According to the latest report by IMARC Group, 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 represent the set of automated systems and devices that are utilized for broadcasting video or audio content via any electronic mass communication medium. They are extensively used in radio stations, recording studios, and other facilities to ensure high-quality video and audio production in a cost-efficient manner. Some commonly available broadcast equipment include cameras, video servers, dish antennas, encoders, microphones, modulators, amplifiers, transmitters, repeaters, etc. They find wide-ranging applications in news houses, studio production centers, sports production facilities, etc., across the globe.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Broadcast Equipment Market Trends and Drivers:
The escalating popularity of digital content among individuals, on account of the rising penetration of smartphones, laptops, and high-speed internet, is among the key factors driving the broadcast equipment market. Additionally, the shifting consumer preferences from conventional SDI-based environments towards live production systems that provide high efficiency and system control features are further catalyzing the market growth.
Besides this, the inflating demand for ultra-high-definition (UHD) and 4K format content is propelling the adoption of advanced broadcast equipment for better viewing quality, which, in turn, is acting as another significant growth-inducing factor.
Moreover, the growing number of over-the-top (OTT) platforms and subscriptions, particularly among the Millennial population, is also positively influencing the global market. Apart from this, numerous technological advancements, including the introduction of internet protocol (IP)- and cloud-based solutions, are projected to stimulate the broadcasting equipment market over the forecasted period.
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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
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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