Future Trends & Drivers: Investment in Technological Development for Robust Communication, Increasing Demand for Improved Broadcasting Platform, Increase in Growing Infrastructural Investments
The global TV transmitter market accounted for US$ 662.6 Mn in 2018 and is expected to grow at a CAGR of 4.7% over the forecast period 2019-2027, to account for US$ 975.2 Mn by 2027. Successful transitions from moving analog to digital transmission, the installation of mobile TV and other multimedia networks may further need scores of transmitters in significantly varying sizes and power levels, thereby challenging the support logistics and expanding the costs of installation and maintenance of the transmitters. On the other hand, the broadcasters require transmission systems that operate more efficiently in order to address the increasing demand for lower operating costs and an eco-friendlier method.
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The TV transmitter manufacturers focus on high-end installation base, advanced technology, and global transmission business with upgradable software solutions for the customers who need to thrive for years to come. The major end-users for the TV transmitter market are small TV stations and large TV stations that install the TV transmitters directly from the companies or through third parties.
In Europe, The European TV transmitter market is growing at a high pace, influenced as in communication sectors; terrestrial broadcasting networks are presently becoming exposed and deregulated to market forces. Also, DTT to become the second-largest digital TV platform to serve the consumer after a digital cable TV platform. Thus, the market in Asia-Pacific for TV transmitters is expected to grow a high rate. Constant innovations in the telecommunication and media industry marked by technological convergence, making it possible for consumers to access video content through several broadband networks. With the introduction of new technologies, online video reaches consumers through multiple devices, including smartphones, computers, tablets, gaming consoles, television sets, and other equipment connected to the Internet
The overall TV transmitter market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the TV transmitter market. It also provides the overview and forecast for the global TV transmitter market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the TV transmitter market.
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This post was originally published on Food and Beverage Herald