus Research, Kyynel, Nutaq, Raytheon Technologies, & Shared Spectrum

Polaris Market Research has segmented the cognitive radio market report based on component, application, end use, and region:

Cognitive Radio, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Services

Cognitive Radio, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Cognitive Routing
• Location Tracking
• Spectrum Allocation
• Spectrum Analysis
• Spectrum Sensing

Cognitive Radio, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Government & Defense
• Telecommunication
• Transportation
• Others

Cognitive Radio, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Cognitive Radio Market Report Scope