The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increase in disposable income are expected to drive innovation in broadcast communications equipment manufacturing, thus driving the market during the forecast period.

The global broadcast communications equipment market is expected to grow from $553.35 billion in 2022 to $604.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The broadcast communications equipment market size is expected to grow from $844.28 billion in 2027 at a CAGR of 8.7%.

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Global Broadcast Communications Equipment Market Segments Include:

• By Product Type: Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communications Equipment, Other
• By Application: Military, Civilian
• By Technology: Analog Broadcasting, Digital Broadcasting
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global broadcast communications equipment market in 2021.

Major Market Players in the broadcast communications equipment market include Ericsson AB, Harris Corporation, Motorola Solutions, Lockheed Martin Corporation, The Boeing Company, Raytheon Company.

Adoption of internet television is an emerging trend in the broadcast communication equipment market. Customers in developed markets are adopting and showing signs of preferring internet TV. Internet TV, in general, is content distributed over the internet. Wireless service providers are offering online video streaming services and internet TV to compete with traditional pay-TV providers. These services are being offered to increase their subscriber base and revenues. For example, in the U.S, approximately 147.5 million people have adopted internet television to watch Netflix at least once a month, followed by Amazon Prime Video (88.7 million), Hulu (55 million), HBO Now (17.1 million) and Dish’s Sling TV (6.8 million).

The Broadcast Communications Equipment Global Market Report 2023  provides a broadcast communications equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The broadcast communications equipment market forecast analyzes broadcast communications equipment market size, broadcast communications equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Broadcast communication equipment refers to hardware used in a communication network that uses broadcasting for inter-node communication. Products made by these establishments include transmitting and receiving antennas, cable television equipment, GPS equipment, cellular phones, and more.

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