The Europe set-top box market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 1.1% during 2023-2028.
Europe Set-Top Box Market Size in 2022
US$ 4.1 Billion
Europe Set-Top Box Market Forecast in 2028
US$ 4.4 Billion
Europe Set-Top Box Market Growth Rate 2023-2028
A set-top box (STB) aids in connecting a television (TV) to an external signal source and converting analog and digital signals into visuals. It also helps in receiving unencrypted subscribed channels through an addressable system and viewing them as encrypted channels. Additionally, it stores video, enhances sound quality and provides HD pictures. STB also supports video conferencing, home networking, video-on-demand and internet protocol (IP) telephony services. Consequently, it is used to receive digital television broadcasts from cable, satellite and over-the-air (OTA) transmitters in different parts of Europe.
Advancements in digital broadcasting technologies, in confluence with the rising adoption of internet and broadband services and the escalating demand for on-demand video services and HD channels, represent one of the key factors impelling the market growth. Moreover, the increasing demand for next-generation STBs is contributing to market growth. These devices enable multi-room TV networks and portable media players sharing. Furthermore, the key market players are offering hybrid boxes with IP-based Over-The-Top (OTT) services, which is also propelling the market growth. Besides this, the burgeoning media and entertainment (M&E) industry, on account of the coronavirus disease (COVID-19) outbreak and lockdowns imposed by governments of various countries, is anticipated to positively influence the market growth in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe set-top box market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type, resolution, end-user, service type and distribution.
Breakup by Type:
Digital Terrestrial Television (DTT) STB
Internet Protocol (IP) STB
Over-The-Top (OTT) STB
Breakup by Resolution:
HD (High Definition)
SD (Standard Definition)
UHD (Ultra-High Definition)
Breakup by End-User:
Breakup by Service Type:
Breakup by Distribution:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Type, Resolution, End-User, Service Type, Distribution, Country
Germany, France, United Kingdom, Italy, Spain, Others
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Key Questions Answered in This Report
The Europe set-top box market was valued at US$ 4.1 Billion in 2022.
We expect the Europe set-top box market to exhibit a CAGR of 1.1% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for set-top-box devices, as a means of indoor entertainment during the lockdown scenario across several European nations.
The continuous development of advanced set-top box variants that can perform several complex functions, including video conferencing, home networking, video-on-demand, and Internet Protocol (IP) telephony, is primarily driving the Europe set-top box market.
Based on the type, the Europe set-top box market can be segregated into cable STB, satellite STB, Digital Terrestrial Television (DTT) STB, Internet Protocol (IP) STB, and Over-The-Top (OTT) STB. Currently, satellite STB type exhibits a clear dominance in the market.
Based on the resolution, the Europe set-top box market has been divided into HD (High Definition), SD (Standard Definition), and UHD (Ultra-High Definition). Among these, HD (High Definition) currently accounts for the majority of the total market share.
Based on the end-user, the Europe set-top box market can be categorized into residential, commercial, and others. Currently, the residential sector holds the largest market share.
Based on the service type, the Europe set-top box market has been segmented into pay TV and free-to-air, where pay TV currently exhibits a clear dominance in the market.
Based on the distribution, the Europe set-top box market can be bifurcated into online distribution and offline distribution. Currently, offline distribution accounts for the majority of the total market share.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where United Kingdom currently dominates the Europe set-top box market.
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