Digitalization of Radio Stations Can Impact Growth of Radio Transmitter Market Size
Radio transmitter market is expected to grow from USD 740 million in 2017 to USD 1.12 billion by 2023, at a compound annual growth rate (CAGR) of 8.82% during the forecast period. Rise in smartphones, digitization of radio stations, and technological advancement in FM radio transmitters will remain the key drivers for the radio transmitter market during the ofrecast period.
Key players
The prominent players in the radio transmitter market are GatesAir (US), Broadcast Electronics (US), Nautel Ltd. (Canada), RIZ-Transmitters Co. (Croatia), Continental Electronics (US), NEC Corporation (Japan), Beijing BBEF Science & Technology Co., Ltd. (China), Thomson Broadcast (France), Rohde & Schwarz GmbH & Co KG (Germany), Harris Corporation (US), Hitachi Kokusai Electronic Inc. (Japan), and Comsa Corporación (Spain). Rhodes&Schwarz GmbH, Continental Electronics, and GatesAir are the major players holding nearly 35% of the total market share..
Regional Analysis
The global market for radio transmitter market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of radio transmitter market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America followed by Europe is expected to dominate the radio transmitter market from 2018 to 2023 as these regions are sustainable and well-established economies. These economies are largely investing in the digitization of radio stations. Furthermore, the presence of the leading multinational companies in the region further drive the growth in these regions. In 2018, Radio UNAM awarded the contract of new 40 kW FM radio transmitters for their station to Rohde & Schwarz. The R&S THR9 transmitter was chosen owing to its compact design and space-saving liquid cooling capability. Furthermore it is now the company’s largest radio transmitter installation in Mexico.
Asia-Pacific is estimated to grow at the highest CAGR during the forecast period owing to rise in number of smartphone users that consequently increase the demand for FM transmitters.
Segmentation:
The global radio transmitter market has been segmented by MRFR for a better analysis of the market. It includes technology, power capacity, application, and end-user. The analysis comprises figures and factors that can back up the market readings. These figures rely on volume-wise and value-wise data and deliver near-precise results for a holistic overview of the global market.
By technology, the radio transmitter market is bifurcated into analog and digital. The digital segment is gaining grounds due to the easy inclusion of the product across industries due to an overall growth in digitalization of the global market.
Based on the power capacity, the radio transmitter market is segmented into up to 5 kW, 5-20 kW, and above 20 kW. The 5-20kW segment has the maximum market reach.
Based on the type, the radio transmitter market can be segmented into shortwave radio transmitter, medium wave transmitter, and VHF radio transmitter.
Based on end-users, the radio transmitter market consists aerospace & defense, automotive, electronic, and others. The aerospace & defense sector is gaining much from the investments made in the research and development. At the same time, the object is of great value to the aerospace and defense segment for a sound maintenance of the communication sector
More Information@
Radio Transmitter Market Research Report - Forecast to 2023 | MRFR
Radio Transmitter Market is expected to grow from USD 740 million in 2017 to USD 1.12 billion by…
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