The size of the world market for broadcast equipment would surpass US$ 8.1 billion by 2032. It had a CAGR of 5.8% for the ten years before that. Future Market Insights predicted that between 2022 and 2032, the market will grow at a 5.1% CAGR. The market was worth US$ 4.9 billion in 2022.
Because of the rising need for high-quality video and audio, sales of broadcast technology have surged. IP live-production technology has progressed recently. It resulted from content created in the 4K and UHD formats. These were transmitted in the same format for easier viewing. It is required to capture live recordings. Globally, flexible and effective system control is necessary.
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The market is expanding because of technological advancements. Because of these reasons, broadcasters must now offer UHD output to their premium subscribers.
The growth of digital channels would also encourage the purchase of broadcast equipment. Sales would also be pushed by the expanding use of cutting-edge broadcasting technologies. A few technologies allow for the coverage of general news and sports news in 4K and 8K video quality, respectively.
The market can be hindered by the speedy development of digital audio and video formats. With each new development in digital technology, standards for digital formats and compression techniques change. High-definition content is becoming more popular as a result of the exploding need for broadcast technology. Analog transmission is being replaced by digital broadcasting among consumers.
The Cisco Digital Media Encoder 2200 is one modern video encoding device. It is a professional-grade multiprocessor and audio device. On-demand streaming of digital material is available. Additionally, it offers live streaming via an IP network. Thus, as the need for audio and video encoding grows, there will be a high demand for encoders for broadcasting.
Key Takeaways from Broadcast Equipment Market Study
The global broadcast equipment market would witness a 5.1% CAGR in the forecast period.
North America would reach a valuation of US$ 3.25 billion by 2032.
The USA broadcasting equipment market would outpace US$ 2.5 billion by 2032.
The United Kingdom broadcast equipment market would expand at a CAGR of 4.3% from 2022 to 2032.
China would surpass a broadcast equipment market size of US$ 693.4 million by 2032.
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Competitive Landscape: Broadcast Equipment Market
Numerous businesses create products for broadcast equipment worldwide. The level of competition among these businesses would depend on their costs, reputation, or clientele.
By partnering with regional players, significant corporations are concentrating on increasing their geographic reach. A few others are working together and merging businesses to improve their situations.
In November 2021, Belden Inc. collaborated with Gravita Media to provide broadcasting infrastructure solutions. It would provide these to four locations in Qatar for the broadcast of the FIFA World Cup 2022. The broadcast will be in 4K HDR. It will allow production teams to directly plug and play. Gravity Media will supply to multiple broadcasters such as BBC Wales and Fox Sports USA.
In January 2021, Evertz Technologies Limited acquired Studer. The latter is an audio brand from Harman International. The iconic brand would help Evertz to better serve its clients in the broadcast market.
In March 2020, Datum Systems released highly advanced Elements M7D Multi-Demod. It supports 64 Rx channels. All of them are equipped with a single-unit rack space.
Competitive Landscape
Several companies in the world manufacture broadcast equipment products. The cost, brand, or customer base of numerous companies would determine how fiercely they compete.
Several key companies are focusing on expanding their geographic presence by teaming up with local players. A few others are engaging in mergers & acquisitions and collaborations to strengthen their positions.
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Broadcast Equipment Market Outlook by Category
By Technology:
Analog Broadcasting
Digital Broadcasting
By Product:
Dish Antennas
Switchers
Video Servers
Encoders
Transmitters and Repeaters
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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