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Broadcast Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024


Sarasota, FL -- (SBWIRE) -- 06/14/2018 -- Broadcast Equipment Market: Overview

The broadcast is nothing but disseminating information or message to the audience in the audio or video format. Equipment used for the process of broadcasting is known as broadcasting equipment. A television set, Radio, Close Circuit Television, Ham Radio or amateur radio, Amateur TV are the equipment used for broadcasting. Public radio and television, commercial TV, community radio are also used for broadcasting. These equipment serve as a source for mass communication which is controlled and coordinated by the government as well as the private sector.

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Broadcast Equipment Market: Growth Factors

Growing number of digital channels and worldwide acceptance of HD, the evolution from analog to digital broadcasting, increased focus on production automation are the key aspects driving the growth of the broadcast equipment market. Need to distribute information at various public places in less time and to create awareness amongst them regarding the various issues is also projecting the growth of the market. Heavy investment in the broadband sector is also propelling the growth of the market. Moreover, a large number of broadcasters offering direct-to-consumer (D2C) proposal through service is also driving the market. The high cost of the broadcasting equipment, lack of consistency in distributing the content are the factors restraining the growth of the broadcast equipment market. Growing population, rapid advancements in the technology, industrialization pose opportunities for the broadcast market to grow.

Broadcast Equipment Market: Segmentation

The broadcast equipment market is classified on the basis of technology, application, and type. Based on technology, the market is segmented into analog broadcasting and digital broadcasting. The broadcasting segment is expected to grow at a high rate in the upcoming period. The application segment includes radio and television. The product segment of broadcast equipment market includes video servers, amplifiers, dish antennas, encoders, switches, transmitters and repeaters, modulators and others. The video servers segment holds the largest share value.

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Broadcast Equipment Market: Regional Analysis

North America holds the largest share value of the broadcast equipment market. Cultural diversity, penetration of internet throughout the region, growth in cable and satellite television are the factors paving the way for North America to top the position. Europe is also the key market for the broadcast equipment. Asia-Pacific (APAC) region is experiencing slow growth in the broadcast market. However, increasing population, and demand for entertainment and high-quality videos are the factors which may boost the demand for the broadcast equipment in the near future.

Broadcast Equipment Market: Competitive Players

Some of the important competitive players in the broadcast equipment market are Broadcast RF Ltd, Anacom Inc, Acorde Technologies, Ericsson AB, Harmonic Inc, Silicon Laboratories Inc, Snell Advanced Media, EVS Broadcast Equipment, ETL Systems Ltd, Tectronics among others.

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