ID: MRFR/SEM/6176-CR | 101 Pages | Published By Ankit Gupta on July 2019
Broadcasting Equipment Market size to reach USD 8.4 Billion at a CAGR of 6.1% from 2020 to 2030 (forecast period)
$8.4 Billion
6.1%
North America
2020-2030
Market Research Future (MRFR) expects the Broadcasting Equipment Market size to reach USD 8.4 Billion at a CAGR of 6.1% from 2020 to 2030 (forecast period). This is mainly because the demands for different hardware-oriented products have switched to architectural software needs around the globe.
Broadcasting equipment may include varied products such as radio broadcasting digital, antenna, FM, Bluetooth, broadcast console, wireless, microwave, television, and AM. Their technology may be digital or analog based on the preference of the consumer. This improves the customer base and aids in the overall market growth. The broadcasting products may be dish antennas, transmitters, amplifiers, encoders, repeaters, or switches.
The Media & Entertainment industry is growing swiftly. It deploys most of the broadcasting equipment. Most regions around the globe are adopting cable and satellite television channels. There is also an increased internet penetration and growth of sturdy cellular networks. Hence, in the coming years, the global broadcasting equipment market is expected to see enormous growth.
After the impact of Covid-19 across the globe, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocols also affected many small and big business institutions alike. Moreover, the time restrictions, transport hindrance, and export & import suspension will also affect the various market profits largely. The Broadcasting equipment market has faced a slight downfall in its revenue generation.
However, the government has introduced several regulations for market deployment, to help recover from the market profit loss due to the pandemic. The government is also investing a lot in the research and development of broadcasting equipment technology. In the global market, many of the key companies are collaborating or acquiring other companies and implementing much advancement to promote their products.
A few factors may aid the growth of the broadcasting tools market. There has been a huge amount of investment in the OTT service platforms which deliver content to multiple broadcasting channels. High-speed internet and cellular network infrastructure penetration are also spreading globally. Hence, these factors fuel the growth of the Broadcasting equipment market size.
Robust IT infrastructures are available across the globe. Moreover, the growing digitalization and internet penetration have led to the widespread adoption of broadcasting services worldwide. Also, there is a growing demand for UHD (Ultra-high-definition) content transmission and D2C (direct-to-consumer) services. Many people are shifting to cloud-based solutions. Hence the broadcasting market is expected to see substantial growth in the coming years.
There may be a few factors that inhibit the growth of the global broadcasting tools market. Traditional broadcast equipment often delivers only limited bandwidths for live transmission. Moreover, governments around the globe are investing in the research and development of advanced broadcasting technology. These factors may hinder the growth of the market.
Some factors may challenge the key broadcasting instrument providers in the global market. The Federal Commission has implemented harsh guidelines for broadcasting and transmitting 4k and UHD (Ultra High Definition) quality content. Moreover, there have been significant investments in the development and research of advanced equipment. The growth of competitive new advanced technology may replace traditional broadcasting equipment. These factors may challenge the major broadcasting instrument companies around the globe.
The global Broadcasting Equipment market is expected to see substantial growth over the forecast period (2020 – 2030). The radio broadcasting equipment market is expected to grow at a swift speed, with a CAGR (Compound Annual Growth Rate) of 6.1% in the coming years. The market value is anticipated to reach around USD 8.4 Billion by the end of the year 2030. This is mainly because the demands for different hardware-oriented products have switched to software needs around the globe.
The broadcast studio tools such as the radio station equipment are ever-evolving from standard equipment to dynamic, quality-driven environments. Moreover, creative people and artists are moving to unconventional and non-traditional platforms to exhibit their content. The broadcast equipment may be live, digital or analog. This may be offered according to the consumer’s wants.
The quantum of digital devices often includes video broadcasting equipment such as smartphones, tablets, laptops, or computers. This visual advancement of broadcasting has become an integral part of the system. Especially post-Covid-19, the need for broadcasting devices has grown significantly.
The global broadcasting equipment market is divided into various segments such as technology, product, and application. Given below are the important broadcasting equipment market segments:
The regional analysis of the global broadcasting instruments market is classified as Asia Pacific, North America, Europe, and Middle East & Africa. Among them, North America is anticipated to rule the market with the highest CAGR and Radio Broadcasting Equipment market share in the forecast period. This region held the highest market share in the year 2019 as well.
Moreover, there has been an enormous rise in the number of satellite and cable television channels in the region. Also, North America is a region with widespread internet penetration and high-speed network provisions. This offers broadcasters many choices for their expression. Hence, the factors fuel the region’s market growth. Europe is expected to be the second leading region in the Broadcasting Equipment market forecast.
The broadcasting tools market is dominated by a few companies that play a vital role in the growth of the market. These level broadcasting instrument manufacturer companies are called the key companies. They contribute to the largest share of the market profit. The key companies contribute to the growth of the market by adopting many broadcasting equipment market trends.
Listed below are some of the major Broadcasting equipment companies in the global market with the location of their headquarters:
The number of SMEs (Small & Medium Enterprises) in Europe is increasing swiftly. Most of them offer services related to the media and entertainment industry. This is the reason behind the widespread numerous key companies in Europe in the forecast period.The OTT services industry has seen a boom since the pandemic, because of the lockdown. Hence, a huge amount of broadcasters that provide D2C (Direct-to-consumer) services are making their way into the global market. So, local and regional broadcasting service providers are anticipated to compete in the international market very soon.
This research report compiles all the information about the growth of the global broadcasting equipment market in the forecast period. It also contains all the different sections of the broadcasting instrument market analysis to help obtain detailed information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. Moreover, all the information is collected from verified primary and secondary sources to deliver the expected market growth of the broadcasting tools industry by the year 2027.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 8.4 Billion |
CAGR | 6.1% |
Base Year | 2019 |
Forecast Period | 2020-2030 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Application, Product and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Cisco Systems, Inc. (the US), Eletec Broadcast Telecom SARL (France), Evertz Microsystems, Ltd (Canada), Harmonic Inc. (US), Belden, Inc. (the US), Clyde Broadcast (UK), Global Invacom Group Limited (Singapore) and Euro Media Group (France), Sencore (US) |
Key Market Opportunities | Emergence of OTT services |
Key Market Drivers | Advancement in broadcasting technology |
CAGR of 6.1% is recorded for the Broadcasting equipment market, as per the study by experts.
The Broadcasting equipment market is going to achieve a valuation of USD 8.4 Billion by 2030.
2020-2030 is the growth period for the Broadcasting equipment market estimated for the experts.
Asia-Pacific, North America, Europe, and the rest of the world are the key regions where the market’s growth has been evaluated.
Asia-Pacific region is the fastest growing market in the broadcasting equipment market for having optimum technological innovation, the rising demand for communication services and continuous economic growth.