Transmission Apparatus Market

The global transmission apparatus market is expected to experience growth in both consumption and value from 2022 to 2030, with China leading in both production and consumption. Mobile phones dominate the imports and exports structure, with a significant share in total imports and exports. The market trends suggest a positive outlook for the transmission apparatus industry over the next decade.

Market Forecast

Driven by rising demand for transmission apparatus worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 2.5B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $548.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Transmission Apparatus Incorporating Reception Apparatus

In 2022, global transmission apparatus consumption contracted slightly to 2.1B units, reducing by -1.6% on 2021 figures. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of 2.5B units. From 2014 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global transmission apparatus market size rose modestly to $392.8B in 2022, with an increase of 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at $419.6B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of transmission apparatus consumption was China (501M units), comprising approx. 24% of total volume. Moreover, transmission apparatus consumption in China exceeded the figures recorded by the second-largest consumer, the United States (205M units), twofold. The third position in this ranking was taken by India (136M units), with a 6.5% share.

In China, transmission apparatus consumption increased at an average annual rate of +4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.9% per year) and India (+1.2% per year).

In value terms, the United States ($66B), China ($63.1B) and South Korea ($28.2B) constituted the countries with the highest levels of market value in 2022, with a combined 40% share of the global market. The United Arab Emirates, Japan, Germany, Indonesia, Nigeria, Brazil, Hong Kong SAR, Russia, Pakistan and India lagged somewhat behind, together accounting for a further 24%.

Among the main consuming countries, the United Arab Emirates, with a CAGR of +13.1%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of transmission apparatus per capita consumption was registered in the United Arab Emirates (11 units per person), followed by Hong Kong SAR (5.1 units per person), South Korea (2.4 units per person) and the United States (0.6 units per person), while the world average per capita consumption of transmission apparatus was estimated at 0.3 units per person.

From 2012 to 2022, the average annual rate of growth in terms of the transmission apparatus per capita consumption in the United Arab Emirates amounted to +10.5%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-8.3% per year) and South Korea (-1.6% per year).

Production

World Production of Transmission Apparatus Incorporating Reception Apparatus

After three years of decline, production of transmission apparatus incorporating reception apparatus increased by 1.6% to 2.2B units in 2022. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 37% against the previous year. Over the period under review, global production attained the maximum volume at 2.6B units in 2014; however, from 2015 to 2022, production remained at a lower figure.

In value terms, transmission apparatus production fell slightly to $331.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. As a result, production attained the peak level of $370.2B. From 2019 to 2022, global production growth failed to regain momentum.

Production By Country

China (1.3B units) constituted the country with the largest volume of transmission apparatus production, comprising approx. 60% of total volume. Moreover, transmission apparatus production in China exceeded the figures recorded by the second-largest producer, India (168M units), eightfold. Vietnam (147M units) ranked third in terms of total production with a 6.6% share.

In China, transmission apparatus production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+25.4% per year) and Vietnam (+5.9% per year).

Imports

World Imports of Transmission Apparatus Incorporating Reception Apparatus

Global transmission apparatus imports shrank rapidly to 1.2B units in 2022, which is down by -25.8% against 2021 figures. Overall, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of 8.1%. As a result, imports reached the peak of 2.2B units. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, transmission apparatus imports shrank to $311.1B in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $333.2B, and then contracted in the following year.

Imports By Country

The purchases of the three major importers of transmission apparatus incorporating reception apparatus, namely the United States, Hong Kong SAR and the United Arab Emirates, represented more than third of total import. Germany (44M units), Russia (37M units), Japan (35M units), Bangladesh (29M units), the UK (29M units), Austria (28M units), Iraq (26M units), the Netherlands (26M units), Italy (25M units) and the Czech Republic (22M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +11.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($67.1B), Hong Kong SAR ($36.8B) and the United Arab Emirates ($19.5B) constituted the countries with the highest levels of imports in 2022, with a combined 40% share of global imports. Japan, Germany, the UK, the Czech Republic, Italy, the Netherlands, Austria, Iraq, Russia and Bangladesh lagged somewhat behind, together accounting for a further 27%.

The Czech Republic, with a CAGR of +19.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Mobile phones prevails in imports structure, recording 1.3B units, which was near 98% of total imports in 2022. Transmission apparatus for radio-broadcasting and television (with reception apparatus) (21M units) followed a long way behind the leaders.

Mobile phones was also the fastest-growing in terms of imports, with a CAGR of -3.4% from 2012 to 2022. transmission apparatus for radio-broadcasting and television (with reception apparatus) (-6.3%) illustrated a downward trend over the same period. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, mobile phones ($308.2B) constitutes the largest type of transmission apparatus incorporating reception apparatus imported worldwide, comprising 99% of global imports. The second position in the ranking was held by transmission apparatus for radio-broadcasting and television (with reception apparatus) ($2.9B), with a 0.9% share of global imports.

From 2012 to 2022, the average annual growth rate of the value of mobile phones imports totaled +3.5%.

Import Prices By Type

The average transmission apparatus import price stood at $253 per unit in 2022, jumping by 26% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission apparatus import price increased by +111.5% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was mobile phones ($245 per unit), while the price for transmission apparatus for radio-broadcasting and television (with reception apparatus) amounted to $135 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mobile phone (+7.1%).

Import Prices By Country

The average transmission apparatus import price stood at $253 per unit in 2022, rising by 26% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission apparatus import price increased by +111.5% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($504 per unit), while Bangladesh ($27 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Transmission Apparatus Incorporating Reception Apparatus

Global transmission apparatus exports dropped significantly to 1.4B units in 2022, which is down by -20.7% compared with the year before. Overall, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. The global exports peaked at 2.3B units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, transmission apparatus exports fell to $274.2B in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 16%. The global exports peaked at $296.9B in 2021, and then declined in the following year.

Exports By Country

In 2022, China (852M units) was the key exporter of transmission apparatus incorporating reception apparatus, creating 62% of total exports. Vietnam (146M units) ranks second in terms of the total exports with an 11% share, followed by Hong Kong SAR (6.9%). The following exporters - the United States (54M units), India (34M units) and the Netherlands (27M units) - together made up 8.4% of total exports.

Exports from China decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, the Netherlands (+11.9%) and Vietnam (+8.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.9% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, India (-4.1%) and Hong Kong SAR (-9.6%) illustrated a downward trend over the same period. China (+8 p.p.) and Vietnam (+7.4 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -6.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($143.5B) remains the largest transmission apparatus supplier worldwide, comprising 52% of global exports. The second position in the ranking was taken by Vietnam ($35.3B), with a 13% share of global exports. It was followed by Hong Kong SAR, with a 10% share.

In China, transmission apparatus exports increased at an average annual rate of +5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+13.3% per year) and Hong Kong SAR (+9.4% per year).

Exports By Type

Mobile phones dominates exports structure, finishing at 1.4B units, which was approx. 98% of total exports in 2022. Transmission apparatus for radio-broadcasting and television (with reception apparatus) (23M units) took a little share of total exports.

Exports of mobile phones decreased at an average annual rate of -2.9% from 2012 to 2022. Transmission apparatus for radio-broadcasting and television (with reception apparatus) experienced a relatively flat trend pattern. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, mobile phones ($271.9B) remains the largest type of transmission apparatus incorporating reception apparatus supplied worldwide, comprising 99% of global exports. The second position in the ranking was taken by transmission apparatus for radio-broadcasting and television (with reception apparatus) ($2.2B), with a 0.8% share of global exports.

For mobile phones, exports expanded at an average annual rate of +4.4% over the period from 2012-2022.

Export Prices By Type

In 2022, the average transmission apparatus export price amounted to $200 per unit, surging by 16% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission apparatus export price increased by +47.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 49%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was mobile phones ($198 per unit), while the average price for exports of transmission apparatus for radio-broadcasting and television (with reception apparatus) stood at $98 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by mobile phone (+7.5%).

Export Prices By Country

The average transmission apparatus export price stood at $200 per unit in 2022, with an increase of 16% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission apparatus export price increased by +47.6% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 49% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($293 per unit), while the Netherlands ($123 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform