Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Broadcast Equipment Market size is expected to reach $6 billion by 2027, rising at a market growth of 4.8% CAGR during the forecast period.
The Analog segment is leading the Global Broadcast Equipment Market by Technology in 2020, and would achieve a market value of $2.8 billion by 2027. Analog transmissions were first used to broadcast both audio & video on early stations. Analog communications consumed a lot of bandwidth, or channel space. To accommodate the load at first, radio relay towers were utilized. With the analog broadcasting over television and radio, the demand for these devices would increase in the coming years.
The Amplifiers segment is showcasing a CAGR of 5.2% during (2021 - 2027). It's a two-port electrical circuit that uses power from a power source to boost the amplitude of a signal applied to its input terminals, resulting in a signal with a correspondingly higher amplitude at the output. The gain of an amplifier is defined as the ratio of output voltage, current, or power to input voltage, current, or power. A circuit with a power gain larger than one is known as an amplifier.
The Television segment acquired the maximum revenue share in the Global Broadcast Equipment Market by Application in 2020; thereby, achieving a market value of $4.2 billion by 2027. The increased need for television broadcasting is due to rising demand for IPTV & digital terrestrial broadcasting services, as well as current terrestrial broadcasting and expanding satellite broadcasting.
The North America market dominated the Global Broadcast Equipment Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.1 billion by 2027. The Europe market is estimated to witness a CAGR of 4.6% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 4.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of CommScope Holding Company, Inc., Evertz Technologies Limited, Harmonic Inc., EVS Broadcast Equipment SA, Grass Valley, Wellav Technologies Ltd., Eletec S.a.r.l., Clyde Broadcast Technology Ltd., Telefonaktiebolaget LM Ericsson, and Cisco Systems, Inc.
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