Broadcast equipment market size report 2023 – USD 19.40 billion industry

Broadcast Equipment Market Size, Share & COVID-19 Impact Analysis, By Technology (Analog Broadcast, Digital Broadcast), By Application (Television and Radio), By Equipment (Dish Antennas, Switches, Video Servers, Encoders, Transmitters and Repeaters, Other) and Regional Forecast, 2022-2029

The global “Broadcast Equipment Market Size” is expected to rise with an impressive CAGR and generate the highest revenue by 2030. Fortune Business Insights™ in its latest report published this information. The report is titled “Broadcast Equipment Market Size, Share and Revenue Forecast, 2022-2029”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The broadcast equipment market size was USD 5.71 billion in 2021 and is projected to grow from USD 6.24 billion in 2022 to USD 19.40 billion by 2029, exhibiting a CAGR of 17.6%.

Driving Factor:
Emergence of Numerous OTT Platforms to Propel Market Progress
Broadcast equipment is the distribution of audio and video content to audiences using an electronic communications medium. The emergence of numerous OTT platforms is expected to boost the demand for the equipment. Furthermore, the increasing adoption of smartphones and Internet-of-Things (IoT) is expected to enhance the demand for the equipment. Moreover, the rising number of OTT audiences and the emergence of several OTT platforms is expected to enhance the demand for the equipment. Also, broadcasting technology advancements are expected to facilitate the broadcast equipment market growth.

However, high initial investments and lack of labor are expected to hamper the industry’s growth.

Regional Analysis for Broadcast Equipment Market:

• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)

TheBroadcast Equipment Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Broadcast Equipment Market Segments:

By Technology

• Analog Broadcasting
• Digital broadcasting

By Application

• Television
• Radio

By Equipment

• Dish Antennas
• Switches
• Video Servers
• Encoders
• Transmitters and Repeaters
• Other

Top SmartBroadcast Equipment Market Size Manufacturers covered in the Market Report include:

• CommScop (U.S.)
• Evertz Microsystems Ltd. (Canada)
• Global Invacom Group Limited (Singapore)
• EVS Broadcast Equipment (Canada)
• AvL Technologies Inc. (U.S.)
• ACORDE Technologies S.A (Spain)
• ETL Systems Ltd. (U.K.)
• Clyde Broadcast (U.S.)
• Sencore (U.S.)
• Eletec Broadcast Telecom S.A.R.L (France)

Research Methodology:
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc. NCN