Albany, NY -- (SBWire) -- 01/24/2018 --Broadcast Switchers Remain at the Forefront of Creating Seamless Broadcasting Mediums
As the world transitions from analog content to digital broadcasting, it is in dire need of broadcast switchers. This trend has created a remarkable demand for broadcast switchers in the developing countries of India, Japan, Africa, Ukraine, and Russia amongst others as they are working towards changing their content and conforming to ITU guidelines.
The prominent market players in the competitive market landscape of the global broadcast switchers market are now concentrating on developing 4K resolution broadcast switchers based on IP. The key players in the market are USA, LLC, Grass Valley, Ross Video, Snell Ltd., and Panasonic Corporation. These players collectively held 46% of overall market share in 2015.
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A remarkable trend among several key players is their effort towards providing services with respect to the arising demand in developing countries. Leading companies adapting this business dynamics and strategies are Sony Electronics Inc., Evertz Microsystems Ltd., and Panasonic Corporation among others. A future outlook of the global broadcast switchers market shows that the companies need to closely monitor the expanding demand from the developing nations where the rising popularity of the using multiscreen platform will propel the sales of 4K, HD, and IP based broadcast switchers.
The complicated issues of broadcasting ultra-high definition (UHD) and high-definition (HD) is the foremost reason why users and service providers are adopting broadcast switchers. The growth this market is also being supplemented by the stiffening competition between production houses that has translated into a need for improved production automation technologies for broadcasting content on television. The broadcast switchers market is also being augmented by the rise in the number of sports events being streamed live that require excellent automation for transmitting seamless visuals. In the coming years, the insurmountable penetration high-definition televisions sets will also propel the use of these switchers.
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Sports Broadcasting to Surpass all Application Segments
The historical analysis of the market indicates that the studio production segment was the largest application segment in the overall market. As of 2015, this application segment held a share of 24.9%. The unique ability of studio production segment with adapt to HD and SD content has made it a popular choice amongst business owners. In the forecast period, the new production segment and sports broadcasting are also likely to make their presence felt in the global market as viewers demand live broadcasts of important events.
Asia Pacific Shows Promise of Remarkable Growth
As of 2014, North America held the largest share in the global market mainly being driven by upgradation of outdated switchers. During the forecast period, North America will continue its dominance in the overall market due to an influx of HD channels. Furthermore, remarkable growth in studio production and sports broadcasting is also anticipated to play a crucial role in the rise of this geographical segment. However, analysts predict that Asia Pacific will surpass the revenue share of North America in the foreseeable future as the region is on the verge of a serious transition from analog to digital broadcasting.
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The top players operating in the global broadcast switchers market are For-A, Ross Video, Ltd, Grass Valley USA LLC, Evertz Corporation, Sony Electronics Inc., Snell Ltd., Panasonic Corporation, New Tek Inc., Blackmagic Design, and others. According to research analysts, several companies in the market are looking at developing IP-based 4K resolution broadcast switchers to tap the unmet demand for high-quality content in the market. In addition to this, these players will also strive to cater to the varied and unique demands of developing countries to win bigger shares in the overall market dynamics.
Broadcast Switchers Market, by Type
Production switchers
Production Switchers Market Analysis, By Product Type
High-End Production Switchers
Mid-End Production Switchers
Low-End Production Switchers
Production Switchers Market Analysis, By Number of Ports
Less than 16 Ports
Between 16 to 40 Ports
More than 40 Ports
Master control switchers
Master Control Switchers Market Analysis, By Product Type
High-End Master Control Switchers
Mid-End Master Control Switchers
Low-End Master Control Switchers
Master Control Switchers Market Analysis, By Number of Ports
Less than 16 Ports
Between 16 to 40 Ports
More than 40 Ports
Routing switchers
Routing Switchers Market Analysis, By Product Type
High-End Routing Switchers
Mid-End Routing Switchers
Low-End Routing Switchers
Routing Switchers Market Analysis, By Number of Ports
Less than 50 Ports
Between 50 to 250 Ports
More than 250 Ports
Broadcast Switchers Market, by Application
Studio production
Production trucks
News production
Sports broadcasting
Post-production
Others
Broadcast Switchers Market, by Type of Ports
Uncompressed IP
Coaxial
Compressed IP
Others
Broadcast Switchers Market, by Video Resolution
4K
1080i
1080p
SD
Broadcast Switchers Market, by Geography
North America
Europe
Asia-Pacific
Rest of the World
Broadcast Switchers Market Will Be Worth US$2.47 Bn by 2024 : 4K, HD, and IP Based Broadcast Switchers
According to a research report published by TMR, the opportunity in the global broadcast switchers market will be worth US$2.47 bn by 2024, rising from US$1.45 bn in 2015. The market is expected to expand at a strong CAGR of 6.1% between 2015 and 2024.