Broadcast Switchers Market to Undergo Substantial Growthin Next Five Years
Growing demand for broadcast
of live programs in HD formatsand supportive regulatory scenario are somemajor
factors driving the growth of global broadcast switchers
market.
According to
TechSci Research report, “Global Broadcast
Switchers Market By Type (Production Switchers,
Master Control Switchers, Routing Switchers), By Application (Studio
Production, Production Trucks, News Production, Sports Broadcasting, Post-Production,
Others), By Number of Ports (Less than 16 Ports, 16 to 40 Ports, 40 to 250
Ports, More than 250 Ports), By Port Type (Coaxial, Uncompressed IP, Compressed
IP, Others (HDMI, DVI, and VGA)), By Video Resolution (4K, High Definition,
Standard Definition),By Region, Forecast &Opportunities,2025”, the market
is expected to witness a significant CAGR during the forecast period on account
of increasing demand for broadcast of live programs in HD formats by consumers
and high penetration of digital television and high definition television
throughout the world. Moreover, supportive regulatory scenario towards digital
globalization across various economies are also propelling the growth of global
broadcast switchers market. The increasing usage of social media including YouTube,
video streaming channels and live seminars & video games are creating the
need for innovative broadcast switchers. This in turn is boosting the growth of
global broadcast switchers market. With growing number of digital channels and focus
on production automation, the market is further expected to grow substantially
over the next five years.
Additionally, companies are investing highly on
product innovation in an effort tosubstitute conventional SDI-based
environmentwith live production systems which is another key factor driving the
global broadcast switchers market growth. However, high cost of broadcasting
devices like digital audio mixers, video conversion software and convertors among
other devices are likely to hamper the market growth.
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The global broadcast
switchers market is segmented based ontype, application, number of ports, port
type, video resolution and region. Based on type, the market can be categorized
into production switchers, master control switchers and routing switchers. Among
them, the production switcher segment is expected to dominate the market in
terms of share during the forecast period owing to growing adoption of ultra HD
technology. Moreover, these switchers have combined capabilities of processing
SD, HD, and 4K signals hence they are widely being adopted.
Based on application, the global broadcast switcher market can be split into
studio production, production trucks, news production, sports broadcasting,
post-production and others. Out of them, the studio production segment held dominant
position in terms of market share in 2019. However, the sports broadcasting
segment is expected to undergo fastest growth by 2025 owing to the rising
demand for high resolution format.
Leadingplayers operating in the global broadcast
switchersmarket are Blackmagic Design Pty. Ltd., Broadcast Pix, Inc., Evertz
Microsystems Ltd., FOR-A Company Ltd., Grass Valley USA LLC, Harris Broadcast,
Ikegami Electronics U.S.A. Inc., NewTek, Inc., Panasonic Corporation, Sony
Electronics, Inc. and Utah Scientific, Inc. Market players are investing
heavily on latest technologies to enhance their product portfolio. Moreover,
they are also undergoing inorganic growth strategies such as mergers &
acquisitions, strategic collaborations, partnerships and joint ventures in
order to increase their share in global broadcast switchers market.
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“Regionally, North America held dominant position in
global broadcast switchers market in terms of revenue until 2019 owing to increasing
usage of production switchers by corporate offices, educational institutes and places
of worship. However, rapid digitalization in countries like China, Australia
and India are likely to make Asia Pacific most lucrative market for broadcast
switcher manufacturers over the next five years,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Broadcast Switchers Market By Type (Production
Switchers, Master Control Switchers, Routing Switchers), By Application (Studio
Production, Production Trucks, News Production, Sports Broadcasting,
Post-Production, Others), By Number of Ports (Less than 16 Ports, 16 to 40
Ports, 40 to 250 Ports, More than 250 Ports), By Port Type (Coaxial,
Uncompressed IP, Compressed IP, Others (HDMI, DVI, and VGA)), By Video
Resolution (4K, High Definition, Standard Definition), By Region, Forecast
&Opportunities, 2025”has evaluated the future growth potential of broadcast
switchers market and provides statistics &information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global broadcast switchers market.
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