Global Broadcast Communications Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
23 Sep, 2021
The broadcast communication equipment market consists of sales of broadcast communication equipment and related services. Broadcast communication equipment establishments make radio and television broadcast and wireless communications hardware. Products made by these establishments include transmitting and receiving antennas, cable television equipment, GPS equipment, cellular phones, mobile communications hardware, radio and television studios, and broadcasting hardware.
Global Broadcast Communications Equipment Market Size And Drivers:
The global broadcast communications equipment market is expected to grow from $4.39 billion in 2020 to $4.54 billion in 2021 at a compound annual growth rate (CAGR) of 3.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.28 billion in 2025 at a CAGR of 4%. Increase in disposable income is driving the broadcast communication equipment market.
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Trends In The Global Broadcast Communications Equipment Market
Adoption of internet television is an emerging trend in the broadcast communication equipment market. Customers in developed markets are adopting and showing signs of preferring internet TV. Internet TV, in general, is content distributed over the internet. Wireless service providers are offering online video streaming services and internet TV to compete with traditional pay-TV providers. These services are being offered to increase their subscriber base and revenues. For example, in the U.S, approximately 147.5 million people have adopted internet television to watch Netflix at least once a month, followed by Amazon Prime Video (88.7 million), Hulu (55 million), HBO Now (17.1 million) and Dish’s Sling TV (6.8 million).
Global Broadcast Communications Equipment Market Segments:
The global broadcast communications equipment market is further segmented –
By Product Type: Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communications Equipment, Other
By Application: Military, Civilian
By Technology: Analog Broadcasting, Digital Broadcasting
By Geography: The global broadcast communications equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/broadcast-communications-equipment-global-market-reportBroadcast Communications Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides broadcast communications equipment market overviews, analyzes and forecasts market size and growth for the global broadcast communications equipment market, broadcast communications equipment market share, broadcast communications equipment market players, broadcast communications equipment market segments and geographies, broadcast communications equipment market’s leading competitors’ revenues, profiles and market shares. The broadcast communications equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.