ATSC 3.0 Devices Market Size Report, Industry Share, Analysis, Growth, 2030

ATSC 3.0 Devices Industry Prospective:

The global ATSC 3.0 devices market size was evaluated at $10.1 billion in 2022 and is slated to hit $12.1 billion by the end of 2030 with a CAGR of nearly 8.01% between 2023 and 2030.

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ATSC 3.0 Devices Market: Overview

ATSC 3.0 referred to as the advanced television systems committee is a main version of the ATSC protocols for television broadcasting. Reportedly, it includes nearly 20 standards encompassing various aspects of the system and has more than 1,000 pages of documentation. These protocols are planned for providing support to advanced  technologies such as HEVC for video channels having Dolby AC-4 & MPEG-H 3D Audio, 2160p 4K resolution, various color gamut, dynamic range, data casting abilities, and effective television support. Moreover, ATSC 3.0 helps in promotional activities and advertising to targeted audiences.

Key Insights

• As per the analysis shared by our research analyst, the global ATSC 3.0 devices market is projected to expand annually at the annual growth rate of around 8.01% over the forecast timespan (2023-2030)
• In terms of revenue, the global ATSC 3.0 devices market size was evaluated at nearly $10.1 billion in 2022 and is expected to reach $12.1 billion by 2030.
• The global ATSC 3.0 devices market is anticipated to grow rapidly over the forecast timeline owing to strict government legislation regulating broadcast services.
• In terms of vertical, the consumer electronics segment is slated to register the highest CAGR over the analysis period.
• Based on application, the residential segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific ATSC 3.0 devices industry is projected to register the fastest CAGR during the assessment timeline.

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ATSC 3.0 Devices Market: Growth Factors

Stringent government laws controlling the operations of broadcasting will culminate in humungous market growth globally

Strict government legislation regulating broadcast services will spur the global ATSC 3.0 devices market trends. Furthermore, the launching of 4G monitoring systems will steer the global market expansion in the coming years. Apart from this, humongous demand for optimal audio quality and high-resolution displays will proliferate the global market size. New product launches are likely to impact the expansion of the global market in the upcoming years. For instance, in the first half of 2022, Triveni Digital launched NEXTGEN TV solutions, which are also referred to as ATSC 3.0 solutions, at the ATSC annual members meeting & NextGen Broadcasting Conference held in Detroit, the U.S. Such moves will boost the global market earnings.

ATSC 3.0 Devices Market: Restraints

Rising product costs can impact the growth of the industry globally over forecasting timeline

Growing device costs can pose a huge threat to the expansion of the global ATSC 3.0 devices industry in the upcoming years. Rise in device complexities can impact the acceptance of product in the entertainment sector.

ATSC 3.0 Devices Market: Opportunities

Huge product demand in broadcasting activities will open new growth avenues for global market

Escalating demand for the product in broadcasting for improving the display of smart TVs along with the need for power conservation will provide new growth opportunities for the global ATSC 3.0 devices market.

ATSC 3.0 Devices Market: Challenges

Oscillation in raw material costs can put brakes on the global industry surge over 2023-2030

Fluctuation in the costs of raw components used for product manufacturing and supply chain disruptions can create a huge challenge for the global ATSC 3.0 devices industry.

ATSC 3.0 Devices Market: Segmentation

The global ATSC 3.0 devices market is sectored into vertical, application, and region.        

In terms of vertical, the global ATSC 3.0 devices market is segregated into consumer electronics, automotive, semiconductors, and media & entertainment segments. Furthermore, the consumer electronics segment, which gathered nearly one-fourth of the global market revenue share in 2022, is projected to register the highest CAGR in the next couple of years. The growth of the segment in the forecasting timeline can be owing to the growing purchase of new electronics products owing to the latter’s ability in offering high content display quality to end-users.

Based on the application, the global ATSC 3.0 devices industry is sectored into residential and commercial segments. Furthermore, the residential segment, which garnered a huge chunk of the global industry share in 2022, is forecast to dominate the global industry over the analysis timespan. The segmental expansion over the assessment timespan can be subject to massive content usage by households.

ATSC 3.0 Devices Market: Report Scope

ATSC 3.0 Devices Market: Regional Insights

North America is set to retain dominating position in the global ATSC 3.0 Devices market over 2023-2030

North America, which contributed about three-fourths of the global ATSC 3.0 devices market revenue in 2022, will be a leading region over the projected timeframe. Furthermore, the regional market growth can be subject to a rise in the presence of giant firms in countries such as the U.S. and Canada. Furthermore, massive demand for ASC 3.0 devices in countries such as the U.S. and Canada.

Asia-Pacific ATSC 3.0 devices industry is set to register the fastest CAGR in the forthcoming years owing to a rise in the production of ASC devices 3.0 with demand for seamless video broadcasting of high quality from customers in densely populated countries such as India, China, Bangladesh, Japan, Thailand, Indonesia. Moreover, countries such as China, Japan, and India are likely to be the major regional revenue growth drivers in the coming years.

ATSC 3.0 Devices Market: Competitive Space

The global ATSC 3.0 devices market profiles key players such as:

• Samsung
• Apple Inc.
• Nuvyyo Inc.
• LG Electronics Inc.
• Sony

The global ATSC 3.0 devices market is segmented as follows:

By Application

• Residential
• Commercial

By Vertical

• Consumer Electronics
• Automotive
• Semiconductors
• Media & Entertainment

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa