The Asia Pacific Broadcast Equipment Market would witness market growth of 4.8% CAGR during the forecast period (2021-2027).
Broadcasting services remain an appealing proposition as perhaps the most precise source of information for a large audience. Furthermore, the service is free provided you have the necessary receiving equipment. Broadcast signals travel further than cable, broadband, or cellular signals. The growth of digital broadcasting entails growing broadband bandwidth and available services, as well as improving image quality and coverage. The bulk of countries in the globe will have made the switch to digital television around 2020.
As a result, broadcasting technology must change to meet the needs of radio and television stations, as well as the preferences of consumers who want diverse information and entertainment available at all times and in all places. This necessitates the development of new protocols that will allow for more trustworthy, engaging, and tailored media. Diverse groups of experts are operating in different nations around the world to introduce strong digital broadcasting standards which will allow transmission to a wide range of smart & mobile devices.
The popularity of digital broadcasting equipment has expanded significantly in major nations in South Asia and the Pacific, like as India, Australia, and New Zealand, creating key potential growth possibilities for market players. In India, the usage of broadcasting equipment for radio and television applications has been steadily increasing. In addition, due to an increase in demand for digital content across various broadcasting channels, India is a prospective marketplace for digital broadcasting technology.
Demand for HD material, as well as increased use of this equipment in news production, sports broadcasting, conferences, and worship place, are also driving growth of the regional market. As a result of the rising use of tablets and smartphones, as well as advances in technology, more money is being spent on cost-effective and innovative broadcasting equipment, which is pushing broadcasting equipment sales all over the world.
The China market dominated the Asia Pacific Broadcast Equipment Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $472.2 million by 2027. The Japan market is anticipated to grow at a CAGR of 4.2% during (2021 - 2027). Additionally, The India market would display a CAGR of 5.5% during (2021 - 2027).
Based on Technology, the market is segmented into Analog and Digital. Based on Product Type, the market is segmented into Encoders, Antennas, Amplifiers, Transmitters/Repeaters, Switches, Video Servers, Modulators, and Others. Based on Application, the market is segmented into Television, and Radio. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Broadcast Equipment Market is Projected to reach USD 6 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Technology
By Product Type
By Application
By Country
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