ICT & Electronics Asia-Pacific Broadcasting Equipment Market | Page 2

Asia-Pacific broadcasting equipment market is segmented into system types such
as traditional TV broadcast systems, traditional radio broadcast systems, IP
converged broadcast systems, asset management systems and others. Among
these segments, traditional TV broadcast systems segment is expected to
dominate the overall broadcasting equipment market during the forecast period.
Moreover, this segment was held at a valuation of USD 1,105.3 Million in 2015.
High adoption of TV in the region is expected to drive the growth of broadcasting
equipment in Asia-Pacific.
Asia-Pacific broadcasting equipment market is expected to register a CAGR of
8.4% over the forecast period. Moreover, the Asia-Pacific broadcasting
equipment market was valued at USD 2,565.2 Million in 2015. Rapid digitization
in the region is expected to drive the growth of broadcasting equipment market.
Additionally, increasing penetration of smartphones and computers in the region
is anticipated to impel the growth of Asia Pacific broadcasting equipment market.
The IP converged broadcast systems by system types grabbed USD 451.9 Million
in 2015. Moreover, this segment is projected to witness highest CAGR over the
forecast period. Increasing utilization of IP networks for content delivery by
broadcasters is expected to intensify the growth of IP converged broadcast
systems segment. Moreover, IP converged broadcast systems allows the
broadcaster to broadcast real time contents. This factor is also envisioned to
bolster the growth of the broadcasting equipment market.
Increasing Penetration of Smart Devices and Gadgets
Increasing sale of smart devices such as smartphones, tablets and computer is
expected to accelerate the growth of Asia Pacific broadcasting equipment market
during the forecast period. Further, factors such as rising disposable income are
expected to increase the sale of smart gadgets in the next few years. This factor is
expected to accelerate the growth of broadcasting equipment market.
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