Increasing Penetration of Digital Television Globally to Drive the Set-top Boxes MarketPublished Date: September 2, 2020 |
According to a recently published report by Research Corridor, the global set-top boxes market is expected to grow at the CAGR of over 3% during the forecast period 2020 – 2027. The global set-top boxes market is segmented on the basis of type, video resolution and geography. The report on global set-top boxes market (by type, video resolution and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Set-top Boxes Market: Global Industry Size, Growth, Share and Forecast to 2027 report at https://www.researchcorridor.com/set-top-box-market/
Set-top boxes refers to hardware device that enables a digital signal to be received decoded and accessed by the user. These can be designed for use across various applications including digital television, internet protocol television (IPTV) and digital radio systems. With the rapid growth in the overall digital television sector, the set-top boxes market has witnessed profound growth in the past few years. Due to nearing deadlines of television digitization across regions such as Asia Pacific, MEA and Latin America, the set-top boxes market is set to witness high growth in the following few years.
Another major factor propelling the market growth is the growing inclination towards advanced digital television services such as high definition (HD) and ultra-high definition (UHD) services. The replacement trend (from standard definition to its upgrade) is projected to continue during the forecast period, thereby driving the demand for new set-top boxes.
The global set-top boxes market is highly dynamic in nature, resulting into strong market competition. Market players strive to introduce new features that facilitate and enhance the overall user experience. Some of the popular features being introduced in set-top boxes are video-on-demand (VOD) support, video recording and internet connectivity. Continual advancement in the digital television sector would ensure a competitive environment for the set-top boxes vendors.
Scope of the report
- Global Set-top boxes Market, by Type, 2018–2027 ($ Million)
- Cable Television STB
- Satellite Television STB
- IPTV STB
- Hybrid STB
- Global Set-top boxes Market, by Application, 2018–2027 ($ Million)
- Standard Definition (SD)
- High Definition (HD)
- Others (UHD, 8K)
- Global Set-top boxes Market, by Geography, 2018–2027 ($ Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America (LATAM)
- Rest of Latin America
- Middle East & Africa (MEA)
- Rest of Middle East & Africa
- North America
- Company Profiles
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- HUMAX Co., Ltd.
- Technicolor SA
- ARRIS Group, Inc.
- Apple, Inc.
- ADB SA
- EchoStar Corporation
- Kaonmedia Co., Ltd.
- Sagemcom SAS
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- Increasing Penetration of Digital Television Globally to Drive the Set-top Boxes Market