Broadcast Equipment Market Size, Competitive Landscape and Market Forecast - 2029

Global Broadcast Equipment Market is Segmented By Type(Video Server, Digital Broadcasting, Encoder, Dish Antenna, Others), By Technology(Analog, Digital), By Application(Radio, Television), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Broadcast Equipment Market Size, Demand Insights

The global broadcast equipment market size was worth US$ XX million in 2022 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Broadcast Equipment Market Scope and Summary

Metrics	Details
Market CAGR	High
Segments Covered	By Type, By Technology, By Application, and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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Broadcast equipment means any equipment used for any holder's production, storage, and transmission of programs. It is a part of electrical machinery, which includes transmit-receive apparatus for radio, tv, etc., television cameras, and transmission apparatus for radio, telephone, and tv. This equipment is used for broadcasting a distribution of audio or video content to a discrete audience and it plays an important role in molding society. It performs both audio and video or can be made precisely for video or audio and it comes as a wired or wireless system.

Audio and video broadcasting involves using different equipment and each has an exact function. Audio broadcast equipment focuses on collecting voices and editing Equipment used in audio broadcasts are handheld microphones, voice recorders, camcorders, smartphones, and headphones. On the other hand, video recording involves capturing raw images or films and editing the pictures or images to a better and clearer format than transmitting the final product.

The prominent tools used in the video broadcast include camcorders, smartphones, cameras, camera lenses, zoom equipment, tripods, and hard lights. The primary purpose of this equipment includes capturing raw data, altering the data into useful information, and finally communicating or transmitting it in a more user-friendly manner. The viewers or audience will be able to receive information or news from distinct sources without being present at the scene of the incident.

Broadcast Equipment Market Dynamics and Trends

The increasing demand for high-definition (HD) videos and pictures, coupled with the advent of different OTT platforms, leads to increased demand for various broadcast equipment. Furthermore, the advancement of technology to UHD and the development of technologically advanced equipment, such as 8K and 4K, is also boosting the market's growth in upcoming years.

Deployment of the latest technology, such as 5G, in various broadcast equipment

Broadcast equipment manufacturers are increasing the development of products that can easily tap the 5G networks, which provides ease and agility in covering live events and helping to lower the costs involved. 5G provides very high-speed wireless connectivity that creates a possibility to replace conventionally wired and wireless connections to cameras at outside events, including sporting matches, music festivals, and parades, reducing capital outlay and storage and maintenance expenses. Thus, the increasing deployment of the latest technology, such as 5G, in various broadcast equipment to increase agility and ease is a major driving factor for the market's growth.

Cyber-security issue with broadcasting equipment is a challenge to the growth of the market

The growing cyber-security challenges include malicious hackers targeting many broadcast equipment that needs to be secured from a ransomware attack. Many devices can still not counter cyber-attacks and can be easily hacked and altered. Additionally, hackers can be criminal gangs or individuals, state or state-sponsored terrorists who might create a serious challenge for the security of broadcasters and broadcast equipment.

COVID-19 impact on Broadcast Equipment Market Growth

The outbreak of COVID-19 hurt the broadcast equipment market and it has impacted the operation of key manufacturers across the globe. It includes Service Delivery, Research & Development, Sales and Supply, and the organization's customers and suppliers, which could result in significant financial and other consequences. The prevailing lockdown has challenges and risks relating to travel and lockdowns, limiting access to sites, transportation, and logistics, impacting the flow of goods, and having major parts of the workforce working remotely. Furthermore, the disruption of global business has also slowed down the market's growth. Work-from-home culture has also limited the organization's efficiency, slowing down the market's growth. However, the post-pandemic results would be positive as industries would start functioning and the market would witness positive growth.

Broadcast Equipment Market Segment and Shares Analysis

The global broadcast equipment market is segmented into type, application, technology, and regions. It is segmented into video server, digital broadcasting, encoder, dish antenna, and others based on type. The encoder segment holds the largest market share in 2027. The growth in the segment is attributed to the rising demand for UHD content and the increasing number of digital channels, which contributed to the growth of the market during the forecast period.

Broadcast Equipment Market Geographical Analysis

Asia-Pacific is expected to be the registered highest growth rate during the forecast period

The Asia-Pacific is expected to register the highest CAGR during the forecast period. The increasing adoption of high-definition (HD) content, development of on-demand content via OTT platforms, and increased adoption of electronic devices, namely, smartphones and laptops, enhance the market's growth during the forecast period.

North America region is expected to hold the largest market share during the forecast period. This factor, such as rising internet penetration and the adoption of new broadcasting technologies, is fueling the market's growth in the region.

Broadcast Equipment Companies and Competitive Landscape

The global broadcast equipment market is highly competitive as the significant broadcast equipment industry manufacturers have a diverse portfolio of broadcast equipment for various applications. Some of the major players contributing to the growth in the market are Cisco Systems, Inc., Harmonic Inc., Telefonaktiebolaget LM Ericsson, Evertz Technologies Limited, Eletec Radio Broadcasting Equipment & Transmitters, Clyde Broadcast Technology Ltd, EVS Broadcast Equipment SA, AvL Technologies, Inc., Grass Valley Canada and Sencore. The significant players adopt several growth strategies such as new product launches, acquisitions, joint ventures, and collaborations, contributing to global growth in the industry.

Cisco Systems, Inc.

Overview: It is a multinational company headquartered in San Jose, California, founded on 10th December 1984. It develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products. The key segment of the company includes infrastructure platforms, applications, security, and other products. The company has a presence across the globe and has 79,500 employees, which includes 47.9% in the U.S. and 52.1% in the rest of the world.

Product Portfolio: Media and entertainment solutions include collaboration, IP fabric, cloud orchestration, and data center. It enables the users to create content anywhere and assets, data, and resources are allocated wherever and whenever required.

Key Developments: On 01st December 2021, Cisco provided a routed optical networking solution to Datagroup to modernize the large-scale national project. Datagroup is building a high-speed data transmission network in Ukraine with the collaboration of Cisco routed optical networking and converged SDN transport to expand the business.

 

Frequently Asked Questions

What is the Projected CAGR value of the Broadcast Equipment Market?

The Broadcast Equipment Market is expected to grow at a high CAGR from 2022 to 2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Broadcast Equipment Market during 2022-2029.

Which is the fastest-growing region in the Broadcast Equipment Market?

Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.