FM Radio Market to Grow at CAGR 17% Till 2021: TechSci Research Report

FM Radio Market to Grow at CAGR 17% Till 2021: TechSci Research Report

NEW YORK, July 19, 2016 /PRNewswire/ --



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
[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 ]
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.



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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: Ministry of Information & Broadcasting, Government of India



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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