Global Broadcast Equipment Market Growth, Size, Research Report and Forecast 2024-2032

Broadcast Equipment Market Size And Forecast

Broadcast Equipment Market size was valued at USD 30.4 Billion in 2021 and is projected to reach USD 47.3 Billion by 2030, growing at a CAGR of 5.05% from 2023 to 2030.

Some of the reasons projected to propel market expansion over the forecast period are growing audiences, rising usage of smartphones, and growing inclination for UHD content creation. The study on the Global Broadcast Equipment Market offers a comprehensive analysis of the industry. The Global Broadcast Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Broadcast Equipment Market Definition

Distribution of audio and video material to a target audience through electronic mass communication is known as broadcasting. FM radio was the first kind of broadcasting, and it became widely used in the 1920s when vacuum tube radio transmitters proliferated. A broadcast is the dissemination of information to a big audience. In most cases, broadcasting is restricted to a local area network system. The most direct and trustworthy information mediums are provided to a large audience via broadcasting services, which remain alluring. The broadcast equipment will provide free service as soon as you acquire it. The cable, internet, and cellphone networks cannot compete with the broadcast signal’s reach.

The FOBTV effort brings together global producers of and broadcasting technology, who work together to create the following generation of broadcasting systems. It also addresses the issue of the constrained radio spectrum by optimizing data compression, which gives the broadcaster the ability to use the extra capacity to send more data. The broadcasting equipment consists of both audio and video components; the audio components are focused on voice, while the video components are focused on picture capture and reliance. Microphones, voice recorders, cellphones, and other tools are used for audio broadcasting, while camcorders, smartphones, cameras, camera lenses, tripods, and other tools are used for video broadcasting. Information, education, and entertainment are all important functions of broadcasting equipment.

Global Broadcast Equipment Market Overview

The expansion of the Broadcast Equipment Market is being driven by an increase in the use of smart electronic devices, an increase in the demand for 3D and HD content, and an increase in internet usage. On their portable electronic devices, such as smartphones, tablets, laptops, etc., people can now enjoy their favorite broadcasted shows, such as web series, movies, cartoons, etc., thanks to the internet, which provides high-quality material that is freely available to everyone. Additionally, the market is seeing prospects for development due to rising investments in high-speed internet infrastructure, advancing technology, and rising demand for D2C offerings via services.

High-definition video quality is now more readily available because to emerging technologies like and AI, which have hastened the development of broadcasting equipment gadgets. The industry is expanding thanks to the proliferation of OTT services and digital channels. The market’s expansion may be hampered by inconsistent content delivery and exorbitant broadcasting equipment costs. The high capital costs associated with constructing new broadcasting facilities, such as cameras, cables, audio & video mixers, etc., may negatively impact industry growth.

Global Broadcast Equipment Market Segmentation Analysis

The Global Broadcast Equipment Market is segmented on the basis of Product, Application, Technology, And Geography.

Broadcast Equipment Market, By Product

• Video Server
• Encoder
• Digital Broadcasting
• Others

Based on Product, the market is segmented into video servers, encoders, digital broadcasting, and others. Due to its high precision and dependability, cheap replacement cost, small size, and rising OTT service usage, the encoder sector had the greatest market share.

Broadcast Equipment Market, By Application

• Radio
• Television

Based on Application, the market is segmented into radio and television. Due to its widespread availability, rising demand for , which has increased sixfold over the past several years, and rising usage of smartphones, pagers, telephones, etc., the radio category held the largest market share

Broadcast Equipment Market, By Technology

• Analog
• Digital

Based on Technology, the market is segmented into Analog and Digital. Both market categories have an equal market share. The number of broadcasters supplying D2C and OTT services, as well as analog multiple and synchronized streams of audio interfaces like the XLR, is growing, and these services provide excellent potential in the digital world.

Broadcast Equipment Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global Broadcast Equipment Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Due to the expanding number of cable satellite television channels, rising internet penetration, and growing digitalization, North America has the greatest revenue share and is predicted to keep it during the projected period.

Key Players

The “Global Broadcast Equipment Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Cisco Systems, Ericsson AB, Harmonic Inc., Grass Valley, Clyde Broadcast, Sencore, ETL Systems Inc., ARRIS International Inc., and Acorde Technologies S.A.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• December 2021, According to a contract between EVS Broadcast Equipment and HBS AG, EVS will offer HBS AG turnkey solutions, which include all broadcasting tools and services including live replay and production, for the FIFA World Cup that will take place in Qatar from November 21 to December 2022.
• December 2021, Leading Ukrainian telecom provider DATAGROUP received Cisco’s Routed Optical Networking Solution for usage by both corporate and residential customers. In order to connect more individuals and organizations, DATAGROUP used Cisco’s Routed Optical Network and integrated Software Defined Network (SDN) Transport to establish a high-speed data transmission network in Ukraine.
• February 2021, Grass Valley and Gravity Media have partnered to offer production solutions and cutting-edge processes for major sporting events. Through this collaboration, Grass Valley may benefit from a production environment that is prepared for the future of broadcast services.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Broadcast Equipment Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Broadcast Equipment Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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