Insights on the Broadcast Switchers Global Market to 2026 - Players Include Grass Valley USA, Imagine Communications and Utah Scientific Among Others
DUBLIN, June 3, 2021 /PRNewswire/ -- The "Global Broadcast Switchers Market, By Type (Production Switchers, Master Control Switchers, Routing Switchers), By Application, By Number of Ports, By Port Type, By Video Resolution, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Broadcast Switchers Market was valued $1803.3 million in 2020 and is forecast to grow at CAGR of 8.07% in the next five years. The growth in the market can be attributed to growth in television industry and increase in demand for high definition and ultra-high definition television set, which in turn is fueling the demand for broadcast switchers through 2026. Changing consumer preferences related to adoption of digital television set over analog is another factor for the growing demand for broadcast switcher. Increasing number of digital channels and growing focus on production automation are some other key factors driving the Global Broadcast Switchers Market. A broadcast switcher is a hardware device, used in video or movie production. It is used for selecting or switching different audio and video signals coming in from different sources. Broadcast switcher has become an integral part of video broadcasting which plays an important role in entire video transmission.
The major players operating in the Global Broadcast Switchers Market are Blackmagic Design Pty. Ltd., Broadcast Pix, Inc., Evertz Microsystems Ltd., FOR-A Company Ltd., Grass Valley USA LLC, Imagine Communications, Ikegami Electronics U.S.A. Inc., NewTek, Inc., Panasonic Corporation, Sony Electronics, Inc., and Utah Scientific, Inc, among others. Leading companies are investing in research and development activities to launch new and innovative products in the market and to enhance their global reach. For instance, Blackmagic Design has launched ATEM Constellation 8K, a high-end live-production switcher with 8K capability that lets customers create content for the next generation of the television industry.
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