Global Broadcast Equipment Market, By Application (Television, Radio, Direct Broadcasting Satellite, Cable Television), Product (Dish Antenna, Amplifier, Switch, Video Server), Technology (Analog Broadcasting, Digital Broadcasting) – Forecast till 2023
Overview
According to Market Research Future Analysis, the global broadcast equipment market is anticipated to grow at a CAGR of 6% over the forecast period, 2019-2023. According to Market Research Future, the global broadcast equipment market has been segmented into the application, technology, product, and region.
The broadcast equipment includes various electronic components like transmitters, encoders, repeaters, and many more. The major factor that drives the growth of the broadcast equipment market includes direct offering to consumers through OTT services and growing demand for media files over the high speed wireless internet. The broadcast companies use servers for data storage and to store files like audio, video in compressed form and are extracted at the receiver end. However, the growing demand for smartphones and high-speed broadband is somewhat restraining the growth of the television and radio broadcasting.
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Key Players
Some of the prominent players in the broadcast equipment market include Cisco Systems Inc (U.S.), Ericsson AB (Sweden), Evertz Microsystems, Ltd (Canada), Grass Valley (Canada), EVS Broadcast Equipment SA (Belgium), Harmonic Inc (U.S.), Clyde Broadcast (U.K), Sencore (U.S.), Acorde Technologies, S.A (Spain), AvL Technologies (U.S.), ETL Systems Ltd (U.K), Global Invacom Ltd (Singapore) among others.
The key players constantly keep innovating and investing in research for the development of cost-effective product portfolio. The broadcast equipment market also includes innovators implementing and developing new technologies for broadcast.
Segments
On the basis of the application, the Broadcast Equipment Market is segmented into radio, television, direct broadcasting satellite (DBS), cable television and IPTV. Among these, the television is the widely used application in the broadcast equipment market. The growing demand for film and media in high quality driving the television application. The film and media industry is having a great significance in countries like India, Japan, the U.S. and the U.K
On the basis of the product, the market is segmented into dish antenna, amplifier, switches, video servers, encoders, transmitters and repeaters, and modulators. Among these, the dish antenna, servers have the largest market share across all the regions.
On the basis of the technology, the market is segmented into analog broadcasting and digital broadcasting. Among these, the digital broadcasting is having the largest market share. The digital broadcasting is majorly used in high definition television and audio file transfer. The rising digital technology is the major factor tending towards the growth of the broadcast equipment market.
Regional Analysis
The market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is having the largest market share and Asia Pacific is expected to grow at a fast CAGR.
Intended Audience
- Broadcast Equipment Market services providers
- Electronic component manufacturers
- Telecom services providers
- Internet service providers
- Electrical equipment providers
- Project accounting solution providers
- Value-added resellers
- Research Firms
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