The global Asia Pacific Broadcasting Equipment Market is on the verge of witnessing a drastic In Upcoming Years. The digital renaissance is dictating the terms for the industry. AI-powered data core is being used for delivering insights. Also, the virtual workforce is being developed with a transfer of digital skills, that too, from a plethora of innovative ecosystems and industries. Conversational AI is being deployed for helping the end-users with timely feedback. This trend is bound to take the overall industry at a greater stride in the upcoming period.
The Asia Pacific broadcasting equipment market is currently valued at US$ 1.4 Bn in 2021, and is expected to be valued at US$ 3.7 Bn by 2031, progressing at a positive CAGR of 8.2% over the decade. Growth of broadcasting equipment market in APAC region is primarily driven by convergence of high definition technologies such as 4K with IP.
Media Excel Inc.
TVU Networks Corporation
XOR Media Inc.
For-A Company Limited
Unlimi-Tech Software Inc.
Grass Valley Canada
General Dynamics Mediaware
BroadStream Solution Inc.
Pebble Beach Systems Limited
Nevion Europe AS
Bridge Technologies Co AS
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. Open PR