APAC Broadcasting Equipment Market Estimated to Value US$ 5,104.8 Million by 2024

APAC Broadcasting Equipment Market Estimated to Value US$ 5,104.8 Million by 2024

NEW YORK, July 20, 2016 /PRNewswire/ --



Asia Pacific Broadcasting Equipment Market: Increasing Popularity of High Definition
(HD) Media Expected to Drive Growth during Forecast Period 2016 - 2024 



According to the latest report published by Persistence Market Research
[http://www.persistencemarketresearch.com ], titled "Broadcasting Equipment Market: Asia
Pacific Industry Analysis and Forecast, 2016-2024", the broadcasting equipment market in
APAC region is expected to be valued at US$ 5,104.8 Mn by 2024. 



The broadcasting equipment market in APAC region was valued at US$ 2487.5 Mn in 2015
and is expected to register a CAGR of 8.1% from 2016 to 2024. The growth of broadcasting
equipment market in APAC region is primarily driven by convergence of high definition
technologies such as 4K with IP. As per the report, 4K services are expected to be
available on IP networks over the next four to five years via satellite launching and
cable platforms.



The report has segmented the APAC broadcasting equipment market into traditional TV
broadcast, traditional radio broadcast, IP converged broadcasting and asset management
systems.



Traditional TV broadcast segment was valued at US$ 1123 Mn in 2015 and is anticipated
to register a CAGR of 8.1% during the forecast period (2016-2024). The traditional radio
broadcast segment was valued at US$ 544 Mn in 2015 and is anticipated to register a CAGR
of 7.5% during the forecast period. The IP converged broadcasting is projected to be the
fastest growing segment in APAC broadcasting equipment market, exhibiting a CAGR of 10.0%
during the forecast period.



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Traditional TV broadcast segment accounted for 45.1% share in terms of value of the
total APAC broadcasting equipment market in 2015. Consumption of high definition content
in APAC region is increasing at a rapid pace, supported by rising sales of HD ready TVs.



The traditional TV broadcast equipment market is further segmented into camera,
monitors, routers, switchers, cable, transmitter, receiver and other accessories. Routers
sub-segment is projected to expand at the highest CAGR of 9.2% during the forecast period.
Content creators across the region are shifting towards 4K cameras in order to capture
high definition video. This is being supported by sales of 4K UHD television that has
gained momentum due to rising disposable income in the region.



Key players of the APAC Broadcasting Equipment market include Media Excel Inc.(US),
ChyronHego Corporation (US), TVU Networks Corporation (US), XOR Media Inc.(US), FOR-A
Company (Japan), ORACLE Corporation (US), Unlimi-Tech Software Inc. (US), Grass Valley
(Canada) and General Dynamics Mediaware (Australia).



Request TOC (desk of content material), Figures and Tables of the
report: http://www.persistencemarketresearch.com/market-research/asia-pacific-broadcasting-equipment-market/toc



This report covers trends that are driving each segment and offers analysis and
insights regarding the potential of the broadcasting equipment market in APAC regions.



APAC region includes the following countries: 




- China
- Japan
- India
- ASEAN
- ANZ
- Rest of APAC.


Browse through the full APAC Broadcasting Equipment Market Report
at http://www.persistencemarketresearch.com/market-research/asia-pacific-broadcasting-equipment-market.asp



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model is a unique collaboration of data analytics and market research methodology to help
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To support companies in overcoming complex business challenges, we follow a
multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional
sources. By deploying real-time data collection, big data, and customer experience
analytics, we deliver business intelligence for organizations of all sizes.



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