Global FM Radios Market Size By Type (FM, FM/AM), By Application (Commercial Use, Home Use), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
FM Radios Market size was valued at USD 325.03 Billion in 2024 and is projected to reach USD 528.1 Billion by 2031, growing at a CAGR of 6.90% from 2024 to 2031.
The increasing demand from end-users particularly from emerging markets, advertising at events, and technological developments are driving the Global FM Radios Market growth. The Global FM Radios Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global FM Radios Market Definition
FM or Frequency Modulation is one of the radio broadcasting systems that use frequencies from 87.5 MHz to 108MHz. There are various classes of radio stations. The smallest give service to areas within three or four miles of a transmitter section; the largest provides service to areas more than 60 miles from a transmitter section. FM broadcasting is superior to higher constancy, which is a more precise reproduction of the original program sound than other broadcasting technologies, such as AM broadcasting.
Therefore, FM is used for most maximum broadcasts of music or general audio (in the audio spectrum). FM radio stations frequently use a very high-frequency range of radio frequencies. FM is a form of modulation which carries information by modifying the frequency of a carrier wave; older amplitude modulation varies the amplitude of the carrier, with its frequency continuing constantly.
With FM, the frequency difference from the selected carrier frequency at any moment is directly proportional to the amplitude of the input signal, ascertaining the immediate frequency of the transmitted signal. Since transmitted FM signals utilize higher bandwidth compared to AM signals, this kind of modulation is generally used with the higher (VHF or UHF) frequencies used by TV, the FM broadcast band, and land portable radio systems.
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Global FM Radios Market Overview
What's driving the global FM radio market? Well, a big part is the rising demand from people like you, especially in developing countries. And guess what? A recent 2019 survey showed that more and more people are tuning in! Take Australia, for exampleover 10 million people listen to commercial radio for at least a little bit – even just an hour – every week. Radio's actually the way many people spend the most time connecting throughout the day, giving messages a huge chance to be heard. Plus, people listen while doing all sorts of things. All this activity is expected to really boost the market over the next few years, so stay tuned!
Moreover, increasing advertising at events and continuous developments in technology are further driving market growth. FM Radio is the means to build top-of-mind awareness – for instance, a careful time position of ads can have a real impact on your call to action. Additionally, a “live read” that allows personal support by an FM radio character will add credibility to the product or service. Studies show that FM radio content inspires people because people feel they are hearing it from a friend and referrals are perpetually the best type of sales opportunity.
Radio is conscious and local, so it indicates the community. People listen to FM radio to find out what is occurring now in their community, such as special events, news, traffic updates, weather reports, sport, and entertainment. These all factors are also contributing to the market growth. However, capital-intensive enterprises and steep license fees, which challenge FM Radios from moving into retro music, are some of the elements hampering the growth of the FM Radios Market.
Global FM Radios Market Segmentation Analysis
The Global FM Radios Market is Segmented on the basis of Type, Application, And Geography.
FM Radios Market, By Type
FM
FM/AM
Other
Based on Type, The market is bifurcated into FM, FM/AM, and Other. FM segment in the Global FM Radios Market is expected to grow at the highest CAGR during the forecast period.
FM Radios Market, By Application
Commercial Use
Home Use
Based on Application, The market is bifurcated into Commercial Use, and Home Use. The commercial use segment in the Global FM Radios Market is expected to grow at the highest CAGR during the forecast period.
FM Radios Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Regional Analysis, The Global FM Radios Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is going to have profitable growth due to the increasing number of devices connected with advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication, a huge consumer base, and significant investments by the global players in the region.
Key Players
The “Global FM Radios Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Tecsun, Sony, Kaito, C. Crane Company, Sangean, and TIVDIO. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Billion)
Key Companies Profiled
Tecsun, Sony, Kaito, C. Crane Company, Sangean, TIVDIO.
Segments Covered
By Type
By Application
By Geography
Customization Scope
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