17-Aug-2022 | Facts and Factors
According to Facts and Factors, the global atsc 3.0 devices market size was worth USD 5,724.30 million in 2021 and is estimated to grow to USD 11,359.41 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.10 percent over the forecast period. The report analyzes the atsc 3.0 devices market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the atsc 3.0 devices market.
ATSC 3.0 is a major type of ATSC standard for television broadcasting produced by the Advanced Television Systems Committee. It's a new broadcasting standard that makes 4K mainstream and brings TV to mobile phones and cars. Furthermore, the format supports 4K, UHD, 3D and high-quality audio allowing 4K to replace HDTV. It works like traditional television, over networks, and with internet connections to create a combined broadband stream.
Browse the full “ATSC 3.0 Devices Market Size, Share, Growth Analysis Report By Application (Residential and Commercial), By Verticals (Consumer Electronics, Semiconductor Industry, Automotive, and Media & Entertainment), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/atsc-30-devices-market
Furthermore, strict government-enforced regulations on broadcast services are expected to accelerate the growth of the ATSC 3.0 equipment industry during the forecast period. In addition, the development of 4K monitors is expected to support the expansion of the ATSC 3.0 device market over the next few years. Furthermore, the huge demand for high-resolution displays, optimal audio quality and capabilities of the target audience is expected to drive the ATSC 3.0 device industry in the coming years.
The global atsc 30 devices market has been segmented into application and vertical. Based on application, the commercial and residential are segments of the global atsc 30 devices market. The residential segment dominated the market in 2021 due to the high content consumption by residential households. Also, the residential segment will continue its dominance during the forecast period. Based on vertical, the market is classified into consumer electronics, semiconductor industry, automotive, and media & entertainment. The high demand for advanced electronics products to experience better content quality drives the consumer electronics segment during the forecast period.
The global ATSC 3.0 devices market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. During the forecast period, the market growth in the North American region is attributed to the large-scale adoption of ATSC 3.0 equipment in the consumer electronics, automotive, semiconductor and computer and communications industries. Communication and entertainment in countries such as the United States allowed the installation of ATSC 3.0. For instance, 51% of homes in the US are covered by ATSC 3.0 across a total of 68 markets. Thus, these factors are expected to drive the North American region during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 5,724.30 Million |
Projected Market Size in 2028 |
USD 11,359.41 Million |
CAGR Growth Rate |
12.10% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Apple Inc., LG Electronics Inc., Samsung, Sony, and Others |
Key Segment |
By Application, Verticals, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global atsc 3.0 devices market include Apple Inc., LG Electronics Inc., Samsung, and Sony.
Recent Development:
- June 2022: Triveni Digital has announced that the company will showcase its end-to-end NEXTGEN TV solutions at the ATSC Annual Members Meeting and NextGen Broadcasting Conference in Detroit. Triveni Digital's ATSC 3.0 products provide extensive integration with third-party products. They have been deployed by major broadcasters in the United States, including Meredith, Hearst Television, Sinclair Broadcast Group and ARK Multicasting.
Global ATSC 3.0 Devices Market is segmented as follows:
By Application
By Vertical
- Consumer Electronics
- Semiconductor Industry
- Automotive
- Media & Entertainment
By Region
-
North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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