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 Size. The growth sectors of the Radio Transmitter Market Size are identified with precision for a better growth perspective.
The surge in the sale of Smartphones, particularly in the lockdown period due to novel coronavirus pandemic around the world, has affected the radio transmitter market 2020 imperatively. The current data on the market position of the radio transmitter market by Market Research Future reveals that a growth rate of 8.82% has been recorded for future expansion, which could be noted, post the pandemic. Many factors are being scored behind the growth of the market, which has been discussed below. The forecasted period of the market’s growth is calculated for the years 2018–2023, and during which it will gain USD 1.12 billion from USD 740 million that was in 2017.
A radio transmitter is an electromagnetic wave frequency, and it ranges from 3 kHz to 300 GHz. Chiefly, these frequencies help in communications and radar signals. The necessary components obligatory for appropriate functioning by any communication device are components. The core components used in radio transmitter for front communications are primarily receivers or transmitters, antenna switches, duplexers, filters, power amplifiers, and demodulators in consumer electronics products. As a result of these developments in the universal mobile telecommunication network (3G and 4G), the semiconductor industry has observed a high demand for tuners and switches to provide specific functionality to other radio frequency devices like power amplifiers, demodulators, and others.
As per reports, the factors such as rise in Smartphones, digitization of radio stations, and technological advancement in FM radio transmitters are the prime drivers for the market. Apart from this, several other factors are expected to boost the growth of radio transmitter market. The defence sector is one of the leading traction-providers for the factor of smooth communication which is used for utmost importance in maintaining security. At the same time, the mounting number of Smartphone users is spurring market expansion. Other factors likely to boost up the radio transmitter market growth for the future timeframe are deep space probe and high technological integration.
Radio transmitter market is further studied over segmentation that included technology, power capacity, application, and end-user.
In terms of the technology segment, the market has included analogue and digital.
In terms of power capacity segment, the market has included up to 5 kW, 5-20 kW, and above 20 kW.
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.
The outstanding players in the radio transmitter market are Nautel Ltd. (Canada), Broadcast Electronics (US), Continental Electronics (US), RIZ-Transmitters Co. (Croatia), Beijing BBEF Science & Technology Co., Ltd. (China), NEC Corporation (Japan), Rohde & Schwarz GmbH & Co KG (Germany), Thomson Broadcast (France), Hitachi Kokusai Electronic Inc. (Japan), Harris Corporation (US), and Comsa Corporación (Spain).
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