Global FM Radios Market Overview:
FM or Frequency Modulation, which 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 provide 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 the very high-frequency range of radio frequencies.
As per latest study released by AMA Research, the Global FM Radios market is expected to see growth rate of 7.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand From the Public Transports
Market Growth Drivers:
Rising Demand from End-users Particularly from Emerging Markets and Increasing Advertising at Events and Continuous Developments in Technology
Challenges:
Availability of FM Application on Various Platforms
Restraints:
Increasing Use of Music Application
Opportunities:
Rising Demand From the Developing Economies like India, snd China
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Tecsun Co., Ltd. (China), Kaito Electronics Inc. (United States), C. Crane Company (United States), Sony (Japan), Sangean Electronics, Inc. (United States), Roberts Radio (United Kingdom), soundmaster (United Kingdom), Philips (Netherlands), Toshiba (Japan) and GPX Global Systems, Inc (United States). Analyst at AMA Research see European and United States Players to retain maximum share of Global FM Radios market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the FM Radios market.
Latest Market Insights:
On October 26, 2023, The European Broadcasting Union (EBU) and Fraunhofer IIS, a German research institute, collaborated on a new standard for DAB+ (Digital Audio Broadcasting), a digital radio technology competing with FM in Europe. This new standard, DAB+ v2, promises improved audio quality, data transmission capabilities, and resilience to interference.
On September 12, 2023, VTuner, a popular internet radio service, launched a new car kit that allows users to access its vast library of radio stations directly in their vehicles. This product seeks to bridge the gap between traditional FM radio and online radio listening in cars.
In India, FM Phase-III Policy extends FM radio services to about 227 new cities, in addition to the present 86 cities, with a total of 839 new FM radio channels in 294 cities, Phase-III policy will result in coverage of all cities with a population of one lakh and above with private FM radio channels.
What Can be Explored with the FM Radios Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global FM Radios Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in FM Radios
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global FM Radios market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in FM Radios market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes FM Radios Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.