ATSC 3.0 Devices Market Size, Share & Trends Analysis Report 2028

Industry Insights

[239+ Pages Report] 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 the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the atsc 3.0 devices market.

ATSC 30 Devices Market: Overview

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. Furthermore, strict government regulations on broadcasting services and technological development are expected to drive market growth during the forecast period. Moreover, the current ATSC 1.0 law cannot comply with the new ATSC 3.0 law anticipated to hamper the market growth during the forecast period.

COVID-19 Impact:

The COVID-19 pandemic has impacted the businesses of the atsc 30 devices. The COVID-19 pandemic spread throughout the world as strict lock-downs are implemented by governments and shut down companies. Thus, the movement of people is restricted during the covid-19 pandemic; the global ATSC 30 devices market is likely to be impacted considerably during the forecast period. Besides that, the high use of broadcasting services negligibly impacted the market growth during the pandemic period.

Key Insights

• As per the analysis shared by our research analyst, the global atsc 30 devices market value is expected to grow at a CAGR of 12.10% over the forecast period.
• In terms of revenue, the global ATSC 30 devices market size was valued at around USD 5,724.30 million in 2021 and is projected to reach USD 11,359.41 million by 2028.
• The strict government regulations on broadcasting services and technological development are expected to drive market growth during the forecast period.
• By application, the residential category dominated the market in 2021.
• By verticals, the consumer electronics category dominated the market in 2021.
• North America dominated the global atsc 30 devices market in 2021.

ATSC 30 Devices Market: Growth Drivers

• Strict government regulations on broadcast services to drive market growth

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.

Restraints

• ATSC 1.0 law cannot comply with the new ATSC 3.0 law to hinder the market growth

ATSC 1.0 law cannot comply with the new ATSC 3.0 law and is anticipated to restrain the market growth during the forecast period due to the lack of awareness regarding atsc 3.0 in developing and underdeveloped economies such as Africa and others. Also, the requirement of advanced electronic solutions to consume the ATSC 3.0 content, which is not available in the economies mentioned above, hinders the market growth during the forecast period.

ATSC 30 Devices Market: Opportunity

• Advancement in technologies and improving digital infrastructure to present market opportunities

Technological advancements such as 4K and 5K resolution pictures and the global digital infrastructure are expected to offer lucrative opportunities for the market players during the forecast period. Furthermore, South Korea's Ministry of Science, Information Technology and Future Planning have promoted ASTC 3.0 as the national broadcast standard for ultra-high definition. Such factors are expected to support the market expansion during the forecast period.

ATSC 30 Devices Market: Segmentation

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 increasing demand for electronics products such as television and others is expected to support this segment's growth during the forecast period.

Based on vertical, the market is classified into consumer electronics, semiconductor industry, automotive, and media & entertainment. In 2021, the consumer electronics category will dominate the global market. The high demand for advanced electronics products to experience better content quality drives the consumer electronics segment during the forecast period.

Recent Developments

• March 2020: LG corporation, one of the market leaders in the electronics industry, launched 6 TVs in different sizes in the U.S., which comply with the ATSC 3.0 standards.

Report Scope

ATSC 30 Devices Market: Regional Landscape

• North America dominated the atsc 30 devices market in 2021

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.

Competitive Landscape

• Apple Inc. 
• LG Electronics Inc. 
• Samsung 
• Sony

Global ATSC 3.0 Devices Market is segmented as follows:

By Application

• Residential
• Commercial

By Vertical

• Consumer Electronics
• Semiconductor Industry
• Automotive
• Media & Entertainment

By Regional Segment Analysis

• North America

  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • 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