The global broadcasting equipment market is expected to grow at a CAGR of nearly 4.9% during the forecast period (2024-2031). The key factors contributing to the growth of the global broadcasting equipment market include rising internet penetration and the growing number of digital devices. According to the data of the International Telecommunication Union (ITU) 2020, more than 51% of the total population globally, or 4.0 billion individuals were using the internet, in 2019. Additionally, the growing demand for ultra-high-definition content production and transmission will propel the growth of the market.
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Several major players in the market are strengthening their market presence by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements. For instance, in August 2021, Sky Wire Broadcast, a prominent importer of a wide range of Audio-Video and Broadcast Equipment, has announced its partnership with Kiloview, a company that provides effective IP-based live production solutions. The goal of this partnership is to strengthen the broadcast and telecommunications industry’s services. Sky Wire Broadcast plans to integrate video encoding, decoding, conversion, IP-based video switching, and streaming with features such as Voice Intercom, NDI, PTZ control, OSD, cropping, and recording into their broadcasting equipment after partnering with the leading solution provider of IP-based video transmission.
For instance, in June 2021, Sencore Inc. announced the addition of a new transcoder to its portfolio of ATSC 3.0 broadcast products. The Sencore TXS 3800 is a transcoder appliance that transforms various ATSC 3.0 services into ATSC 1.0-like formats, allowing them to be reused and retransmitted in existing translator, cable, and MVPD systems.
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Market Coverage
- Segment Covered-
o By Application
o By Technology
o By Product
- Competitive Landscape- Cisco Systems Inc., Ericsson AB, Harmonic Inc., Evertz Microsystems Ltd., Grass Valley, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Broadcasting Equipment Market – Segmentation
By Application
- Radio
- Television
By Technology
- Analogue Broadcasting
- Digital Broadcasting
By Product
- Dish Antennas
- Amplifiers
- Switches
- Video Servers
- Encoders
- Transmitters and Repeaters
- Modulators
- Others
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