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Market InsightThe Global Broadcasting Equipment Market is witnessing higher growth and is anticipated to achieve a valuation of USD 7,705.3 Million at a pace of 6% CAGR during the forecast period (2017 to 2023). The broadcast industry is rising due to rapid digitalization as a point of advancement and development of internet services. Broadcast is referred to the distribution of media in the form of audio and video through sources like radio, television, and other means of the telecast. The wide range of applications of Broadcasting Equipment gives a force to the market growth constructively.
According to the study, there has been a gradual shift from analog to digital delivery methods as well as the growth of online video platforms are considered chief market influencer. These are also the key trends that have impacted the broadcasting ecosystem positively across the world. Apart from these, the market is also getting popular with the existing and upcoming broadcast technologies and advances in broadcasting equipment, which has made it more valuable than ever.
New product developments by broadcast companies that involved higher power transmitters, signal routing (waveguide and coaxial cable), modulators, equipment racks, monitor and control systems, and video displays, which enables ease of broadcasting, are revolutionizing the competitive landscape of the market and are expected to continue to do so in the assessment period. Moreover, aspects such as increasing data traffic over the Internet and direct offering of over-the-top (OTT) services to consumers are expected to contribute positively to the broadcasting equipment market. These improved customer service experience by the usage of smartphones and high-speed broadband services by telecom operators, thus assisting 24/7. These factors created an upsurge in the market growth that promises to continue in the assessment period by more subscriptions.
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Industry Segments
The global broadcasting equipment market is divided into segments of application and product.
In terms of application, the broadcasting equipment market has been divided into CATV, direct broadcasting satellite, terrestrial television, IPTV, and radio. The IPTV segment is likely to record the highest CAGR during the forecast period.
In terms of product segmentation of the market, it comprises encoders, dish antenna, transmitter and repeater, switch, video server, amplifier, modulator, and many more. The encoders segment had a broader market share in 2017, while the video server segment is possible to record the highest CAGR during the assessment period.
Key Players
Cisco Systems Inc. (US), Evertz Microsystems, Ltd (Canada), Belden Inc. (US), Clyde Broadcast (UK), Eletec Broadcast Telecom SARL (France), AVL Technologies, Inc. (US), Global Invacom Group Limited (Singapore), Euro Media Group (France), Telefonaktiebolaget LM Ericsson (Sweden), EVS Broadcast Equipment (Belgium), Harmonic Inc. (US), Sencore (US), ACORDE Technologies SA (Spain), ETL Systems Ltd (UK), ARRIS International PLC (US), TAMURA Corporation (Japan), Japan Radio Co. (Japan), Ikegami Tsushinki Co., Ltd (Japan), Shotoku Corp. (Japan), Panasonic Corporation (Japan), Hitachi, Ltd (Japan), and NEC Corporation (Japan) are some of the well-known players in the global broadcasting equipment market.
Detailed Regional Analysis
Broadcasting Equipment Market, by region, has been studied under the critical regions of Asia-Pacific, North America, Europe, and the Rest Of the World.
Asia-Pacific is acknowledged to emerge as the fastest-growing market in the broadcasting equipment market with higher CAGR with the inclusion of technological innovation, continuous economic growth, and the rising demand for communication services. The country like Japan has been spot on the second-largest position in the market in 2017 and is expected to record more in the future.
North America has been observed to be viewing an immense growth in the forecast period, making it the fastest-growing region for high internet usage alongside the rising demand for paid TV. On the other hand, the constant development of network infrastructure and IT services has led to the upward popularity of OTT content platforms such as Netflix, YouTube, and Amazon Prime. These have eventually attracted the viewer’s choice, and thus, the number of subscriptions also increased with time and became the latest trend.
In the last, Europe also has witnessed a fast digital transition with the setup of specific purpose bodies, such as Digital UK, consisting of government departments, regulatory agencies, broadcasters, network operators, and consumer electronics manufacturers. These allowed for a smooth transition process and contributed to the market share in this region.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Broadcast Equipment Market: By Region, 2017-2023
Table3 North America Broadcast Equipment Market: By Country, 2017-2023
Table4 Europe Broadcast Equipment Market: By Country, 2017-2023
Table5 Asia-Pacific Broadcast Equipment Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Broadcast Equipment Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Broadcast Equipment Market
FIGURE 4 Value Chain Of Global Broadcast Equipment Market
FIGURE 5 Share Of Global Broadcast Equipment Market In 2017, By Country (In %)
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