Radio transmitter includes components for transmitting information. Market Research Future (MRFR)’s study states that the global radio transmitter market is expected to mark 8.82% CAGR across the assessment period 2018 to 2023. The valuation of the global market, as per the report, is estimated to grow from USD 740 Mn in 2017 to USD 1.12 Bn by 2023.
Increasing penetration of smartphones is expected to drive the expansion of the global market over the next couple of years. Also, the rising investments in the digitization of radio stations are presumed to lead the growth of the global radio transmitter market in the years to come.
The major participants of the market are supposed to invest in technological developments n the upcoming years. This, in turn, is anticipated to catapult the radio transmitter market on upward trajectory. Also, the product is highly used across ind
ustry domains such as aerospace & defense, automotive, healthcare, etc. Rising demand from these industries owing to their growth is poised to boost revenue generation for the players in the radio transmitter market in the foreseeable future.
Radio transmitter market by technology is segregated into analog and digital. The drift from analog to digital radio services has led to rise in demand for FM broadcast transmitters. By power capacity, the radio transmitter market is segmented into up to 5 kW, 5–20 kW, and above 20 kW. The 5–20kW segment is estimated to hold the largest market share in 2017. The growing digital transformation initiative across radio station globally to facilitate faster and smoother working has led to growing demand for radio transmitters..
By type the market is segmented into shortwave radio transmitter, medium wave transmitter, VHF radio transmitter. The VHF radio transmitter type is expected to register the highest CAGR during the forecast period. By end-users, the market is segmented into aerospace & defense, automotive, electronic, and others. The electronics segment is expected to register the highest CAGR during the forecast period. The rise in internet penetration and rise in demand for smartphones have led to the growing number of radio transmitter sales across the globe.
Key Players
The key players in the radio transmitter market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The key 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. These players have adopted product launch and product enhancement as their key organic growth strategy. For instance, in 2017, Rohde & Schwarz launched the first radio transmitter R&S THR9 for the fourth generation HD radio standard at the National Association of Broadcasters Show. Apart from the players mentioned above, the other players contribute nearly 5% in the radio transmitter market.
Regional Analysis:
The geographical analysis of the global radio transmitter market is covered in this MRFR assessment based on region and country-level. The regions identified in this report are — North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America and Europe are likely to emerge as the prime regional segments of the global market in the years to come. Increasing investments in technological advancements and digitization are anticipated to drive market growth in the region over the next couple of years. Also, the presence of eminent players in these regions is also expected to lead the expansion of the radio transmitter market over the projection period. Asia Pacific is a potential market and is estimated to reflect the highest CAGR through the forecast period.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.acom
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.acom
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