What are the Historical Developments and Current Growth Metrics of the Broadcast Communications Equipment Market?
The broadcast communications equipment market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant surge in the size of the broadcast communications equipment market. It is projected to expand from $578.89 billion in 2024 to $626.33 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.2%.
Factors contributing to the growth during the historical period include the rise of cable and satellite TV, increased internet penetration and streaming services, enhancements like high-definition (HD), mobile broadcasting and convergence, as well as regulatory changes and deregulation.
What Does Future Hold for The Broadcast Communications Equipment Market By 2029?
The broadcast communications equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for broadcast communications equipment is projected to experience solid expansion in the coming years. By 2029, it's expected to reach a valuation of $844.98 billion, with a compound annual growth rate (CAGR) of 7.8%.
The anticipated growth during the forecast period is due to factors such as the use of virtual and augmented reality in broadcasting, the role of artificial intelligence in content creation and distribution, next-generation broadcasting standards, the emergence of esports and niche content, the transition to cloud-based infrastructure, and the adoption of broadcasting. During this forecast period, key trends are anticipated including the integration of 5g technology, the transition from analog to digital, cross-platform integration, monetization tactics and advancements in ad technology, and various collaborations and partnerships.
What Are The Primary Growth Drivers In The Broadcast Communications Equipment Market?
The growth of the broadcast communication equipment market is being fueled by a rise in disposable income. Disposable income, the net amount of household income that remains for saving and expenditure after income tax has been accounted for, has seen an upward trend. This surge in disposable income heightens the likelihood of consumers spending more on entertainment and mobile communication, thereby escalating the sales of mobile communication devices such as cellphones. The market for broadcast communication equipment, which includes devices like cellphones, has significantly profited from this boost in cellphone sales. Cellphones have become an essential household need due to their multifunctional abilities such as connectivity, productivity applications, entertainment, and educational features. The growing disposable income has led to a rise in smartphone purchases, thereby positively impacting the broadcast communication equipment market. It was reported by the Office of National Statistics, a UK-based executive office of the Statistics Authority, in 2023 that the average household's median disposable income saw an increase of 0.7% annually between 2020 and 2022. This growth in disposable income has thus been a key driver of expansion in the broadcast communication equipment market.
What Is The Segmentation Of The Global 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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How Are New Trends Impacting The Size Of The Broadcast Communications Equipment Market?
The rise of internet TV and wireless technologies signifies an evolving trend in the market for broadcasting communication equipment. Developed markets are witnessing an increasing preference for internet TV among their customer base. Essentially, internet TV refers to content disseminated via the internet. Wireless service providers are now venturing into online video streaming and internet TV, positioning themselves as competitors to conventional pay-TV providers. This approach is designed to increase their customer base and revenue streams. To illustrate, LG Corporation, an electronics manufacturer and distributor based in South Korea, launched the 97-inch LG SIGNATURE OLED M television in January 2023. This new product boasts of Zero Connect1 technology, a wireless system capable of real-time audio and video transmission at highs of 4K 120Hz. Leveraging LG's wireless solution, customers can indulge in 4K 120Hz content with impeccably clear sound, free from any interruptions or degradation of quality, courtesy of innovative technologies that ensure reliable transmission of video and audio to the M3's self-lit OLED screen. The television's algorithm further enhances the experience by minimizing transmission errors or disruptions, as it is capable of detecting changes in the surrounding environment.
Who Are the Key Players In The Broadcast Communications Equipment Market?
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 Regional Insights Into The Broadcast Communications Equipment Market?
Asia-Pacific was the largest region in the broadcast communications equipment market in 2024. The regions covered in the broadcast communications equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
