According to a recent study by Fact.MR, the Video Switchers market is set to see an impressive CAGR of more than 7% during the forecast period 2021-2031. Demand from end-users may provide impressive growth in terms of volume and value at the same time.
In addition, demand cuts from the telecommunications industry and source filing are aimed at reducing productivity over the next few years. This is because the semiconductor and electronics industries are slowly recovering. Or, the tendency to deal with digital play may create new opportunities in the forecast year.
What Is The Need To Drive Video Switchers?
The increasing use of advanced technology and semiconductor gadgets may provide many opportunities for manufacturers around the world.
The use of video game consoles such as video game consoles and so on has been shown to give a good impression of producing video switchers. This is because silicon tuner is used in the set box to collect signal.
Improving life and rising personal income around the world is expected to be used for input gadgets, which use video switches such as gaming, video streaming and more for residential purposes. It is expected to provide more opportunities for producers during the monsoon season.
Additionally, the trend toward communication has increased the activity related to live videos, live video streaming and web streaming. Expected to drive market growth during the test period.
The growing number of YouTuber worldwide is expected to increase the demand for video converters. As it enables switching between multiple cameras, game consoles and computer system in a very short time.
In addition to this, video switchers form the main output of video streaming in real-time recording and streaming. In addition, it can create a variety of visual effects on videos, as a result of which it is widely used by end users. As a result, manufacturers are likely to increase production volume during testing.
Who Are The Key players For Video Switchers?
Some of the leading producers and Video Switchers included
- NXP Semiconductors
- Broadcast Pix Inc.
- Grass Valley
- Ikegami Electronics Inc.
- Newtec
- Panasonic Corporation
- Ross Video Ltd.
- Snell Advanced Media Ltd.
- Sony Electronics
- Utah Scientific
The market is highly divided in nature because of the large number of major players present in the world. Emphasis is placed on the adoption of a non-living growth strategy such as integration, expansion, acquisition, collaboration and collaboration. In addition, leading producers are expected to work with the media and commercialization industries.
Key Segments
By Product Type
- Production Switchers
- Router Switchers
- Master Control Switchers
By End-users
- Residential
- Commercial
- Industrial
- Media & Entertainment
- Automobile
- Electrical & Electronics
- Others
By Distribution Channel
- Offline
- Specialty Stores
- Multi-brand Stores
- Retail Sales
- Distributor Sales
- Online
- E-commerce Websites
- Company-owned Websites
COVID-19 Impact
The demand for video switchers have been impacted by COVID-19-induced slowdown across the globe since the distribution chain was disturbed abruptly. Media& entertainment industries have witnessed a declined growth rate trajectory in Q3& Q4 of 2020. Media and entrainment industries are highly associated with the utilization of video switchers, hence it reduced the demand in early 2020.
This has constrained the demand for video switches, but the historical trend is projected to provide a positive outlook to the growth rate. Although the growing media and entrainment industry is anticipated to provide a positive outlook to the global market. This will lead to create numerous opportunities for manufacturers by 2023.
