The Business Research Company Global Broadcast Communication Equipment Market Report 2021 – Impact and Recovery of COVID-19
LONDON, GREATER LONDON, United Kingdom, October 28, 2021 /EINPresswire.com/ – The adoption of Internet TV is an emerging trend in the broadcast communication equipment market. Customers in developed markets are adopting and showing preference for Internet TV. Internet TV, in general, is content distributed over the Internet. Wireless service providers offer online video streaming and Internet TV services to compete with traditional pay TV providers. These services are offered to increase their subscriber base and income. For example, in the United States, around 147.5 million people have adopted Internet TV to watch Netflix at least once a month, followed by Amazon Prime Video (88.7 million), Hulu (55 million), HBO Now (17.1 million) and Dish’s Sling TV. (6.8 million).
The increase in disposable income is stimulating the market for broadcast communication equipment. Disposable income is the total amount of household income available to spend and save after paying income tax. The increase in disposable income increases the likelihood of consumers spending on entertainment and mobile communications, resulting in increased sales of mobile communications such as cell phones. The cell phone is broadcast communication equipment, and the market has benefited greatly from the increased sales of cell phones. Cell phones have now become a necessity in every household due to benefits such as connectivity, productivity applications, entertainment and education. For example, in India, net disposable income per capita increased to $ 1,829.62 in 2019-2020 from $ 1,712.51 in 2018-2019, an increase of 6.8%. The increase in disposable income coupled with affordability has increased the purchasing power of individuals and in turn propelled the cell phone market, driving the market for broadcast communication equipment.
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The global broadcast communication equipment market size is expected to grow from $ 4.39 billion in 2020 to $ 4.54 billion in 2021 at a compound annual growth rate (CAGR) of 3.4%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 5.28 billion in 2025 at a CAGR of 4%.
The main players covered worldwide broadcast communication equipment industry are Ericsson AB, Harris Corporation, Motorola Solutions, Lockheed Martin Corporation, The Boeing Company, Raytheon Company, L-3 Communications Corporation, ITT Corporation, Datapath Inc, AT&T Corporation, Datron World Communications, Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co. Ltd, Shenzhen Concox Information Technology Co. Ltd, Laird PLC., Tomtom International Bv, Teltonika UAB, Atrack Technology Inc., Geotab Inc., MeitrackGroup, Trackimo LLC, Shenzhen Coban Electronics Co. Ltd, Xirgo Technologies, Inc., Maestro Wireless Solutions Ltd., Ruptela UAB, Verizon Wireless, Spy tech, Inc., Smart Caregiver.
Global TBRC Broadcast Communication Equipment Market report is segmented by Product Type into Transmission Antennas, GPS Equipment, Transceivers, Satellite Communication Equipment, Others, by Application in Military, Civil, by technology in analog broadcasting, digital broadcasting.
Global Broadcast Communication Equipment Market Report 2021 – By Product Type (Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communication Equipment), By Application (Military, Civilian), By Technology (Analogue Broadcasting, Broadcasting digital), the impact and recovery of COVID-19 is one of a series of new reports from The Business Research Company that provides an overview of the broadcast communication equipment market, a forecast for the size and broadcast communication equipment market growth for the whole market, broadcast communication equipment market segments and geographies, broadcast communication equipment market trends, broadcast communications market drivers equipment, constraints, revenues, profiles and market shares of the main competitors.
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