The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Radio Transmitter Market. The growth sectors of the Radio Transmitter Market are identified with precision for a better growth perspective.
Radio transmitters are used to transmit information and its usage is quite extensive, right from FM to smartphones and space probes. The global radio transmitters market is expected to rise by 8.82% during the forecast period (2018-2023). Market Research Future (MRFR) in their report claimed that the achieved CAGR could help the radio transmitter market cross USD 1.12 billion worth by 2023.
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
North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) are the four major regions included in the MRFR report on the global radio transmitter market. This type of analysis focuses more on revealing the growth pattern on the basis of demography.
North America has the maximum market dominance and it is expected to grow further during the forecast period. The region is thriving on sustainable and well-established economies. One of the most pushing aspect for the market is the increasing investment in the digitization of radio stations. The robust technology also helps multinational in operating from the region.
Radio Transmitter Market is expected to grow from USD 740 million in 2017 to USD 1.12 billion by…
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