Broadcast Switchers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 07/07/2015 -- Transparency Market Research has recently published a report on the global broadcast switchers market. The report, titled "Broadcast Switchers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", predicts the growth of the global broadcast switchers market at a CAGR of 6.7% during the period between 2014 and 2020. The broadcast switchers market stood at US$1.28 billion in 2013. The growing focus on product automation is expected to propel the overall market and increase its valuation to US$2.03 billion by the end of 2020.Transition from analog to digital broadcasting has been one of the key drivers for the growth of the global broadcast switchers market. The report points out that the increasing adoption of HD format across the globe and focus on product automation is expected to push the market's growth during the forecast period. However, the huge capital investment in broadcasting equipment required to establish a firm presence in the market is expected to deter many players from entering the market.
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Lack of standardization in content distribution will negatively impact the overall market. The report points out that the broadcast switchers market is largely untapped and further digitalization to 3D and 4K (Ultra HD) technology will open new opportunities for the market in the coming years. Routing switchers, production switchers, and master control switchers are the major types of broadcast switchers available in the market. In 2013, routing switchers dominated the market with a 47.5% share. The report estimates that the production switcher segment will exhibit rapid growth during the forecast period. In terms of number of ports, coaxial ports accounted for a 78% share in the global broadcast switchers market in 2013. The report forecasts that the compressed IP switchers segment will display the fastest growth during the period from 2014 to 2020.
Among the types of video resolution, HD emerged as the largest segment in 2013 with a 75% share in the market. Increased adoption of HD is expected to negatively affect the SD segment in the coming years. On the basis of application, the global broadcast switchers market has been segmented into news production, post-production, sports broadcasting, studio production, production trucks, and others including educational institutes, places of worship, playouts, corporate conferences, and live events. In 2013, around 25% of the overall market was held by studio production. The report forecasts that in the next couple of years, studio production is expected to continue its dominance in the market due to increasing awareness in Asia Pacific and Rest of the World. Sports broadcasting is expected to be the fastest growing application segment of the broadcast switchers market during the forecast horizon.
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The report studies the broadcast switchers market in four key regions: Europe, Asia Pacific, North America, and Rest of the World. North America was the largest regional market for broadcast switchers in 2013, with a 40.5% share. This can be attributed to the increased adoption of low-end routing switchers. The report profiles some of the key players in the global broadcast switchers market such as Sony Electronics, Panasonic Corporation, and Ross Video Limited.
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