The global broadcast equipment market is anticipated to grow at a significant CAGR during the forecast period. The key factors that drive the market growth include a rising number of digital channels, an upsurge in the mobile phone, and portable devices adoption for the video broadcasting along with the improved display quality of videos. For the premium video display, video qualities such as ultrahigh definition 4K and 8K are preferred by the users, which has contributed towards the growth of the broadcast equipment market. Moreover, investments in the high-speed broadband infrastructure have been raised since the past few years, which is further fueling the broadcast equipment industry.
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The increased trends of digital broadcasting are again bolstering the market growth, that is, there has been an upsurge in the adoption of digital content due to better picture quality including HDTV and the outlining of other interactive services. Digital broadcasting ability has evolved including various novel features such as it allows the viewers to check out player statistics along with getting information with the other data such as receiving weather forecasts and news while watching a different program. Further, the government is also supporting the broadcast equipment market growth. For instance, the Telecom Regulatory Authority of India (TRAI) has mandated to release a detailed policy framework for digital radio broadcasting.
Besides, Acorde Technologies SA, Alcatel-Lucent SA, Cisco Systems, Inc. ARRIS Enterprise Inc., Brightcove Inc., Ericsson AB, ETL Systems Ltd., Grass Valley Canada, and others are some of the key players contributing to the growth of the broadcast equipment market. New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players to cope in the competitive broadcast equipment industry. For instance, in October 2019, Evertz Microsystems, Ltd. in amalgamated with CBS for "Dabl” the network’s new digital lifestyle channel hosted in the public cloud using the company's advanced Mediator-X and Overture Playout solutions.
Global Broadcast Equipment Market – Segmentation
By Product
By Technology
By Application
Global Broadcast Equipment Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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