Press release
Asia Pacific Broadcasting Equipment Market Expanding at a Remarkable CAGR of 8.2% by 2031
Asia Pacific Broadcasting Equipment Market
According to current estimates, the Asia Pacific market for broadcasting equipment will be valued US$ 1.4 billion in 2021 and US$ 3.7 billion in 2031, increasing at a high CAGR of 8.2%. The convergence of high definition technologies, such as 4K with IP, is the primary factor driving the growth of the broadcasting equipment market in the APAC region.
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As per the report, 4K services are expected to be available on IP networks over the next four to five years via satellite launching and cable platforms.
The report has segmented the APAC broadcasting equipment market into traditional TV broadcast, traditional radio broadcast, IP converged broadcasting and asset management systems.
Traditional TV broadcast segment is anticipated to register a positive CAGR during the forecast period (2021-2031). The traditional radio broadcast segment is anticipated to register a healthy CAGR during the forecast period.
The IP converged broadcasting is projected to be the fastest growing segment in APAC broadcasting equipment market, exhibiting a stellar CAGR during the forecast period.
Traditional TV broadcast segment accounted for nearly 2/5 share in terms of value of the total APAC broadcasting equipment market in 2021. Consumption of high definition content in APAC region is increasing at a rapid pace, supported by rising sales of HD ready TVs.
The traditional TV broadcast equipment market is further segmented into camera, monitors, routers, switchers, cable, transmitter, receiver and other accessories. Routers sub-segment is projected to expand at the highest CAGR during the forecast period. Content creators across the region are shifting towards 4K cameras in order to capture high definition video.
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This is being supported by sales of 4K UHD television that has gained momentum due to rising disposable income in the region.
Key players of the APAC Broadcasting Equipment market include Media Excel Inc. (US), ChyronHego Corporation (US), TVU Networks Corporation (US), XOR Media Inc. (US), FOR-A Company (Japan), ORACLE Corporation (US), Unlimi-Tech Software Inc. (US), Grass Valley (Canada), and General Dynamics Mediaware (Australia).
This report covers trends that are driving each segment and offers analysis and insights regarding the potential of the broadcasting equipment market in APAC regions.
APAC region includes the following countries:
China
Japan
India
ASEAN
ANZ
Rest of APAC
Market Segmentation
By Equipment Type
Traditional TV Broadcast
Traditional Radio Broadcast
IP Converged Broadcasting
Asset Management System
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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