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The Europe set-top box market is currently witnessing steady growth. 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. On account of these factors, IMARC Group expects the market to exhibit stable growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe set-top box market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, type, resolution, end user, service type and distribution.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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