Published on : Apr 14, 2016
ALBANY, New York, April 14, 2016: This report looks into trends in the global broadcast equipment market from a technological and analytical perspective. Evaluating market drivers, challenges, and growth trends, the report states that the global broadcast equipment market will rise at a CAGR close to 7% from 2016 to 2021. These vital parameters have been evaluated for North America, Europe, Asia Pacific, and Rest of the World and the changing competitive hierarchy in the global as well as the regional markets for broadcast equipment is presented in this report.
For the preparation of the report, analysts reached out to industry-centric bodies and proprietary databases of companies for data collection. Using historical and current data, trend projections and market size analytics are presented herein.
Broadcast equipment refers to digital production systems used for the distribution of audio and/or video content using mass communication media to an audience that is scattered across a large geographical area. Broadcasting is carried out using radio waves deploying a one-to-many model for content distribution.
According to the report, the global market for broadcast equipment has been expanding at a moderate rate over the past few years due to several reasons. This is mainly due to the transition from analog to digital broadcasting, along with the surging popularity of high-definition (HD) programming. The rising eminence of broadcast automation and consistent increase in the number of digital channels have also had a profound impact on this market’s growth.
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In the 2015-2020 period, the broadcast equipment market will display moderate growth, says the report. This is due to the need for content to be available at multiple screens and increasing demand for the broadcast of various musical concerts, sporting events, and award ceremonies in HD format. In particular, for sports leagues, the demand for public viewing of events has necessitated rental companies to increase the number of broadcast equipment kits.
One of the key findings of the report is the market size and forecast analysis of the broadcast equipment market for rental purposes. This segment has been contributing substantially to the revenue of the overall market. The increasing number of sports competitions being organized across the globe has profoundly benefitted the rental market for broadcast equipment. Other than this, the increasing need for the addition of hi-tech cameras for decision review systems to be free of any anomaly requires the installation of high-quality broadcast equipment for ensuring the accuracy of decisions.
Finally, the report mentions and profiles some of the top companies in the global broadcast equipment market, such as Harmonic, Sony Corporation, Imagine Communications, and Belden Inc., among others.
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