The broadcasting equipment market in APAC region was valued at USD 2487.5 Mn in 2015 and is expected to register a CAGR of 8.1 percent from 2016 to 2024. The growth of broadcasting equipment market in APAC region is primarily driven by convergence of high definition technologies such as 4K with IP. As per the report, 4K services are expected to be available on IP networks over the next four to five years via satellite launching and cable platforms.
Traditional TV broadcast segment was valued at USD 1123 Mn in 2015 and is anticipated to register a CAGR of 8.1 percent during the forecast period (2016–2024). The traditional radio broadcast segment was valued at USD 544 Mn in 2015 and is anticipated to register a CAGR of 7.5 percent during the forecast period. The IP converged broadcasting is projected to be the fastest growing segment in APAC broadcasting equipment market, exhibiting a CAGR of 10.0 percent during the forecast period.
Traditional TV broadcast segment accounted for 45.1 percent share in terms of value of the total APAC broadcasting equipment market in 2015. Consumption of high definition content in APAC region is increasing at a rapid pace, supported by rising sales of HD ready TVs.
In Asia Pacific region, various countries have low electricity penetration that is creating significant challenge for broadcasters. Infrastructure challenges such as lack of electricity and mismatch cabling can negatively affect growth of APAC broadcasting equipment market. – Military Technologies