What is the present valuation and projected CAGR of the broadcast communications equipment market?
The broadcast communications equipment market size has grown strongly in recent years. It will grow from $578.89 billion in 2024 to $626.33 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to the 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 strong growth in the next few years. It will grow to $844.98 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. 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, the rise of esports and niche content, the shift to cloud-based infrastructure, and 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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What key drivers have fueled the broadcast communications equipment market’s development over the years?
An 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. A 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, the UK-based executive office of the Statistics Authority published an article that stated the median household disposable income increased by an average of 0.7% per year between the years 2020 and 2022. Therefore, an increase in disposable income is driving the growth of the broadcast communication equipment market.
What is the segmentation for the 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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Who are the most influential companies 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
Which transformative trends will shape the broadcast communications equipment market landscape?
The adoption of internet television and wireless technologies 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 instance, in January 2023, LG Corporation, a South Korea-based manufacturer and distributor of electronic products, launched the 97-inch LG SIGNATURE OLED M television. The 97-inch LG SIGNATURE OLED M is equipped with Zero Connect1 technology, a wireless system that can transmit audio and video in real-time at up to 4K 120Hz. With LG’s wireless solution, customers can watch content at 4K 120Hz and clear, crisp sound without interruption or quality deterioration thanks to cutting-edge technologies that reliably transmit video and audio to the M3’s self-lit OLED screen. The algorithm in the television also helps to minimize transmission errors or disruptions as it can recognize changes in the immediate environment.
What are the key regional dynamics of the broadcast communications equipment market, and which region leads in market share?
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.
What Does The Broadcast Communications Equipment Market Report 2025 Offer?
The broadcast communications equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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