Demand for broadcasting equipment is expected to top US$ 6.2 Bn in 2021. As per Persistence Market Research analysis, the market will register impressive growth at 9.4% CAGR from 2021 to 2031.
With growing need for media files over the Internet, there has been a rise in the demand for high-speed connectivity. Increasing investments in high-speed broadband infrastructure is one of the major factors driving market growth. With growing smart city initiatives, there has been a rise in the demand for connected devices, thereby driving demand for broadcasting equipment.
Most commonly used broadcasting products include dish antennas, amplifiers, switches, video servers, encoders, transmitters & repeaters, and modulators, among others. Furthermore, increasing demand for over-the-top (OTT) services in developing countries is further anticipated to drive sales of broadcasting equipment.
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Broadcasting Equipment Market
Key Takeaways from Market Study
“Growing transition from analog to digital broadcasting happens to be one of the major factors responsible for driving market growth,” says a Persistence Market Research analyst.
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COVID-19 Pandemic Impact Analysis
The COVID-19 pandemic outbreak has disrupted many industries, including the broadcasting equipment market. The spread of COVID-19 has affected industries in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America. A lot of industry verticals have been affected during the pandemic.
However, there has been a positive impact on broadcasting equipment sales during this crisis. Increase in demand for the ultra–high–definition (UHD) content production and transmission from the urban as well as rural population is anticipated to drive market growth. However, factors such as higher cost of broadcasting equipment are anticipated to hamper market growth to some extent.
Find More Valuable Insights
Persistence Market Research puts forward an unbiased analysis of the global Broadcasting equipment market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in this space, the market is segmented on the basis of product (dish antennas, amplifiers, switches, video servers, encoders, transmitters & repeaters, modulators, and others), technology (analog broadcasting and digital broadcasting), and application (radio and television), across six major regions of the world.
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