Signal processing is the process of analyzing and modifying a signal to optimize its efficiency and performance. Signal processing equipment processes the data in real time and ensures desired and accurate performance. Signal processing equipment can be used for audio signal processing, speech processing, and radar applications.
Signal processing equipment (broadcasting) is witnessing widespread adoption in many applications such as telecommunication, aerospace, and consumer electronics, owing to the high benefits associated with it. The small size, high operational efficiency, and low cost of signal processing equipment are expected to be factors contributing to the growth of the global signal processing equipment (broadcasting) market. Increased usage of signal processing in consumer electronics application further boosts market growth. The other major factors driving the growth of the global signal processing equipment (broadcasting) market include the use of signal processing chips in consumer electronics industry and increasing demand for signal processing equipment in the automobile sector. Furthermore, the emergence of new applications and devices and rapid developments in wireless network infrastructure fuels the market growth. However, the lack of skilled labor, crucial for designing and programming the complex architecture of signal processing equipment (broadcasting) hampers the growth of the market. Growing popularity of next-generation technologies such as IoT and Big Data, combined with advanced computing algorithms is expected to create significant opportunities for the signal processing equipment (broadcasting) market.
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The global signal processing equipment (broadcasting) market can be categorized based on signal type, enterprise size, component, equipment type, number of cores, applications, and geography. Based on the signal type, the market can be classified into analog signal, digital signal, continuous-time signal, discrete-time, linear signal, and non-linear signal. Digital signal dominates the market. Digital signal can transfer information with greater noise immunity, and it uses less bandwidth. The market can be segregated based on enterprise size into small and mid-size enterprises and large size enterprises. In terms of components, the global signal processing equipment (broadcasting) market can be divided into signal processor, transducer, modulators, transmitter, sensors, filters, and others. In terms of equipment type, the market can be classified into audio signal processing equipment and video signal processing equipment. Based on the number of cores, the market can be segregated into single core and multiple cores. On the basis of applications, the market can be segmented into radio, communication, aerospace and defense, automotive, television, and others.
Geographically, the global signal processing equipment (broadcasting) market can be segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The North America signal processing equipment (broadcasting) market is anticipated to dominate globally due to the high penetration rate of advanced technologies and presence of established players. The U.S. was the first country to broadcast multichannel digital television signals by satellite in 1994. However, Asia Pacific is projected to witness high growth rates as consumers are increasingly inclined to use the latest technology.
Signal processing equipment (broadcasting) has seen advancement as many electronics and semiconductor companies are developing cost-efficient hardware with higher power, more features, and capabilities. Key players in the global signal processing equipment (broadcasting) market focus on product innovation and introduction of new signal processing equipment with advanced technology to sustain in the highly competitive market.
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Other key strategies followed by vendors in the market are mergers and acquisition and collaboration. Major vendors operating in the global signal processing equipment (broadcasting) market include AJA Video Systems, Inc., Broadcast & CableSat, Dynamic Signal Processing Ltd, NXP Semiconductors, Texas Instruments Incorporated, Samsung Electronics Co., Ltd., LSI Logic Corporation, Fujitsu Ltd., Intel Corporation, Heartland Video Systems Inc., Analog Devices, Inc. Apantac LLC, Alcorn McBride Inc., and Alango Technologies, Ltd.
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