The global Broadcast Switchers Market is expected to reach USD 1.93 billion
by 2020, according to a new study by Grand View Research, Inc. Transition to digital
from traditional analog technology is expected to propel market growth over the
next six years. Changing consumer preferences and favorable regulatory scenario
have led to high degree of digitization and HD display adoption, which is also
expected to be a key market driver over the forecast period. Operational ease
during broadcasting and video transmission may favorably impact the market.
Although standard
definition (SD) demand has been decreasing, digitization is expected to fuel 4K
and full HD adoption; this is expected to present a sizable opportunity for
companies operating in the market. Rising production automation demand is also
expected to be a growth driver over the forecast period. Restraints to market
growth include need for standardization as well as high cost of lighting
equipment, cameras, digital audio mixers, etc.
Access Research Report of Broadcast Switchers Market http://www.grandviewresearch.com/industry-analysis/broadcast-switchers-market
Further key findings from the study suggest:
· Routing switchers accounted for over 40% of
the global market in 2013; the segment is further expected to gain market share
over the forecast period. Growing amount of video content has led to
installation of sophisticated broadcasting products so as to provide high
quality streaming. Production switchers are expected to witness high growth,
and manufacturers have focused on reengineering and product development
measures.
· Sports broadcasting accounted for over 20%
of the market share in 2013, mainly due to demand for high resolution format.
Key manufacturers have aimed to provide multi-definition switchers capable of
functioning in varied environments. Growth in demand for outside broadcasting
vans is expected to drive the production trucks segment over the next six
years.
· North America is expected to continue being
the market leader over the forecast period; it accounted for over 35% of the
market in 2013. Asia Pacific is expected to be a fast growing regional market
over the forecast period due to investments in broadcast infrastructure.
· Key industry participants include Sony,
Snell Group, Ross Video, Broadcast Pix, Panasonic Corporation, Harris
Broadcast, etc. Major vendors differ on the basis of their product offering,
with innovation and establishing global presence among the key strategies
employed.
Grand View Research has
segmented the global broadcast switchers market on the basis of product,
application and region:
Broadcast Switchers Product Outlook (Revenue, USD
Million, 2012 - 2020)
·
Master Control Switchers
·
Production Switchers
·
Routing Switchers
Broadcast Switchers Application Outlook (Revenue, USD
Million, 2012 - 2020)
·
News Production
·
Post Production
·
Production Trucks
·
Sports Broadcasting
·
Studio Production
·
Others
Broadcast Switchers Regional Outlook (Revenue, USD
Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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