Broadcasting Equipment Market:
Synopsis of Growth Drivers with Market Forecast 2021-2025
The Global Broadcasting Equipment Market is projected to grow by $ 3.51 billion, accelerating at a CAGR of over 9% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Broadcasting Equipment Market: Key Market Drivers
A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is Transition from analog to digital broadcasting. For more insights on the impact of this and all the other drivers, Request our Free Sample Report
Broadcasting Equipment Market: Growth Segments
This report provides a detailed analysis of the market by Application (TV and Radio) and Geography (North America, APAC, Europe, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation.
Broadcasting Equipment Market: Vendor Analysis
The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market. AvL Technologies, Belden Inc., Cisco Systems Inc., Clyde Broadcast, CommScope Holding Co. Inc., Evertz Technologies Ltd., EVS Broadcast Equipment SA, Harmonic Inc., Sencore, and Telefonaktiebolaget LM Ericsson are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.
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Broadcasting Equipment Market: Key Geographies that will Drive Growth
Regional Growth Analysis and Market Trends 2021-2025
The broadcasting equipment market is set to grow by $ 3.51 bn, accelerating at a CAGR of almost 9.29% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.
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Broadcasting Equipment Market: Industry Forecast and key highlights
Technavio has been monitoring the global broadcasting equipment market and it is expected to grow by USD 2.84 billion accelerating at a CAGR of about 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Broadcasting Equipment Market: Segmentation by Application
During 2019, the TV segment accounted for the major share of the Broadcasting Equipment Market driven by innovations in TV control techniques such as the development of ubiquitous screens, which are expected to increase the demand for greater content mobility. For example, Betamax TV sets enable viewers to record TV shows and watch prerecorded movies. The broadcasting equipment market growth in the TV segment will be faster than the growth of the market in the radio segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the broadcasting equipment market size.
Broadcasting Equipment Market: Segmentation by Geography
North America was the largest Broadcasting Equipment Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing number of cable and satellite television channels, the huge presence of broadcasting companies and satellite manufacturers, and the wide media and entertainment industry will significantly drive broadcasting equipment market growth in this region over the forecast period. 39% of the market’s growth will originate from North America with the US being a key market for broadcasting equipment in North America. Market growth in this region will be slower than the growth of the market in APAC.
Broadcasting Equipment Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AvL Technologies Inc., Belden Inc. and Cisco Systems Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
