Asia Pacific Broadcasting Equipment Market
As of 2022, the Asia Pacific broadcasting equipment market is valued at US$ 1,323.5 million and is expected to generate sales of US$ 3,472.1 million by the end of 2033. As of 2023, the market is projected to be worth US$ 1,416.2 million. This enormous increase is due to the market for broadcasting equipment in the Asia Pacific region being expected to grow at a CAGR of 8.1% over the next ten years.
Broadcasting gear is used by a broadcaster and a media outlet to transmit video and audio across electronic mass communication channels to big audiences. Radio and television are frequently thought of while discussing broadcasting equipment. The traditional TV broadcast section includes several different types of accessories, including cameras, monitors, routers, switches, cables, transmitters, and receivers.
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|Asia Pacific Broadcasting Equipment Market Size (2022)||US$ 1,323.5 Mn|
|Projected Market Value (2033)||US$ 3,472.1 Mn|
|Asia Pacific Market Growth Rate (2023-2033)||8.1%|
|Traditional TV Broadcast Market Share (2022)||28.7%|
|China Market Share (2022)||28.3%|
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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Companies in the market are also concentrating their efforts on product development and strategic alliances with a variety of other vendors in order to diversify their product portfolio and meet the needs of an increasing customer base. The creation of new services and partnerships is critical in this environment.
- In January 2023, The Indian government approved the Central Sector Broadcasting Infrastructure and Network Development (BIND) Scheme, which will cost over two billion rupees by 2025-26.
- In December 2022, IPD-VIA Create, developed by EVS in partnering with Blackbird, is fully integrated into the EVS ecosystem and offers instant access to content via a browser-based interface.
- Media Excel Inc.
- ChyronHego Corporation
- TVU Networks Corporation
- XOR Media Inc.
- For-A Company Limited
- Oracle Corporation
- Unlimi-Tech Software Inc.
- Grass Valley Canada
- Tedial S.L.
- General Dynamics Mediaware
- BroadStream Solution Inc.
- Pebble Beach Systems Lim
Key Segments of Asia Pacific Broadcasting Equipment Market Research
By Equipment Type:
- Traditional TV Broadcast
- Traditional Radio Broadcast
- IP Converged Broadcasting
- Asset Management System
- Australia & New Zealand
- Rest of Asia Pacific
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About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
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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