Radio, composed of mechanical devices, electronic devices, magnets, etc., is a machine that converts radio signals with electricity and can listen to audio signals transmitted by radio stations. The radio receives high-frequency AM waves broadcasted by the radio station, converting each received AM wave signal into a fixed intermediate frequency through a frequency conversion stage, and then amplifies and detects the audio signal by the detection stage, finally sends it into the low-frequency amplifier stage to amplify and promote the horn to sound.  

At present, there are mainly two kinds of radios --FM and AM radios on the market. They usually use superheterodyne type, with the advantages of high sensitivity, stable work, good selectivity and small distortion. In recent years, the radio has been developing in the direction of circuit integration, display digitization, three-dimensional sound, function computerization and structure miniaturization.  

Overview of Global Radio Market Development  

According to our research data, the global radio industry market revenue was $46765 million in 2020, and is expected to reach $50366 million in 2023. In the future, with the continuous development of radio technology and the continuous increase of downstream demand, the radio market will continue to expand, and the global radio market revenue is expected to reach $54817 million by 2026.  

 

Source: www.globalmarketmonitor.com

Global Radio Market Development by Region  

Research shows that North America is the largest revenue market for the global radio industry. In 2023, the North American radio market revenue is estimated to reach $25169 million, with a market share of 49.97%, accounting for nearly half of the global market; The European market ranks second with a share of 30.16%, and the market revenue is expected to reach $15189 million in 2023.  

Global Radio Market Revenue and Share Forecast by Region in 2023