Broadcast Equipment Market Size, Share, Analysis, Trends, Growth, 2032

Broadcast Equipment Market Insights

According to Zion Market Research, the global Broadcast Equipment Market was worth USD 5.39 Billion in 2023. The market is forecast to reach USD 9.73 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.78% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Broadcast Equipment industry over the next decade.

Request Free Sample

Broadcast Equipment Market: Overview

Broadcast equipment includes a set of automatic dedicated systems that help in transmitting audio visual contents over the television, IP networks, and radio. Apparently, the broadcasting is made through electronic mode of mass communications. Furthermore, broadcast device encompasses electronic parts like repeaters, transmitters, and encoders. Apparently, the broadcast equipment like closed-circuit TV, public radio, amateur television, commercial radio, and television act as the major tool for electronic mass communications.

Broadcast Equipment Market: Growth Factors

Shift from analog to digital broadcasting, high focus on automation, and acceptance of high definition videos will prompt the expansion of broadcast equipment industry over the estimated timeline. Additionally, increase in the number of online channels along with massive product penetration in sports broadcasting, news production, places of worship, and corporate conference will embellish the market trends. In addition to this, large-scale fund allocation for developing high-speed broadband infrastructure facilities will further spur the expansion of the industry over the forecast timespan. A paradigm shift in digitization, surge in spending on improving IT infrastructure, and high demand for over-the-top solutions across the emerging economies will drive the market size in the foreseeable future.

Furthermore, innovative ways of circulating contents like internet protocol television and mobile television will create lucrative avenues for the market over the forecast timeline. Rising preference for the people towards multi-screen solutions along with strict implementation of laws pertaining to digitization will exponentiate the growth rate of broadcast equipment industry over the period from 2024 to 2032. Nonetheless, inconsistency in content distribution methods and huge product costs are likely to restrain the expansion of the industry over the estimated timeframe.

Request Free Sample

Broadcast Equipment Market: Regional Insights

North American Market To Retain Leading Position During Forecast Timespan

The expansion of the market in the region over the forecast timespan is due to acceptance of upgraded systems and rise in the research activities taking place in the countries like the U.S. and Canada. In addition to this, humungous presence of broadcasting firms in Canada and the U.S. will proliferate the regional market expansion over the estimated timeline. Apparently, surge in the number of cable & satellite TV channel subscribers and penetration of internet in these countries is likely to further add towards the expansion of broadcast equipment industry over the ensuing years.

Broadcast Equipment Market: Report Scope

Broadcast Equipment Market: Competitive Space

Key players influencing the market growth are

• Eletec Broadcast Telecom S.A.R.L.
• EVS Broadcast Equipment
• Cisco Systems. Inc.
• AVL Technologies, Inc.
• Ericsson AB
• Evertz Microsystems, Ltd.
• Acorde Technologies S.A
• Arris International PLC.
• ETL Systems Ltd.
• Clyde Broadcast
• Global Invacom Group Limited
• Harmonic Inc.
• Grass Valley
• Sencore
• Broadcast RF.

The global broadcast equipment market is segmented as follows:

By Application:

• Television
• Radio

By Technology:

• Digital Broadcasting
• Analog Broadcasting

By Product:

• Amplifiers
• Dish Antennas
• Video Servers
• Switches
• Encoders
• Transmitters & Repeaters
• Modulators
• Others

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