Broadcast Communications Equipment Global Market: Size, Share, Trends Analysis And Forecasts(2023 - 2032)

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Broadcast Communications Equipment Global Market Report 2023 identifies increase in disposable income as the major driver for the broadcast communications equipment market's growth in the forecast period. The disposable income is the total amount of household income available to spend and save after paying income tax. The increase in disposable income increases the probability of consumers spending on entertainment and mobile communications, which leads to an increase in the sales of mobile communications such as cell phones. Cellular telephone is a broadcast communication equipment device, and the market has largely benefited from increased sales of cellular telephones. Cellular telephones have now become a necessity in every household owing to advantages such as connectivity, productivity applications, entertainment and education and with increasing disposable income, individuals are increasingly buying smartphones, boosting the broadcast communication equipment market.

The global broadcast communications equipment market size will grow from $553.35 billion in 2022 to $604.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The broadcast communications equipment market size is expected to grow from $844.28 billion in 2027 at a CAGR of 8.7%.

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Major competitors in the broadcast communications equipment market are Ericsson AB, Harris Corporation, Motorola Solutions, Lockheed Martin Corporation, The Boeing Company.

A key trend in the broadcast communications equipment market includes adoption of internet television. Customers in developed markets are adopting and showing signs of preferring internet TV. Internet TV, in general, is content distributed over the internet. Wireless service providers are offering online video streaming services and internet TV to compete with traditional pay-TV providers. These services are being offered to increase their subscriber base and revenues. For example, in the U.S, approximately 147.5 million people have adopted internet television to watch Netflix at least once a month, followed by Amazon Prime Video (88.7 million), Hulu (55 million), HBO Now (17.1 million) and Dish's Sling TV (6.8 million).

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The broadcast communications equipment market is segmented -
1) By Product Type: Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communications Equipment, Other

2) By Application: Military, Civilian

3) By Technology: Analog Broadcasting, Digital Broadcasting

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the broadcast communications equipment market.

The Business Research Company's "Global Broadcast Communications Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Broadcast Communications Equipment Market Include:
1. Executive Summary
2. Broadcast Communication Equipment Market Characteristics
3. Broadcast Communication Equipment Market Trends And Strategies
4. Impact Of COVID-19 On Broadcast Communication Equipment
5. Broadcast Communication Equipment Market Size And Growth
…
26. Africa Broadcast Communication Equipment Market
27. Broadcast Communication Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Broadcast Communication Equipment Market
29. Broadcast Communication Equipment Market Future Outlook and Potential Analysis
30. Appendix

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