According to the latest report by IMARC Group, “Global Broadcast Equipment Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global broadcast equipment market reached a value of US$ 4.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.74 Billion by 2027 exhibiting a CAGR of 5.30% during 2022-2027.
Broadcast equipment is a collection of automated systems and devices used for broadcasting video/audio content through any electronic mass communication medium. It is broadly used in radio stations, studios and various other premises to provide high-quality audio and video creation in a time and cost-efficient manner. Some of the common broadcast equipment includes encoders, video servers, amplifiers, cameras, transmitters, dish antennas, modulators and microphones.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Broadcast Equipment Market Trends and Drivers:
The rising utilization of laptops, smartphones, and high-speed internet has led to the increasing consumption of digital content among individuals, which is one of the primary factors driving the market growth. Besides this, advanced broadcast equipment provides better viewing quality, which aids in producing ultra-high-definition (UHD) and 4K format content, thus representing another major growth-inducing factor.
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Additionally, with the recent outbreak of coronavirus disease (COVID-19), there has been a shift toward internet protocol (IP) and cloud-based solutions. This, along with the rising emphasis of the key players to restore conventional SDI-based environments with live production systems providing high efficiency and system control, has led to the adoption of advanced broadcast equipment.
Furthermore, the rising number of over-the-top (OTT) subscriptions, growing adoption of digital platforms, development in the internet of things (IoT), improving cloud infrastructure and rapid digitalization are some of the other factors propelling the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Broadcast Equipment Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AvL Technologies, Belden Inc., Broadcast RF Limited, Clyde Broadcast, ETL Systems Ltd, Evertz, EVS Broadcast Equipment, General Dynamics Corporation, Global Invacom, Grass Valley, Sencore (Wellav Technologies Ltd.) and Telefonaktiebolaget LM Ericsson.
The report has segmented the market on the basis of region, product, technology and application.
Breakup by Product:
- Dish Antennas
- Video Servers
- Transmitters and Repeaters
Breakup by Technology:
- Analog Broadcasting
- Digital Broadcasting
The Breakup by Application:
- Studio Production
- Post Production
- Sports Production
- News Production
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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