Broadcast equipment market projected to reach USD 10.7B by 2029

The broadcast equipment market is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. The broadcast equipment market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.2% in the forecast period of 2022 to 2029 and expected to reach USD 10,718.62 million by 2029.

Driving factors of the broadcast equipment market
The driving factors of the broadcast equipment market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Broadcast Equipment across various industries further propel market expansion.

Top companies operating in the broadcast equipment market
Some of the major players operating in the broadcast equipment market are Cisco Systems, Inc., Harmonic, Inc., CommScope Holding Company, Inc., Grass Valley Canada, Global Invacom, Telefonaktiebolaget LM Ericsson, Evertz, General Dynamics Mission Systems. Others include Inc., Sencore, AvL Technologies, EVS Broadcast Equipment, Belden Inc., Elma Electronic., Broadcast Electronics, OMB, Wellav Technologies Ltd., ACORDE Technologies S.A., Eletec Radio Broadcast Equipment & Transmitters., ETL Systems Ltd, Clyde Broadcast Technology Ltd among others.

Key regions in the global broadcast equipment market
North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Turkey etc.) Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam), South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
BCS Bureau