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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