Nowadays, Artificial intelligence (AI) plays a significant role in transforming and strengthening industries all over the globe. From large organizations and governmental organizations to small online businesses, artificial intelligence is used by several entities over multiple platforms all over the world. According to a survey in 2020 conducted by NewVantage, 91.5 percent of top businesses were investing heavily in artificial intelligence. Therefore, artificial intelligence (AI) plays an essential role in the growth of business and can also pave the way for the growth of the global broadcast equipment market.
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Data Bridge Market Research analyses a growth rate in the Global Broadcast Equipment Market is expected to reach USD 10,718.62 million by 2029 from USD 6,624.34 million in 2021, growing at a CAGR of 6.2% in the forecast period of 2022 to 2029. Increasing need for media files over the internet will likely to increase the growth of the global biotechnology market.
The increasing proliferation of smart consumer electronic devices is expected to drive the market's growth rate
The growing proliferation of smart consumer electronic devices is likely to propel the growth of the market during the forecast period. A smart electronic device is an electronic device that can interact and share with its users. According to a recent survey, in 2020, 61 percent of people globally owned at least one smart device. In recent times, smart TV and smartphones have gained huge popularity among consumers and have become an important part of the human lifestyle. As the number of smart devices increase, the demand for broadcasting content such as video content, live streaming, and others will also rise. Therefore it will boost the growth of the global broadcast equipment market.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Frequency (Low Frequency, Medium Frequency, High Frequency, Very High Frequency, Ultra-High Frequency And Super-High Frequency), Technology (Analog Broadcast And Digital Broadcast), Power Range (High Power Range and Low Power Range), Content Type (Audio/Visual, Video and Audio), Product Type (Transmitters & Repeaters, Dish Antennas, Encoders, Amplifiers, Modulators, Switches, Video Servers And Others), Application (IPTV, Television, Cable Television and Radio)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cisco Systems, Inc. (U.S.), Harmonic, Inc. (U.S.), CommScope Holding Company, Inc. (U.S.), Grass Valley (Canada), Global Invacom (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Evertz (Canada), General Dynamics Mission Systems, Inc. (U.S.), Sencore (U.S.), AvL Technologies (U.S.), EVS Broadcast Equipment (Belgium), Belden Inc. (U.S.), Elma Electronic. (Switzerland), Broadcast Electronics (U.S.), Wellav Technologies Ltd. (China), ACORDE Technologies S.A. (Spain), Eletec Radio Broadcast Equipment & Transmitters. (India), ETL Systems Ltd (U.K.), Clyde Broadcast Technology Ltd (U.K.) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The broadcast equipment market is segmented on the basis of frequency, technology, power range, content type, product type, and application.
The ultra-high frequency segment of frequency segment is anticipated to dominate the broadcast equipment market
The ultra-high frequency segment is expected to dominate the global broadcast equipment market with a 28.64% share because of increasing focus on advanced high-speed broadband infrastructure to support the increasing demand for cell phones, satellite communication and television broadcasting because these frequency range is appropriate for broadcasting.
The high power range segment of power range segment is anticipated to dominate the broadcast equipment market
The high power range segment is expected to dominate the global broadcast equipment market with a 59.29% share because advent of smart devices has increased the demand for the media-generated content all around the world. In order to provide quality content and best possible service, high power range broadcast equipment is used high power range.
Major Players
Data Bridge Market Research recognizes the following companies as the major broadcast equipment market players in broadcast equipment market Cisco Systems, Inc. (U.S.), Harmonic, Inc. (U.S.), CommScope Holding Company, Inc. (U.S.), Grass Valley (Canada), Global Invacom (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Evertz (Canada), General Dynamics Mission Systems, Inc. (U.S.), Sencore (U.S.), AvL Technologies (U.S.), EVS Broadcast Equipment (Belgium).
Market Development
Regional Analysis
Geographically, the countries covered in the broadcast equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in broadcast equipment market during the forecast period 2022 to 2029
North America dominates the broadcast equipment market because of the increasing number of online streaming shows in this region. Furthermore, the U.S. accounted maximum share of the broadcast equipment market because it is the highest exporting country.
Asia-Pacific is estimated to be the fastest-growing region in broadcast equipment market the forecast period 2022 to 2029
Asia-Pacific is expected to grow from 2022 to 2029 because of the rising popularity of high-definition (HD) content and the availability of on-demand material via OTT platforms in this region. Additionally, increasing transition from analog broadcasting to digital broadcasting will further boost the market growth in this region.
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Global Broadcast Equipment Market – Industry Trends and Forecast to 2029
Global Live IP Broadcast Equipment Market – Industry Trends and Forecast to 2028
Middle East and Africa Broadcast Equipment Market – Industry Trends and Forecast to 2029
Asia-Pacific Broadcast Equipment Market – Industry Trends and Forecast to 2029
North America Broadcast Equipment Market – Industry Trends and Forecast to 2030
Europe Broadcast Equipment Market – Industry Trends and Forecast to 2029