Digitization Efforts by Governments to Support Broadcast Equipment Market
Competitive Landscape
Harmonic Inc (U.S.), Grass Valley (Canada), Ericsson AB (Sweden), Evertz Microsystems, Ltd (Canada), Global Invacom Ltd (Singapore), AvL Technologies (U.S.), EVS Broadcast Equipment SA (Belgium), ETL Systems Ltd (U.K), Sencore (U.S.), Clyde Broadcast (U.K), Acorde Technologies, S.A (Spain), and Cisco Systems Inc (U.S.) are the notable players in the global broadcast equipment market.
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Overview
Broadcast equipment include components such as transmitters, repeaters, encoders and others which are used to distribute audio and video content to a large audience. Market Research Future (MRFR's) recent report on the global broadcast equipment market throws light on the various macro and micro-economic factors that are likely to govern the market over the forecast period of 2017-2023. MRFR has projected steady growth within the broadcast equipment over the forecast period.
Broadcast signals have a wider reach than cables, broadband and cellular networks and has gained popularity among consumers as a reliable information media. The developed economies of the world have already embraced digitization, and the developing countries are following the suit which is likely to drive the demand for broadcast equipment. Consumer demand for ultra-high-definition content and shifting preference towards over-the-top (OTT) services such as Amazon Prime, Netflix, and YouTube is boosting the demand for broadcast equipment. Additionally, various OEMS have sifter their focus towards software-based architecture which is a key factor. The governments in multiple countries have taken concrete steps to bring digitization and are investing heavily on the same. Broadcasting technology has evolved with time to incorporate the needs of consumers. Progress in technology has facilitated more credible, personalized and interactive media which is further boosting the growth of the market. Other factors boosting the growth of the market include the emergence of 5G would increase the adoption of broadcast equipment.
On the other hand, rapid progress and upgradation in technology requires broadcast equipment to be upgraded, which is a major obstacle for the market growth, given the high cost of broadcast equipment.
Segmentation
The global broadcast equipment market has been segmented based on application, product, and technology.
By application, the broadcast equipment market has been segmented into radio, cable television, television, direct broadcasting satellite (DBS), and IPTV.
By product, the broadcast equipment market has been segmented into dish antenna, encoders, switches, video servers, amplifier, transmitters and repeaters, and modulators.
By technology, the broadcast equipment market has been segmented into analog broadcasting and digital broadcasting.
Regional Analysis
Region-wise, the Broadcast Equipment Market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America accounts for the principal share of the global broadcast equipment market. Availability of advanced infrastructure and high-speed internet in the region is supporting the growth of the market. large-scale digitization and mounting popularity of over-the-top (OTT) content platforms in the region has also generated demand for broadcast equipment. Other factors favoring the growth of the North America market include the presence of major market players and technological advancement in the region.
The APAC broadcast equipment market is poised to register the highest CAGR over the forecast period. Rapid development of network infrastructure along with optimization of mobile broadband optimization is supporting the market growth. Moreover, the emerging economies of the region are investing heavily on advanced technologies such as video switchers, uncompressed transmitters for fiber optics, slow-motion controls, HEVC encoder, upconverter to 8K, 8K recorders which will propel the growth of the market over the forecast period.
The Europe broadcast equipment market is driven by digitization efforts initiated by bodies such as Digital UK, and other bodies such as consumer electronics manufacturers, network operators, and regulatory agencies.
Industry Updates
July 2019 - Adder Technology, a manufacturer of information technology hardware, announced partnership with Chinese distributor Advanced Communication Equipment (ACE) to expand its geographical reach in the Asian market. Through the partnership Adder’s full range of innovative solutions would be distributed by ACE in the Chinese market.
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LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Broadcast Equipment Market: By Region, 2017-2023
Table3 North America Broadcast Equipment Market: By Country, 2017-2023
Table4 Europe Broadcast Equipment Market: By Country, 2017-2023
Table5 Asia-Pacific Broadcast Equipment Market: By Country, 2017-2023
Continued……
LIST OF FIGURES
FIGURE 1 Global Broadcast Equipment Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Broadcast Equipment Market
FIGURE 4 Value Chain Of Global Broadcast Equipment Market
FIGURE 5 Share Of Global Broadcast Equipment Market In 2017, By Country (In %)
Continued…….
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