The global broadcast equipment market size is expected to reach USD 7.06 billion by 2030 according to a new study by Polaris Market Research. The report “Broadcast Equipment Market Share, Size, Trends, Industry Analysis Report, By Technology (Analog Broadcasting, Digital Broadcasting); By Application (Radio, Television); By Product; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is undergoing a significant shift to employ high-definition content development for a more reliable and consistent user experience. There is an increase in investments in OTT infrastructure and the availability of high-quality content for multi-channel connections.
For instance, in August 2021, according to Balaji Telefilms, the pandemic has speeded up the country's digitalization process, which also bodes well for the entertainment business, particularly OTT, where it plans to "pursue and invest" in more creative programming at affordable subscription rates. Balaji Telefilms is present in the subscriber video-on-demand, is offered through ALTBalaji, and is becoming a significant OTT player distinguished by its substance and affordability.
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Also, the market will be supported by a large and consistent presence of high-speed and proficient broadband infrastructure from reliable and experienced sources during the forecast period. An essential rise in the expansion of digitization and the enhanced ability of people to splurge and get their hands on the accessibility of strong IT infrastructure are present huge growth driving factors to the global market across the forecast period.
Furthermore, SDR is a radio system in which software on an embedded device or desktop computer is used for interaction rather than implementing hardware such as filters, amplifiers, mixers, detection systems, demodulators, and modulators. The data from a source is converted into digital format in an SDR, and the residual activities are carried out using software-driven automated functions.
Military modernization programs in various countries and increasing digital service users drive global requirements for software-defined radios. However, the emergence of multiple subsystems is critical for the software-defined radios industry. Thus, these factors are boosting the market growth over the forecast period.
Market players include NEC Corporation, Shanghai Teng Guang Broadcasting Equipment Co., Ltd., AvL Technologies, Inc, Belden Inc., Broadcast Electronics (Elenos S.R.L.), Datum Systems, ETL Systems Ltd, GBS online, Global Invacom Group, Hangzhou Dibsys Technologies Co., Ltd., Acorde Technologies S.A, OMB Broadcast, Rohde & Schwarz India Pvt Ltd, TVC Communications, and Visual Technologies India Pvt Ltd. are key players operating in the global market. In February 2021, Grass Valley announced a multi-year enterprise valuation agreement with Gravity Media worth $5 million that can provide best-in-class production alternatives and innovative workflows throughout its international operations.
Polaris Market Research has segmented the broadcast equipment market report based on technology, product, application, and region:
Broadcast Equipment, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Broadcast Equipment, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Broadcast Equipment, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Broadcast Equipment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)