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Broadcast Equipment Market Trends

Report ID: GMI6846
Published Date: Oct 2023
Report Format: PDF

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Broadcast Equipment Market Trends

The broadcast equipment industry is characterized by several prominent trends including podcasting and streaming services that have surged in popularity owing to their accessibility and convenience. This trend drives the demand for broadcast equipment as content creators seek high-quality production tools. Audio podcasting requires advanced microphones and sound equipment, while streaming services that offer live & on-demand video content, necessitate cameras, encoders, and streaming infrastructure. As audience increasingly consumes content through these mediums, broadcasters invest in equipment to meet the growing demand.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for broadcast equipment was USD 5.4 billion in 2022 and is estimated to register over 6.5% CAGR from 2023 to 2032 due to the proliferation of direct-to-consumer (D2C) offerings through OTT services

The digital technology segment garnered over 70% share of the broadcast equipment market in 2022 driven by higher assistance to enable broadcasters to transmit, store, and manipulate audio & video data with unprecedented ease

Asia Pacific held over 34% share of the broadcast equipment industry in 2022 driven by the surging demand for high-quality content, rapid digitalization, and the emergence of new media platforms

ACORDE Technologies Inc., AvL Technologies Inc., Cisco Systems Inc., Clyde Broadcast, CommScope, Eletec Broadcast Telecom S.A.R.L., and ETL Systems Ltd. are a few of the prominent broadcast equipment firms