Broadcast Switch Market Worth $3.32 Billion by 2031

WILMINGTON, DE /ACCESSWIRE/September 28, 2022 / Transparency Market Research Inc. – The substantial rate of adoption of production switchers has increased revenue potential, a detailed study examining the market share of broadcast switch companies has revealed. The broadcast switch market the size was pegged at US$1.86 billion in 2021. Changing requirements for changing live production systems provide top video switchers with additional opportunities. They are targeting technological advances in broadcast infrastructure to capture new revenue streams in the near future.

A recent broadcast switch market forecast reveals that booming video streaming services have given a significant boost to product demand. Market players are geared towards offering innovative technologies for video switchers to improve the accuracy and efficiency of live event production. Many leading video switchers are keenly tapping into the demand for live streaming technology.

The increase in the application of broadcaster switches in live sports stadiums has created a huge lucrative opportunity. The growing trend of digital broadcasting in the world has pivoted the prospects of broadcast switches.

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Key Findings from the Broadcast Switches Market Research

  • The growing application of production broadcast switches presents many opportunities for market players: The increasing use of broadcast mixers in production environments has generated lucrative opportunities for businesses. Production switches were the most popular category, and the study estimated that the segment held a major share of the broadcast switch market in 2021. Meanwhile, the demand for routing switches is expected to grow rapidly during the forecast period. Advances in various hardware and software such as digital video effects (DVE) and peripheral controllers have improved live television production environments, unlocking new revenue streams.
  • Massive adoption of sports and live events generating considerable revenue: Rising demand for switches for sporting and live events has generated vast revenue potential for players in the broadcast switch market. The need for technological advances in live production systems reinforces the substantial adoption possibilities of broadcast mixers. Sports-loving viewers prefer over-the-top (OTT) services. The trend of OTT media services for other events will continue to generate profitable avenues in the broadcast switch market.

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Broadcast Switches Market: Key Drivers

  • Growing consumer preference for digital broadcasting has spurred the move away from analog technologies and is a key driver of the broadcast switch market. It should be noted that HD and 4K video content switchers are gaining popularity among consumers in live event productions.
  • Increase in the number of live event and game productions is propelling the demand for broadcast switchers, thereby boosting the market outlook

Broadcast Switches Market: Regional Growth Dynamics

  • North America held a major share of the global broadcast switch market in 2021. The United States had contributed the major portion of the regional market. The massive adoption of products in live event and sports production in the region has spurred tremendous revenue streams.
  • Asia-Pacific is a potentially lucrative market and the study estimates that the regional market is expected to grow at the most attractive growth rate. The outlook is fueled by the growing trend towards digitization of broadcasting. Additionally, the demand for HD and 4K content-based switchers is expanding the scope for marketing various products in the Asia-Pacific broadcast switcher market.

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Broadcast Switches Market: Competition Landscape

Most players in the broadcast switcher market focus on continuous product development and have committed significant funds to research and development of technologically advanced solutions for film and video production environments.

Some of the major market players are Utah Scientific, Inc., Sony Corporation, ROSS VIDEO LTD., Panasonic Corporation, NewTek, Inc., Grass Valley Canada, FOR-A Company Ltd., EVS Broadcast Equipment, Evertz, Clyde Broadcast, Broadcast Pix Inc. and Blackmagic Design Pty. ltd.

Broadcast Switch Market Segmentation

  • type of product
    • Production switches
    • Routing switches
    • Master control selectors
  • Mix Effects Type (M/Es)
    • Less than 4 M/E
    • 4 to 8 M/E
    • 8 to 12 M/E
    • Above 12 M/E
  • Video resolution
    • 4K
    • High Definition (HD)
    • Standard Definition (SD)
  • End-use industry
    • Sports and live events
    • New
    • virtual studio
    • Company
    • Government
    • Other (education, house of worship, etc.)

Regions

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Countries

  • WE
  • Canada
  • Great Britain
  • Germany
  • France
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • GCC
  • South Africa
  • Brazil

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