LONDON--(BUSINESS WIRE)--#Broadcasttransmitter--The global FM broadcast transmitter market is expected to grow at a CAGR of over 8% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global FM broadcast transmitter market for 2017-2021. The market is further categorized into three segments, based on power type. These include W-5 kW FM broadcast transmitters; 5-20 kW FM broadcast transmitters; and above 20 kW FM broadcast transmitters. Above 20 kW FM transmitters are the most widely used FM broadcast transmitters.
“Many smartphone manufacturers have integrated a radio application into their devices through which users can tune into radio stations. The easy availability of on-demand music streaming services poses a challenge to broadcast radio,” says Jujhar Singh, a lead M2M and connected devices research expert from Technavio.
Technavio’s research analysts segment the global FM broadcast transmitter market into the following regions:
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Americas: largest market for FM broadcast transmitters
The Americas held the largest share of the global FM broadcast transmitter market in 2016, accounting for a share of 53.51%. The digitization of radio stations is a major factor driving the market growth in this region. The transition from analog to digital radio services has increased the demand for FM broadcast transmitters. More than 90% of the existing radio stations in the region are non-digital. The increased Internet penetration and growing number of smartphone users in the region are expected to result in high demand for FM transmitters during the forecast period. The US, Argentina, and Mexico are the top three countries in the FM broadcast transmitter market in the Americas.
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EMEA: increase in demand for radio stations to boost growth
EMEA held the second-largest share of the global FM broadcast transmitter market in 2016. The demand for FM broadcast transmitters in the region is driven by the increase in demand for radio stations, advertisements, and subscriptions. The growth of FM broadcast transmitters is increasing because of their high efficiency, which is achieved using power factor correction (PFC) filters and AC/DC converters.
Denmark, Greece, Turkey, Egypt, Saudi Arabia, the UAE, and Kenya are witnessing high growth in EMEA. The UK, France, Germany, Italy, Sweden, and Nigeria are some of the countries that are exhibiting a moderate growth rate.
APAC: high growth potential
The growth of the market in APAC is because of the presence of developing economies, such as China and India. These countries provide huge scope for growth as the market in the region has not yet reached saturation. Countries in this region are at the transitional stage of digitization. APAC is expected to witness exponential growth during the forecast period because of the demand for digitization of radio networks.
“The increasing population, high spending capacity of individuals, and economic growth are factors driving the market growth. China, Hong Kong, India, Indonesia, Malaysia, the Philippines, and Thailand are some of the countries witnessing high growth. Many countries, including Australia, New Zealand, Singapore, and South Korea exhibit moderate growth,” says Jujhar.
The top vendors in the global FM broadcast transmitter market as highlighted in this market research analysis are:
- Armstrong Transmitter
- Crown Broadcast
- DB Elettronica Telecomunicazioni
- RVR Elettronica
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