Broadcast Switchers Market to Surpass USD 2912.96 Million by 2026
Shifting consumer preference
towards digitally advanced & HD television to drive 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), By Video Resolution (4K, High
Definition, Standard Definition), By Region, Forecast & Opportunities, 2026”, global broadcast switcher is expected to grow at CAGR of
8.07% in the next five years to reach USD2912.96 million by 2026 on account of
increasing demand for broadcast of live programs in HD formats and high penetration
of HD and UHD television format throughout the world. Nowadays, consumers are
preferring OTT over terrestrial television, which is leading to shift towards
multi-platform and multi-screen watching, thereby, driving the demand for
broadcast switcher in the next five years.
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 to substitute conventional SDI-based
environment with 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.
Browse 160 Market Figures spread through 207 Pages and an in-depth TOC on "Global
Broadcast Switchers Market"
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The global
broadcast switchers market is segmented based on type, 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. Routing Switchers currently dominate the global broadcast switchers
market, accounting for a share of 39.92% in 2020. Increasing usage of routing
switchers across emergent application segments such as educational institutes,
or corporate conferences is boosting the growth in demands for the broadcast
switcher market.
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 2020 owing to its increased deployment in
emerging economies of Asia Pacific and Middle East & Africa. Broadcast
switchers are an integral part of broadcasting and are used in film or video
production to select or switch different audio or video signals.
Leading players operating in the global broadcast switchers market are
Blackmagic Design Pty. Ltd., Broadcast Pix, Inc., Evertz Microsystems Ltd.,
FOR-A Company Ltd., Grass Valley USA LLC, Imagine Communications, 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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“The market in North America is estimated to be the largest in
the broadcast switchers market with a share of 34.72% in 2020 owing to the huge
investments in broadcast infrastructure, adoption of routing switchers and
increased usage of production switchers. Increasing demand for internet
broadcasting and gaming competition is driving the growth of broadcast
switchers market in the region.,” 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), By Video Resolution (4K, High
Definition, Standard Definition), By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global 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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