Global ATSC 3.0 Devices Market Size Expected to Reach USD 14,899 Million By 2027: FnF Research
New York, NY, March 10, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “ATSC 3.0 Devices Market By Application (Residential and Commercial) and By Verticals Share (Consumer Electronics, Semiconductor Industry, Automotive, and Media & Entertainment): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” .
“According to the research report, the global ATSC 3.0 Devices Market was estimated at USD 5,272 Million in 2018 and is expected to reach USD 14,899 Million by 2027. The global ATSC 3.0 Devices Market is expected to grow at a compound annual growth rate (CAGR) of 12.2% from 2019 to 2027”.
ATSC 3.0 is a key type of the ATSC standards for TV broadcasting produced by the Advanced Television Systems Committee. It is a new broadcast standard that assists in dragging 4K into the mainstream and bringing TV to mobiles and cars. Moreover, the format aids 4K, UHD, 3D, and high-quality audio that helps 4K supersede HDTV. It works the same as traditional broadcast television and functions over the air as well as with internet connections to produce a broadband hybrid stream.
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the ATSC 3.0 Devices Market?
2) What is the market size, share of the ATSC 3.0 Devices Market?
3) Who are the top market players in ATSC 3.0 Devices Market?
4) What will be the future market of the ATSC 3.0 Devices Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Key Features of ATSC 3.0 Devices Market Report:
- ATSC 3.0 Devices Market structure: Overview, industry life cycle analysis, supply chain analysis
- ATSC 3.0 Devices Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- ATSC 3.0 Devices Market size, trend, and forecast analysis
- ATSC 3.0 Devices Market segments’ trend and forecast
- ATSC 3.0 Devices Market’s competitive landscapes: Market share, Product portfolio, new product launches, etc.
- ATSC 3.0 Devices Market attractiveness and associated growth opportunities
- Emerging Trends in the ATSC 3.0 Devices Market.
- Strategic growth opportunities for the existing and new players
- Key success factors
Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.
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Furthermore, ATSC makes use of a bootstrap signal that aids the receiver to discover and recognize the signals being transferred. Apart from this, it also utilizes a physical layer based on the orthogonal frequency division multiplexing modulation having a low-density parity-check code. In addition to this, it supports audio, video, legacy SD video, interfaced HD video, progressive video, watermark, and public alerting.
Industry Major Market Players
- Apple Inc.
- LG Electronics Inc.
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Strict laws governing broadcasting services to boost market trends
Stringent legislation enforced by the government on broadcasting services is anticipated to steer the growth of the ATSC 3.0 devices industry over the forecast timeline. Moreover, the evolution of the 4K display is expected to prop up the expansion of the ATSC 3.0 devices market over the coming years. Furthermore, the massive need for high-resolution display, optimum sound quality, and the abilities of the target audience is predicted to propel the ATSC 3.0 devices industry over the years to come. Nonetheless, the current legislation pertaining to ATSC 1.0 is not able to fulfill the new ATSC 3.0 laws. This, in turn, will impede the expansion of the ATSC 3.0 devices industry over the forecast timeline.
In addition to this, the ministry of science in South Korea, ICT, and future planning promoted ASTC 3.0 standard as the national broadcasting standard for ultra-high definition. Such moves are likely to succor the expansion of the industry over the forecast timeline.
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A residential segment to dominate the application landscape by 2027
The growth of the segment is attributed to the massive demand for ATSC 3.0 equipment across the residential sector over the forecast period. The segment is projected to record a CAGR of nearly up to 12% during the period from 2019 to 2027.
Consumer electronics segment to contribute massively towards the overall ATSC 3.0 devices market revenue by 2027
The growth of the segment is credited to a high amount of utilization of ATSC 3.0 devices in consumer electronics goods or equipment.
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The study provides a decisive view of the ATSC 3.0 Devices market by segmenting the market based on application, verticals share, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Strict laws implemented by the government on broadcasting services are anticipated to steer the growth of the ATSC 3.0 devices industry over the forecast timeframe. Moreover, the evolution of the 4K display is anticipated to prop up the growth of the ATSC 3.0 devices market over the coming years. Furthermore, the massive need for high-resolution display, optimum sound quality, and the abilities of the target audience is projected to propel the ATSC 3.0 devices industry over the years to come. Nonetheless, the current legislation pertaining to ATSC 1.0 is not able to fulfill the new ATSC 3.0 laws. This, in turn, will impede the expansion of the ATSC 3.0 devices industry over the forecast timeline.
Application-wise, the market is segregated into residential and commercial applications. Based on the verticals share, the industry for ATSC 3.0 devices is based on consumer electronics, semiconductor industry, automotive, and media & entertainment.
North America to contribute lucratively towards the overall market revenue share by 2027
The growth of the market in the region during the forecast period is credited to the large-scale use of the ATSC 3.0 equipment in the consumer electronics, automotive, semiconductor industry, and media & entertainment sectors in the countries like the U.S. The country had allowed the installation of ATSC 3.0.
Browse the full “ATSC 3.0 Devices Market by Application (Residential and Commercial) and By Verticals Share (Consumer Electronics, Semiconductor Industry, Automotive, and Media & Entertainment): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” report at https://www.fnfresearch.com/atsc-30-devices-market-by-application-residential-and-120
This report segments the ATSC 3.0 Devices market as follows:
ATSC 3.0 Devices Market: By Application Segment Analysis
ATSC 3.0 Devices Market: By Verticals Share Segment Analysis
- Consumer Electronics
- Semiconductor Industry
- Media & Entertainment
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