Broadcast Switchers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 06/02/2015 -- The global broadcast switchers market is exhibiting robust growth owing to various factors such as transition of switchers from analog to digital broadcasting and the rising focus on production automation. Increasing adaptation of broadcasts to HD format and the growing number of digital channels across the globe are also stimulating development of this market.
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Contrarily, the massive investment needed for the development of broadcasting equipment and the dearth of regularity in content distribution are restricting the global broadcast switchers market to a great extent. However, upcoming digitization to the 3D and Ultra HD technology, coupled with large untapped markets, is expected to provide potential opportunities for the market players.
Production Switchers and Compressed IP Switchers to Lead Global Market
According to the types of broadcast switchers, the routing switcher segment held 47.5% of the overall market in 2013, thus occupying the leading position. However, the production switcher segment is likely to surpass the routing switchers segment in the near future. Based on the type of ports, the market for coaxial ports dominated the global market, holding 78% of the overall industry in 2013. However, the compressed IP switchers market is projected to register the highest growth in the coming years.On the basis of types of video resolution, the 1080p (HD) market held around 75% of the overall broadcast switchers market in 2013 and is expected to maintain its dominance in the near future.By application, the studio production market led the global broadcast switchers market, holding around 25% of the overall market. It is also projected to continue to dominate the global market.
Broadcast Switchers Market in Asia Pacific to Register Robust Growth
North America dominated the global broadcast switchers market in 2013, taking up over 40.5% of the overall market, owing to the rise in demand from sports broadcasting, studio production, and the automotive industry. In addition to this, rise in the number of HD channels and increased focus on production automation in the U.S. are other important factors propelling the market for broadcast switchers in North America.
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The broadcast switchers markets in Asia Pacific and the Rest of the World are likely to witness robust growth on account of the transformation of broadcast switchers from analog to digital broadcasting, fueling the demand for new digital-equipped broadcast switchers. Regulations enforced by governments in the region pertaining to the transition of the switchers from analog to digital broadcasting is also a prominent reason behind the growth of broadcast switchers market in this region.
The global broadcast switchers market is highly competitive. Major manufacturers are competing by developing innovative and highly sophisticated products to attain an edge over peers. Ikegami Electronics U.S.A. Inc., FOR-A Company Ltd., Panasonic Corp., NewTek Inc., Broadcast Pix Inc., Grass Valley USA, LLC, Blackmagic Design Pty. Ltd., Ross Video Ltd., Utah Scientific, Inc., Snell Ltd., Sony Electronics, Inc., and Evertz Microsystems Ltd. are some of the dominant players in the market for broadcast switchers across the globe.
Overall, the global broadcast switchers market is expected to develop at a CAGR of 6.7% over the period from 2014 to 2020 to attain an estimated value of US$2.03 billion by 2020. In 2013, the market had reached a value of US$1.28 billion.
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