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 industry 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.
Market Segmentation:
The global radio transmitter market, on the bases of type, has been segmented into medium wave transmitter, shortwave radio transmitter, and VHF radio transmitter.
The end-user segments of the radio transmitter market are aerospace & defense, electronic, automotive, and others.
On the basis of power capacity, the global radio transmitter market has been segmented into 5–20 kW, up to 5 kW, and above 20 kW.
Based on technology, the two key segments of the radio transmitter market are — analog and digital.
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.
Competitive Dashboard:
GatesAir (US), Nautel Ltd. (Canada), Hitachi Kokusai Electronic Inc. (Japan), Broadcast Electronics (US), RIZ-Transmitters Co. (Croatia), NEC Corporation (Japan), Continental Electronics (US), Beijing BBEF Science & Technology Co., Ltd. (China), Rohde & Schwarz GmbH & Co KG (Germany), Thomson Broadcast (France), Harris Corporation (US), and Comsa Corporación (Spain) are some of the players that constitute a major percentage of the global radio transmitter market. These players are expected to execute growth strategies such as mergers, product launches, acquisitions, technological innovations, agreements, partnerships, etc. for gaining an edge over other competitors. In addition, the market’s future trajectory is anticipated to remain attractive over the next couple of years. It is poised to attract new players into the competitive landscape in the years to come.
Latest Industry Developments:
In September 2019, a provider of telecommunications and consumer technology solutions, ZTE Corporation, has announced its strategic partnership with Gabb Wireless, provider of safe cell phone network for kids. They combinedly launched Gabb Z1 for providing family-=friendly services to young subscribers.
In September 2019, a global leader in live video production, Vislink Technologies has announced the launch of its all-new MicroLite 3, latest wireless video transmitter. The product includes long-range camera control and remote radio management.
More Information@ https://www.marketresearchfuture.com/reports/radio-transmitter-market-7402
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