FM Radio Market to Grow at CAGR 17% till 2021
Growing advertisement
industry, increasing sales of mobile handsets, coupled with introduction of
phase III policy to drive FM Radio market in India through 2021
According to a recently released
TechSci Research report, “India FM Radio Market By Type, By Sector, By Ownership, Competition Forecast &
Opportunities, 2011-2021”, FM Radio market in India is projected to register
a CAGR of over 17% during 2016 - 2021. Over the last few years, India has
emerged as one of the fastest growing markets for FM Radio in Asia-Pacific, on
account of expanding advertisement industry, rising sales of mobile handsets with FM capability,
coupled with huge radio listenership base in the country. Initiatives taken by Government of India such as introducing the Phase
III auction policy to offer new opportunities for private players in FM
radio market and to expand their reach across tier-II and tier-III cities is
expected to have a huge positive impact on the country’s FM radio market over
the next five years.
Browse 29 market data Tables and 60 Figures spread
through 167
Pages and an in-depth TOC on "India
FM Radio Market"
https://www.techsciresearch.com/report/india-fm-radio-market-by-type-traditional-fm-radio-internet-fm-radio-by-sector-retail-real-estate-automobile-education-others-by-ownership-public-and-private-by-region-north-east-west-south-forecast-opportunities-2011-2021/713.html
Minimum Net Worth Criteria for an Applicant
|
Category
|
Net Worth
|
D Category Cities and cities with population up
to 1 lakh
|
USD7.4 Billion
|
C Category Cities
|
USD1,489.3 Billion
|
B Category Cities
|
USD2,978.6 Billion
|
A Category Cities
|
USD4,467.9 Billion
|
All Categories of Cities in all regions
|
USD14,893 Billion
|
Source: Fédération Internationale de Football Association |
Over the past few years, India’s retail sector grew
strongly on account of rising spending power, improving consumer lifestyle and
expanding middle class consumer base. Moreover, other sectors such as real estate, entertainment,
education, automotive have been witnessing consistent growth in India over the
last decade. As a result, adopting FM radio as a source of advertisement for brand
building and increasing consumer awareness about a company’s products is
growing. Prasar Bharati, Entertainment Network (India) Limited, Sun TV Network
Limited, Reliance Broadcast Network Limited, and D.B Corp Ltd. are the largest
players operating in the country’s FM radio
market.
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“Growing
media & entertainment industry, increasing number of live events across the
country as well as rising technological advancements in FM radio industry such
as HD radio technology, are expected to drive FM radio market in India during
the forecast period. Moreover, rising
internet penetration, growing smartphones user base coupled with declining
bandwidth consumption prices are fueling internet radio market in the country. Furthermore, growing sales of
passenger cars and increasing adoption of radio cabs is positively impacting
the country’s FM radio market. Consider all these factors,
coupled with Phase III auction roll out, we expected brighter days ahead for FM
radio market in India.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India FM Radio Market By Type, By Sector, By Ownership, Competition
Forecast & Opportunities, 2011-2021”
has evaluated the future growth potential of India
FM Radio market and provides statistics and information on market size, structure,
consumer behavior and trends. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities available in India FM radio market.
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