Southeast Asia Internet Radio Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 136.40 Million |
| Market Size (2029) | USD 267.90 Million |
| CAGR (2024 - 2029) | 14.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Southeast Asia Internet Radio Market Analysis
The Southeast Asia Internet Radio Market size is estimated at USD 136.40 million in 2024, and is expected to reach USD 267.90 million by 2029, growing at a CAGR of 14.46% during the forecast period (2024-2029).
- The internet radio market in Southeast Asia is witnessing robust growth, driven by technological advancements, rising internet penetration, and a notable shift in consumer preferences toward technologically advanced products. As traditional media channels face challenges in reaching a broader audience, internet radio emerges as a versatile and accessible platform that caters to the diverse needs of listeners across the region. Hence, Southeast Asian countries are increasingly shifting toward adopting technologically advanced radios.
- For instance, in September 2023, the National Broadcasting and Telecommunications Commission in Thailand announced its plan to transform analog radio stations to digital radio by 2025. With this move, the company deals with 3,500 community radio stations operating on a trial basis with the organization's permission. Such initiatives indicate the growing demand for Internet radio in the region.
- One of the primary drivers of the Southeast Asian internet radio market is its user-friendly connection interface. The market is witnessing strong growth, propelled by rising internet penetration, widespread smartphone adoption, and a rich tapestry of cultural and musical tastes in the region. Notably, the emphasis on creating simple connection interfaces emerges as a key trend, ensuring internet radio's accessibility, improving user experiences, and fueling its adoption on a regional scale.
- As the demand for internet radio grows, companies offering internet radio have started increasing its investments to launch new solutions to increase their market share. For instance, in August 2023, Ericsson announced that the company is manufacturing advanced 5G radio equipment in Malaysia. This equipment, which is being manufactured by the compay will be having Ericsson's renowned lightweight and energy-efficient Massive MIMO antenna-integrated radios, is specifically crafted in acollaboration with Flex.
- Southeast Asia has one of the highest growth rates in smartphone adoption globally. With smartphones becoming more affordable, a significant portion of the population now has access to these devices. Internet radio apps are easily accessible on smartphones, allowing users to listen to their favorite stations on the go. Such new innitatives by the compnanies are expect to continue in the coming years driving the market posetively.
Southeast Asia Internet Radio Market Trends
Growing Adoption of Digital Internet Radio
- With increasing internet penetration and a surge in smartphone adoption, Southeast Asian countries are experiencing a rising demand for digital internet radio. This trend underscores a broader shift toward digital media consumption, with radio included, propelled by technological advancements, evolving consumer preferences, and the content diversity that internet radio services provide.
- The proliferation of smartphones and affordable mobile data plans has been a major catalyst for the rise of digital internet radio in Southeast Asia. Countries like Singapore, Malaysia, Thailand, and Vietnam have seen exponential growth in smartphone usage, providing a robust platform for digital radio services. According to a report published by Google, the size of the internet economy in Southeast Asia is continuously growing every year. In 2015, the internet economy was valued at USD 32 billion, which reached USD 218 billion in 2023 and is expected to reach USD 295 billion in 2025.
- Consumers in Southeast Asia are also increasingly shifting toward the adoption of digital radio. Millennials and generation Z, who make up a significant portion of the region's population, prefer digital platforms for their media consumption. As the demand for internet radio grows, many companies in the region are increasing their investments to increase their market share. For instance, in 2023, Mediacorp, a company based in Singapore, announced that the company is focused toward the expansion of its audio reach to capture 3.8 million listeners weekly. With this, the company said that its free-to-air and digital radio station is the primary choise of listeners.
- Digital internet radio also stands out for its diverse content offerings. Unlike traditional radio, which faces constraints in programming due to time and geography, internet radio breaks these barriers. It opens up a world of global and local content, appealing to a wide range of tastes. This focus on niche content has significantly fueled the rise of digital radio's popularity in the region.
Increasing Use of Internet Radio in Government and Public Safety
- Southeast Asia has experienced a rapid change in the communication landscape, mostly due to the growing advancement of internet technology. In this transition, internet radio has emerged as a crucial tool, especially in the public safety and government sectors. In Southeast Asia, where mobile device use and internet access are rising, internet radio is crucial for public engagement, information exchange, and disaster response planning. Hence, governments in many countries are adopting internet radio.
- Internet radio offers several advantages over traditional communication channels, making it a better option for Southeast Asian government. With the widespread use of smartphones and internet access, internet radio can reach a broad audience, including those in remote or underserved areas. This broad accessibility ensures that crucial information can be disseminated quickly and efficiently.
- Many countries, such as Thailand, Singapore, and Malaysia, are continuously increasing their defense budget, which has driven the adoption of internet radios. Effective communication is critical for operational success, strategic planning, and national security in the defense sector. As Southeast Asia continues to navigate a complex security environment characterized by territorial disputes, transnational threats, and natural disasters, the role of technology in defense has become increasingly significant.
- For instance, Malaysia is continiously increasing its defence budget every year. In FY 2019, the government spent USD 3.3 billion, which increased to USD 4.0 billion in 2023 and is expected to reach USD 4.9 billion in 2025. Such increases in defence budget has opened opportunities for the sector in the adoption of technologically advanced products, including internet radio.
- Southeast Asia is prone to natural disasters such as typhoons, earthquakes, and floods. Internet radio plays a crucial role in disaster management by providing real-time updates, safety instructions, and evacuation routes to affected populations.
Southeast Asia Internet Radio Industry Overview
The Southeast Asian internet radio market is competitive and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring other companies. Key companies in the market include Motorola Solutions, Inc., Hytera Communications Corporation Limited, Icom Inc., Kenwood (JVC Kenwood Corporation), and Uniden Corporation. Players are adopting partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- November 2023: Hytera Communications announced that it launched an intrinsically safe radio series, including the HP79XEx DMR portable radio and PT890Ex TETRA portable radio. With this launch, the company aims to provide advanced devices that meet stringent IECEX and ATEX requirements for explosion-proof equipment.
Southeast Asia Internet Radio Market Leaders
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Motorola Solutions, Inc.
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Hytera Communications Corporation Limited
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Icom Inc.
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Kenwood (JVCKenwood Corporation)
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Uniden Corporation
*Disclaimer: Major Players sorted in no particular order
Southeast Asia Internet Radio Market News
- May 2024: Motorola Inc. unveiled its latest offerings, including the DIMETRA Connect solution and the MXP660 TETRA radio. With this launch, the company aims to empower front-line responders, enabling seamless transitions between land mobile radio (LMR) and broadband networks.
- January 2024: Hytera Communications announced that the company launched its inaugural license-free Push-to-Talk over Cellular (PoC) radio, the P30, for businesses and consumers in Thailand. The P30 offers a hassle-free instant push-to-talk experience across Thailand with user-friendliness, innovations, and quality. With this launch, the company aims to expand its business in the commercial and consumer sectors.
Southeast Asia Internet Radio Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Analysis of Macro-economic Scenarios (Recession, Russia-Ukraine Crisis, etc.)
4.3 An Assessment of the Impact of and Recovery from COVID-19 Pandemic
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Array of Advantages Over a Cellular Phone
5.1.2 Simple Interface to Establish Connections
5.2 Market Challenges
5.2.1 Ease of Availability with Multiple Users Leads to Congested Channels
5.3 Ecosystem Analysis
5.3.1 Covering Details on OEMs, Parts Suppliers, System Integrators, Distributors, etc.
5.4 Types of Internet Radio Terminal
5.4.1 Push-to-talk Over Cellular (PoC) Radio
5.4.2 Dual-mode Rugged Radios
5.5 Insights on Major Market Entry and Expansions Strategies Adopted by Major Vendors in Southeast Asian Region
5.5.1 Covering Details on Partnerships, Business Expansion, Merger & Acquisition, Reseller Agreements, New Product Launches, etc.
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Analog
6.1.2 Digital
6.2 By End-user Industry
6.2.1 Business Use
6.2.1.1 Government and Public Safety
6.2.1.2 Utilities
6.2.1.3 Industry and Commerce
6.2.2 Private Use
6.3 By Country***
6.3.1 Indonesia
6.3.2 Malaysia
6.3.3 Singapore
6.3.4 Thailand
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Motorola Solutions Inc.
7.1.2 Hytera Communications Corporation Limited
7.1.3 Icom Inc.
7.1.4 Kenwood (JVCKenwood Corporation)
7.1.5 Uniden Corporation
7.1.6 CommSystems Ltd
7.1.7 Anytone (Qixiang Electron Science & Technology Co.)
7.1.8 Electcoms Berhad
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Southeast Asia Internet Radio Industry Segmentation
The Southeast Asian internet radio market is studied through the sale of smart radio devices/terminals, which combine traditional analog radio, digital radio, and internet connectivity for communication purposes in the Southeast Asia region. Internet radios (also known as smart radio devices) are used for critical voice communication similar to two-way radios and can also be used for multimedia services and quick access to key data and mobile offices through a cellular/broadband internet network.
The Southeast Asian internet radio market is segmented into type (analog and digital), end-user industry (business use [government and public safety, utilities, and industry and commerce] and private use), and country (Indonesia, Malaysia, Singapore, Thailand, and rest of Southeast Asia region). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.
| By Type | |
| Analog | |
| Digital |
| By End-user Industry | |||||
| |||||
| Private Use |
| By Country*** | |
| Indonesia | |
| Malaysia | |
| Singapore | |
| Thailand |
Southeast Asia Internet Radio Market Research FAQs
How big is the Southeast Asia Internet Radio Market?
The Southeast Asia Internet Radio Market size is expected to reach USD 136.40 million in 2024 and grow at a CAGR of 14.46% to reach USD 267.90 million by 2029.
What is the current Southeast Asia Internet Radio Market size?
In 2024, the Southeast Asia Internet Radio Market size is expected to reach USD 136.40 million.
Who are the key players in Southeast Asia Internet Radio Market?
Motorola Solutions, Inc., Hytera Communications Corporation Limited, Icom Inc., Kenwood (JVCKenwood Corporation) and Uniden Corporation are the major companies operating in the Southeast Asia Internet Radio Market.
What years does this Southeast Asia Internet Radio Market cover, and what was the market size in 2023?
In 2023, the Southeast Asia Internet Radio Market size was estimated at USD 116.68 million. The report covers the Southeast Asia Internet Radio Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia Internet Radio Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Southeast Asia Internet Radio Industry Report
Statistics for the 2024 Southeast Asia Internet Radio market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Internet Radio analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
