Overview and Scope
Broadcast communication equipment refers to hardware used in a communication network that uses broadcasting for inter-node communication. Products made by these establishments include transmitting and receiving antennas, cable television equipment, GPS equipment, cellular phones, and more.
Sizing and Forecast
The broadcast communications equipment market size has grown strongly in recent years. It will grow from $577.28 billion in 2023 to $619.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to emergence of cable and satellite tv, internet penetration and streaming, high-definition (hd), mobile broadcasting and convergence, regulatory changes and deregulation.
The broadcast communications equipment market size is expected to see strongly grown in the next few years. It will grow to $867.81 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to virtual and augmented reality broadcasting, artificial intelligence in content creation and delivery, next-gen broadcasting standards, rise of esports and niche content, shift to cloud-based infrastructure, broadcasting adoption. Major trends in the forecast period include 5g technology integration, analog to digital transition, cross-platform integration, monetization strategies and ad tech innovations, collaborations and partnerships.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the broadcast communications equipment market in 2023.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.
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Major Driver Impacting Market Growth
Increase in disposable income is driving the broadcast communication equipment market. The disposable income is the total amount of household income available to spend and save after paying income tax. The increase in disposable income increases the probability of consumers spending on entertainment and mobile communications, which leads to an increase in the sales of mobile communications such as cell phones. Cellular telephone is a broadcast communication equipment device, and the market has largely benefited from increased sales of cellular telephones. Cellular telephones have now become a necessity in every household owing to advantages such as connectivity, productivity applications, entertainment and education and with increasing disposable income, individuals are increasingly buying smartphones, boosting the broadcast communication equipment market. For instance, in 2023, according to an article published by the Office of National Statistics, UK-based executive office of the Statistics Authority published an article that stated the median household disposable income increased by an average 0.7% per year between the year 2020 and 2022. Therefore, an increase in disposable income is driving the growth of broadcast communication equipment market.
Key Industry Players
Major companies operating in the broadcast communications equipment market report are 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., Smart Caregiver Corporation, 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
The broadcast communications equipment market report table of contents includes:
1. Executive Summary
2. Broadcast Communications Equipment Market Characteristics
3. Broadcast Communications Equipment Market Trends And Strategies
4. Broadcast Communications Equipment Market – Macro Economic Scenario
5. Global Broadcast Communications Equipment Market Size and Growt
…
31. Global Broadcast Communications Equipment Market Competitive Benchmarking
32. Global Broadcast Communications Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Broadcast Communications Equipment Market
34.Broadcast Communications Equipment Market Future Outlook and Potential Analysis
35. Appendix
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