Broadcast Equipment Market Overview
Broadcasting
Equipment Market Size was valued at USD 5.2 billion in 2022. The
broadcasting equipment market is projected to grow from USD 5.517 Billion in
2023 to USD 407.9 billion by 2032, exhibiting a compound annual growth rate
(CAGR) of 6.10% during the forecast period (2023 - 2032). Broadcasting is the
distribution of video and audio content to a target audience via electronic
mass communication. Broadcasting started with FM radio, and it gained
popularity in 1920 with the spread of vacuum tube radio transmitters. The
broadcast is a transmission of information to a big group of people. It is
limited to a local area network system; broadcasting services provide reliable
options to spread direct and reliable information media to amass people.
Increasing
the use of smart electronic devices, rapidly growing demand for HD and 3D
contents, and increasing internet penetration will boost the Broadcast
Equipment market growth. People can enjoy their favorite
broadcasting shows like movies, cartoons, and web series on their portable
electronic devices such as laptops, smartphones, and tablets that offer quality
content easily accessible by anyone. Additionally, increasing investment in
high-speed broadband and rising technological advancements, rising demand for
D2C is propelling the Broadcast Equipment market growth.
The Broadcast Equipment industry will grow more due to the increasing audience
and increasing use of smart phones.
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Market segmentation
The Broadcast
Equipment industry is segmented based on product, application,
and technology.
The
Broadcast Equipment market is divided into video servers, digital broadcasting,
encoder, and product. The encoder segment holds the highest share in the market
due to high accuracy, reliability, accuracy, compact size, and low replacement
of the encoder. Based on technology, the Broadcast Equipment market is
segmented into analog and digital. Both these segments have almost the same
share in the market. Based on application, the Broadcast Equipment market is
segmented into Radio and television. The radio segment is dominated the
Broadcast Equipment market due to easy accessibility and increasing demand for
audio streaming.
Regional analysis
The
major regions in the Broadcast Equipment market are North America, Europe, Asia
Pacific, and the rest of the world. The North American region is expected to
witness significant growth during the forecast period. A rapidly growing number
of satellite and television channels with increasing internet access has
offered broadcasters an opportunity to offer high-quality content to the
viewers, which is one of the major reasons behind the Broadcast Equipment
market growth in this region. also increasing use of smart devices contributes
in the Broadcast Equipment market size growth in
North America. The European region holds the second-highest share in the
market, following North America. The European region is likely to witness huge
growth due to the increasing number of broadcasters in the region.
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Industry news
In
June 2021, Sencore announced the advancements in the video capture, audio, and
closed captions features of the VB440 and video over IP monitoring appliance;
this new audio feature includes support for 5.1 and 7.1 multichannel
configurations, SMPTE 2110-31 compressed audio, as well as room meter
analytics.
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1 EXECUTIVE
SUMMARY
1.1. Market
Summary
1.2. Global
Broadcast Equipment Market, By Application
1.3. Global
Broadcast Equipment Market, By Product
1.4. Global
Broadcast Equipment Market, By Region
2 MARKET INTRODUCTION
2.1. Market
Definition
2.2. Scope
Of The Study
2.3. Market
Structure
3 RESEARCH
METHODOLOGY
3.1.
Research Process
3.2.
Primary Research
3.3.
Secondary Research
3.4. Market
Size Estimation
3.5.
Forecast Model
3.6. List
Of Assumptions
4 MARKET
DYNAMICS
4.1.
Overview
4.2.
Drivers
4.2.1.
Transition Of Hardware–Oriented Products To Software–Based Architecture
4.2.2.
Growing Demand Of Over–The–Top Content Via Different Channels
4.3.
Restraints
4.3.1.
Rapid Change In The Broadcasting Technologies
4.4.
Opportunities
4.4.1.
Adoption Of 5G Connectivity For Broadcasting
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