Press release
Global Broadcast Communications Equipment Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Broadcast Communications Equipment Market Size
How Big Is the Broadcast Communications Equipment Market Size Expected to Be by 2034?
The broadcast communications equipment market has seen strong growth in recent years. It will increase from $578.89 billion in 2024 to $626.33 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth include the rise of cable and satellite TV, internet penetration and streaming, high-definition (HD) broadcasting, mobile broadcasting, convergence, and regulatory changes.
The broadcast communications equipment market is set for strong growth, projected to reach $844.98 billion in 2029 with a CAGR of 7.8%. Growth will be propelled by VR/AR broadcasting, AI in media, new broadcasting standards, and increased esports content. Leading trends include 5G deployment, cloud-based broadcasting, analog-to-digital shift, ad tech innovations, and platform unification.
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What Are the Emerging Segments Within the Broadcast Communications Equipment Market?
The broadcast communications equipment market covered in this report is segmented -
1) By Product Type: Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communications Equipment, Other
2) By Technology: Analog Broadcasting, Digital Broadcasting
3) By Application: Military, Civilian
Subsegments:
1) By Transmitting Antennas: Directional Antennas, Omnidirectional Antennas, Sector Antennas
2) By GPS Equipment: GPS Receivers, GPS Signal Amplifiers, GPS Tracking Devices
3) By Transceivers: Analog Transceivers, Digital Transceivers, Software-Defined Radio (SDR) Transceivers
4) By Satellite Communications Equipment: Satellite Modems, Satellite Routers, Ground Stations
5) By Other: Signal Processors, Broadcast Monitors, RF Amplifiers
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What Long-Term Drivers Are Shaping Broadcast Communications Equipment Market Trends?
A rise in disposable income is boosting the broadcast communication equipment market. As household incomes increase, people are spending more on mobile communication and entertainment devices, especially cell phones. According to a 2023 report by the UK's Office of National Statistics, median disposable income grew by 0.7% annually between 2020 and 2022, encouraging purchases of communication equipment like smartphones.
Who Are the Top Competitors in Key Broadcast Communications Equipment Market Segments?
Major companies operating in the broadcast communications equipment market include Telefonaktiebolaget LM Ericsson, L3Harris Technologies Inc., Motorola Solutions Inc., Lockheed Martin Corporation, The Boeing Company, Raytheon Technologies Corporation (formerly Raytheon Company), L3 Technologies Inc., ITT Inc., Datapath Inc., AT&T Corporation, Datron World Communications Inc., CalAmp Corp., Sierra Wireless Inc., Orbcomm Inc., Queclink Wireless Solutions Co. Ltd., Laird PLC, TomTom International BV, Teltonika UAB, Atrack Technology Inc., Geotab Inc., Meitrack Group, Trackimo LLC, Shenzhen Coban Electronics Co. Ltd., Xirgo Technologies Inc., Maestro Wireless Solutions Ltd., Ruptela UAB, Cellco Partnership d/b/a Verizon Wireless, Spytech Inc., Sony Corporation, Panasonic Corporation, Cisco Systems Inc., Huawei Technologies Co. Ltd., Grass Valley USA LLC, Avid Technology Inc., Imagine Communications Corp., Evertz Technologies Limited, Comtech Telecommunications Corp., GatesAir Inc., Rohde & Schwarz GmbH & Co KG
What Are the Major Trends Shaping the Broadcast Communications Equipment Market?
The increasing adoption of internet television and wireless technologies is becoming a significant trend in the broadcast communication equipment market. Customers, especially in developed markets, are shifting toward internet TV as wireless service providers offer online video streaming services to compete with traditional pay-TV providers. For instance, in January 2023, LG Corporation launched the 97-inch LG SIGNATURE OLED M television, which uses Zero Connect technology to wirelessly transmit 4K 120Hz audio and video, offering high-quality content streaming without interruption or degradation.
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Which Regions Are Becoming Hubs for Broadcast Communications Equipment Market Innovation?
The countries covered in the broadcast communications equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Broadcast Communications Equipment Market?
2. What is the CAGR expected in the Broadcast Communications Equipment Market?
3. What Are the Key Innovations Transforming the Broadcast Communications Equipment Industry?
4. Which Region Is Leading the Broadcast Communications Equipment Market?
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