Broadcast Equipment Market – With Best Scope, Trends, Benefits and Opportunities to 2031
The broadcast equipment market is expected to index a valuation of $3,518.4 million from a value of $2,107.2 recorded in 2021. During this forecast period, the global broadcast equipment market is expected to index a CAGR of 5.3%. Broadcasting is the widespread distribution of mass media or files in different regions to large audiences. This dissemination is done by electronic means of mass communication. This widespread mass communication is usually done by radio, television or the Internet. The factor that tends to boost the growth of the global market Broadcast Equipment Market includes direct-to-consumer delivery through OTT services and the growing demand for high-quality media streaming and entertainment over the Internet. Broadcast companies use various data servers for data storage and to store files like audio, video in compressed form and are extracted at the receiver end. However, the growing demand for smartphones and broadband is somewhat limiting the growth of television and broadcasting.
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Based on demand, the market is segmented into radio, television, direct broadcast satellite (DBS), cable television and IPTV. On the basis of product, the market is segmented into satellite dish, amplifier, switchers, video servers, encoders, transmitters and repeaters, and modulators. On the basis of technology, the market is segmented into analog broadcast and digital broadcast.
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Major players in the broadcast equipment market include Cisco Systems Inc (USA), Ericsson AB (Sweden), Evertz Microsystems, Ltd (Canada), Grass Valley (Canada), EVS Broadcast Equipment SA (Belgium), Harmonic Inc (USA), Clyde Broadcast (UK), Sencore (USA), Acorde Technologies, SA (Spain), AvL Technologies (USA), ETL Systems Ltd (UK), Global Invacom Ltd ( Singapore) among others.
Major players constantly keep innovating and investing in research and development for a profitable product portfolio. The global broadcast equipment market also includes innovators implementing and developing new technologies for broadcasting.
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