Market Forecast By Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest Of Europe), By Product Type (FM Radio Transmitter, Shortwave Radio Transmitter, Medium Wave Transmitter), By Applications (Aerospace, Automobile, Electronics Industry, Others) And Competitive Landscape
According to 6Wresearch, the Europe Radio Transmitter Market size is anticipated to register growth during 2021-2027. The continuous innovations and advancements in mobile handset technology owing to continuing transition from 2G, 3G to 4G/LTE, LTE-Advanced, LTE-Advanced Pro, and 5G lead to the rising need for radio transmitters in the Europe region. However, a rise in the cost of raw materials is expected to negatively impact the Radio transmitter market. Primary raw materials used in the production of Radio transmitters include silicon wafers, a variety of chemicals, and photoresist materials. The shortage of such raw materials due to increasing demand from manufacturers has resulted in industry-wide price adjustments due to which there is the rise in the product price in the Europe region. In Europe, due to COVID-19 most of the radio transmitter companies and electronics manufacturers have temporarily closed their factories or minimize the production output, which results in loss to the global trade.
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