CHICAGO—A new research report is predicting that the broadcast equipment market will see fairly healthy growth in the next five year, growing from $4.6 billion in 2021 to around $6.3 billion in 2027, a CAGR of 4.9%, according to MarketsandMarkets. 

The "Broadcast Equipment Market with COVID-19 Impact Analysis by Technology” report noted that the transition from analog to digital broadcasting in many parts of the world is one important factor driving growth, with the digital broadcasting segment projected to see a higher CAGR than the overall broadcast equipment market. 

By product type, the researchers noted that the the encoder segment held the largest share of the broadcast equipment market in 2021 and that the television segment held a largest share of broadcast equipment market in 2021.

The TV segment is also expected to grow at a higher rate and dominate the market during the forecast period. The growing demand for IPTV and digital terrestrial broadcasting services, along with the existing terrestrial broadcasting and the increasing satellite broadcasting, has led to the rise in the demand for television broadcasting, the report argued. 

It also is projecting that the APAC will see the highest growth rates between now and 2027.

NORTHBROOK, Ill.—The 8K technology market will be worth $26.8 billion in the next five years according to new research by MarketsandMarkets.

That would be a growth from a predicted $2.9 billion in 2019.

In its report, the company said advancements in display technology; expansion of production capabilities for 8K UHD display panels; availability of various products for the creation and delivery of 8K content; and increased demand for larger-sized TVs with higher resolution are among the major factors driving the 8K technology market growth.

Television is predicted to be the fastest-growing segment in the overall 8K technology market as consumers begin to show interest in large-screen TVs with better picture quality. However, owing to the limited content availability and high cost, 8K televisions are not offering significant value addition to early buyers compared to 4K televisions, said MarketsandMarkets.

It predicts the sports and entertainment industry will hold the second-largest share of the 8K technology market.

PUNE, INDIA—A new report from MarketsandMarkets takes a focused look at the segment of the broadcast industry that deals directly with the uplink of existing content, including video servers, dish antennas, encoders, transmitters and switchers. The findings for this specific area see a continued growth over the next several years, with an expectation of the market hitting $5.82 billion by 2023.

As of 2017, MarketsandMarkets finds the uplink content market’s value at $4.38 billion. The expected increase over the next six years is based on the rising demand for UHD content production and transmission, a shift from hardware products to software and open architecture, and increasing direct-to-consumer (D2C) offerings through OTT services and multichannel networks.

One of the larger areas of growth is forecasted to be in video servers. With the ability to store and play out multiple video streams without degrading the video signals, video servers are expected to be key for the growth of D2C offerings, as well as more traditional distribution routes.

Additional findings from the report include the expected continued growth of digital broadcasting thanks to elements like additional channels, HD offerings, radio data services and pay programming.

Also, North America will remain the largest market share of this sector of the broadcast industry, according to the report. Already the holder of the largest share in 2016, an increasing number of satellite and cable channels and rise of internet penetration—in part due to growing cultural diversity calling for more broadcast channels—has boosted demand for equipment. The European and APAC markets are also expected to grow from now to 2023.

The major players in this sector of the industry, per MarketsandMarkets, are Cisco Systems, Ericsson, Harmonic, Evertz and Grass Valley. MarketsandMarkets determined its major players based on company revenue, product offerings and business strategies, according to Sachin Garg, associate director – electronics and semiconductrs, for MarketsandMarkets.

The full “Broadcast Equipment Market by Application (Radio and Television), Technology (Analog and Digital), Products (Dish Antennas, Amplifiers, Switches, Encoders, Video Servers, Transmitters and Modulators) and Geography – Global Forecast to 2023” is available here.