|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 352.16 Million||USD 405.69 Million||1.80%||2022|
Radio Transmitter Market
The global radio transmitter market size was evaluated at $352.16 million in 2022 and is slated to hit $405.69 million by the end of 2030 with a CAGR of nearly 1.80% between 2023 and 2030.
The radio transmitter is the equipment used for effective communication and converts information into electromagnetic waves traversing huge distances. Through modulation of carrier signals with audio input, the radio transmitter improves the streaming of news and music absolving spatial boundaries. From the spark-gap transmitters to more advanced solid-state designs, a radio transmitter is a paradigm shift in the technology domain that has catalyzed global transformation. Furthermore, the product aids real-time updates, improves broadcasting, and improves connectivity to customers. It helps in staying connected with the airways.
Growing use of smartphones will embellish the global market trends over 2023-2030
Surging use of mobile equipment and the internet has increased the use of radio transmitters across the globe. Reportedly, a large young and adult population is accessing digital content via smartphones, iPhones, laptops, notebook computers, and tablets, thereby driving the growth of the radio transmitter market across the globe. Growing need for high-quality audio transmission for delivering seamless sound waves at longer distances will trigger the expansion of the global market. Escalating need for efficient communication will expedite the global market demand. Massive demand for radio transmitters in the automotive and electronics sectors will steer the global market size in the next couple of years. Humungous popularity of software-enabled radios will contribute majorly towards the global market revenues. New launches are predicted to contribute lucratively towards the regional market size over the coming years. In April 2023, the Prime Minister of India introduced 91 FM transmitters to expand the radio transmission in remote areas.
Strict laws governing product use can put brakes on the global industry over forecast timeline
Spectrum scarcity and strict regulation will impede the expansion of the global radio transmitter industry. Huge initial costs can restrict the growth of the industry across the globe. Radio transmission is prone to hacking and this can further restrict the global industry surge over the coming years.
Cost-effectiveness will open new growth avenues for the global market in the foreseeable future
Cost-efficiency of radio transmitters and their ability to provide seamless streaming have opened new growth opportunities for the global radio transmitter market. Rise in the digitization of radio stations will further promote the expansion of the market globally in the upcoming years. Surging demand for wireless communications and breakthroughs in digital radio technologies will proliferate the size of the global market.
Rapidly fluctuating government laws will prove to be a huge challenge to the global industry growth
Changes in the government laws related to the use of radio transmitters and restrictions on streaming of certain kinds of digital content will pose a threat to the expansion of the global radio transmitter industry.
The global radio transmitter market is sectored into technology, end-user, and region.
In technology terms, the global radio transmitter market is segregated into analog transmitters, software-defined radios, and digital transmitters segments. Furthermore, the analog transmitters segment, which garnered nearly two-fifths of the global market share in 2022, is projected to record the fastest CAGR in the upcoming years. The growth of the segment in the ensuing years can be due to their wide use in broadcasting along with the ability to offer seamless analog radio signal transmission. Moreover, cost-efficiency and compatibility with current analog infrastructure will spearhead the segmental surge by 2030.
Based on end-user, the global radio transmitter industry is bifurcated into broadcasting, public safety, entertainment, and aviation & defense segments. Moreover, the broadcasting segment, which accounted lucratively towards the global industry revenue in 2022, is set to retain its dominant position in the global industry in the years ahead. The segmental expansion over the estimated timeframe can be subject to massive demand for radio transmitters for seamless & high-quality broadcasts of radio programs to people. Growing demand for new digital radio systems for increasing the network coverage area and spectrum efficiency for reaching a wide range of audiences will proliferate the segmental surge.
|Report Attributes||Report Details|
|Report Name||Radio Transmitter Market|
|Market Size in 2022||USD 352.16 Million|
|Market Forecast in 2030||USD 405.69 Million|
|Growth Rate||CAGR of 1.80%|
|Number of Pages||229|
|Key Companies Covered||Harris, Egatel (COMSA), GatesAir, RIZ Transmitters, Broadcast Electronics, Hitachi Kokusai Electric, Thomson Broadcast, Tongfang Gigamega, RandS, Beijing BBEF, Chengdu ChengGuang, BTESA, Nautel, NEC, Continental, Syes, and others.|
|Segments Covered||By Type, By End-User, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is projected to maintain its global market domination over the estimated timeframe
North America, which accounted for half of the global radio transmitter market revenue in 2022, will be the leading region over 2023-2030. Moreover, the presence of key players in the region and rise in the investments in the telecom infrastructure will boost the regional market trends. Easy availability of strong wireless communication facilities in countries such as Canada and the U.S. will proliferate the expansion of the market in North America.
The Asia-Pacific radio transmitter industry is set to register the highest CAGR in the next couple of years due to the rise in the use of digital audio broadcasting and HD radio in countries such as Japan, China, Malaysia, Thailand, Indonesia, and India. Apart from this, a rise in the demand for software-defined radios along with the integration of radio transmitters with IoT will embellish the regional industry trends. Rising demand for interoperability and scalability in telecommunications will prop the scope of the market growth in the Asia-Pacific zone.
The global radio transmitter market profiles key players such as:
The radio transmitter is the equipment used for effective communication and converts information into electromagnetic waves traversing huge distances.
The global radio transmitter market growth is owing to a large young and adult population is accessing digital content via smartphones, iPhones, laptops, notebook computers and tablets.
According to a study, the global radio transmitter industry size was $352.16 million in 2022 and is projected to reach $405.69 million by the end of 2030.
The global radio transmitter market is anticipated to record a CAGR of nearly 1.80% from 2023 to 2030.
The Asia-Pacific radio transmitter industry is set to register the highest CAGR over the forecasting timeline owing to the rise in the use of digital audio broadcasting and HD radio in countries such as Japan, China, Malaysia, Thailand, Indonesia, and India.
The global radio transmitter market is led by players such as Harris, Egatel (COMSA), GatesAir, RIZ Transmitters, Broadcast Electronics, Hitachi Kokusai Electric, Thomson Broadcast, Tongfang Gigamega, RandS, Beijing BBEF, Chengdu ChengGuang, BTESA, Nautel, NEC, Continental, and Syes.
The radio transmitter market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.