July 24, 2024
Asia Pacific Broadcasting Equipment Market
Ict

Asia Pacific Broadcasting Equipment Market is Expected to be Flourished by Increased Focus on Digital Transformation in Broadcasting Industry

Broadcasting equipment refers to devices and systems used for transmitting radio and television content across various channels. These equipment play a vital role in capturing, processing, and transmitting audio and video signals. Key broadcasting equipment includes cameras, switches, video servers, encoders, transmitters, and antennas. The equipment enable broadcasting of high-quality content and help enhance video and audio output. With digital revolution and advancements in technologies, there is increasing focus on upgrading infrastructure to facilitate digital broadcasting. This has led to growing replacement demand for equipment supporting high definition signals.

The global Asia Pacific broadcasting equipment market is estimated to be valued at US$ 4040.14 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growth of the Asia Pacific broadcasting equipment market is driven by increased focus on digital transformation in broadcasting industry. Governments across various countries are formulating policies and regulations to promote digitization. For instance, India initiated its target of complete digitization of cable TV by 2023. Similarly, China has rapidly adopted digital terrestrial television. This has necessitated upgrading of existing infrastructure with advanced broadcasting equipment compatible with digital signals. Furthermore, growing popularity of streaming services is also propelling the need for more efficient transmission equipment with capabilities like IP-compatibility and cloud integration. However, high initial investment associated with digital transformation remains a challenge for full adoption. The increased focus on digital transformation presents immense opportunities for companies offering broadcasting equipment supporting digital technology transitions. This will likely contribute to the positive outlook of Asia Pacific broadcasting equipment market over the forecast period.

Segment Analysis:

The Asia Pacific broadcasting equipment market is dominated by the telecommunications infrastructure segment. This segment accounts for over 40% of the total market share owing to increasing investments by telecom operators and broadcasters in upgrading their network infrastructure for delivering an enhanced viewing experience. The SD/HD equipment sub-segment leads the telecommunications infrastructure segment.

PEST Analysis:

  • Political: Countries in the region are providing support through favorable policies and regulations to promote domestic manufacturing of broadcasting equipment. This is positively impacting the market growth.
  • Economic: The rapid economic growth along with rising disposable incomes in Asia Pacific countries is driving the demand for improved connectivity and access to high-quality entertainment content. This is propelling the need for advanced broadcasting solutions.
  • Social: Changing media consumption patterns and increasing popularity of OTT platforms are influencing consumers to adopt smart devices for accessing content on the go. This is expanding the scope of video delivery platforms and boosting the broadcasting equipment market.
  • Technological: advancements such as IP-based networks, 4K/8K resolution, AI/cloud technologies and remote production are changing the broadcast operations landscape. Equipment vendors are innovating their offerings to integrate new technologies and meet the evolving industry needs.

Key Takeaways:

The Global Asia Pacific Broadcasting Equipment Market Demand is estimated to be valued at US$ 4040.14 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030.

The Asia Pacific broadcasting equipment market is expected to witness high growth supported by initiatives for digitization of the broadcasting sector across the region. Countries like China, India and Japan are prominent markets contributing to the regional growth.

The telecommunications infrastructure segment dominates the Asia Pacific market with the SD/HD equipment sub-segment leading the segment. SD/HD equipment continue to remain widely used for content delivery to television sets and mobile screens.

Key players operating in the Asia Pacific Broadcasting Equipment Market are Media Excel Inc., Bridge Technologies Co AS, ChyronHego Corporation, Nevion Europe AS, TVU Networks Corporation, Enesys Technologies, XOR Media Inc., Pebble Beach Systems Limited, FOR-A Company Limited, BroadStream Solutions Inc., Oracle Corporation, General Dynamics Mediaware, Unlimi-Tech Software Inc., Tedial S.L., and Grass Valley Canada. Companies are focused on developing solutions integrated with new technologies to capitalize on opportunities arising from industry transformation.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it