Global broadcast switcher market was valued US$ 1.70 Bn in 2017 and is expected to reach US$ 2.64 Bn by 2026, at a CAGR of 5.66% during a forecast period.
Rising usage of social media, video streaming channels, youtube, live video games, seminars, sports events and web broadcasting needs innovative broadcast switchers are driving the growth in the global broadcast switcher market. Broadcast switcher helps to capture data from multiple sources and empower broadcasters to switch between multiple cameras, game consoles and computers in real time. The upsurge in consumer’s demand for high-quality video content, global adoption of HD and increase in number of digital channels is propelling the growth of market.
Huge capital cost required while establishing new broadcast facilities, and high cost of broadcasting equipment restricts the market growth.
Increasing demand for emerging technologies such as 4K display and further digitization to 3D are big opportunities for global broadcast switchers market.
Router switchers are expected to lead the global broadcast switcher market owing to their usage in various application segments such as sports broadcasting, news production, and studio production. Furthermore, Production switchers are projected to witness strong growth over the forecast period owing to increasing demand for special effects broadcasting.
North America is expected to share significant growth in global broadcast switcher market. This growth can be attributed owing to the huge adoption of routing switchers and enlarged usage of production trucks, which helps to minimize power consumption and produce lower heat and noise. Increasing usage of production switchers across emergent application segments such as educational institutes, places of worship or corporate conferences is boosting the growth in demands for the broadcast switcher.
Key profiled and analyzed in the Global broadcast switcher market
Sony Electronics, Inc., Snell Group, Grass Valley, Panasonic Corporation, Broadcast Pix, Ross Video, Miranda Technologies, Evertz Corporation, Utah Scientific, Inc. and Harris Broadcast.
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