QYResearch: The global radio transmitter market is expected to reach $717.50 million by 2021
A radio transmitter is an electronic device which, when connected to an antenna, produces an electromagnetic signal such as in radio and television broadcasting, two way communications or radar. Heating devices, such as a microwave oven, although of similar design, are not usually called transmitters, in that they use the electromagnetic energy locally rather than transmitting it to another location.
A radio transmitter is usually part of a radio communication system which uses electromagnetic waves (radio waves) to transport information (in this case sound) over a distance.
Radio transmitter industry is relatively concentrated, manufacturers are mostly in the US and Europe Among them, Europe output value accounted for more than 42.75% of the total output value of global radio transmitter in 2016. Harris is the world leading manufacturer in global radio transmitter market with the market share of 10.53%, in terms of revenue.
Compared to 2015, radio transmitter market increased sales by 2.90 percent to 693.77 million USD worldwide in 2016 from 674.19 million USD in 2015. It shows that the radio transmitter market performance is positive, despite the weak economic environment.
According to QYResearch, The global radio transmitter market is expected to reach $717.50 million by 2021 from $693.77 million in 2016, growing at a CAGR of 0.67% from 2016 to 2021. And Europe market is expected to keep being the biggest market with revenue market share of 41.07% in 2021.
With the increasing in production capacity, expected that the radio transmitter raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of radio transmitter.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of radio transmitter will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.
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