The latest research study “Global Broadcast Equipment Market Report, Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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.
Industry Definition and Application:
Broadcast equipment is a collection of automated systems and devices used for broadcasting video/audio content through any electronic mass communication medium. It is broadly used in radio stations, studios and various other premises to provide high-quality audio and video creation in a time and cost-efficient manner. Some of the common broadcast equipment includes encoders, video servers, amplifiers, cameras, transmitters, dish antennas, modulators and microphones.
Global Broadcast Equipment Market Trends and Drivers:
The rising utilization of laptops, smartphones, and high-speed internet has led to the increasing consumption of digital content among individuals, which is one of the primary factors driving the market growth. Besides this, advanced broadcast equipment provides better viewing quality, which aids in producing ultra-high-definition (UHD) and 4K format content, thus representing another major growth-inducing factor. Additionally, with the recent outbreak of coronavirus disease (COVID-19), there has been a shift toward internet protocol (IP) and cloud-based solutions. This, along with the rising emphasis of the key players to restore conventional SDI-based environments with live production systems providing high efficiency and system control, has led to the adoption of advanced broadcast equipment. Furthermore, the rising number of over-the-top (OTT) subscriptions, growing adoption of digital platforms, development in the internet of things (IoT), improving cloud infrastructure and rapid digitalization are some of the other factors propelling the market growth.
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Broadcast Equipment Market Report Scope
|Market size value in 2021||US$ 4.86 Billion|
|Market forecast in 2027||US$ 6.74 Billion|
|Growth Rate||CAGR of 5.30% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Product, Technology, Application and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Product:
- Dish Antennas
- Video Servers
- Transmitters and Repeaters
Breakup by Technology:
- Analog Broadcasting
- Digital Broadcasting
The Breakup by Application:
- Studio Production
- Post Production
- Sports Production
- News Production
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 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.
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