Market Highlights
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.
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Key players
The prominent players in the Radio Transmitter Market Growth 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). RhodesSchwarz 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 RS 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.
Leading Regions
North America has the top market leadership, and it is likely to produce further throughout the assessment period. The region is flourishing on sustainable and well-established economies. One of the most pushing aspects for the market is the escalating investment in the digitization of radio stations. The robust technology also aids multinational in operating from the region.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
