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The global set-top box market reached a value of US$ 22.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.2 Billion by 2027, exhibiting a CAGR of 1.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A set-top box (STB), also known as a set-top unit, is a hardware device that receives, decodes and displays signals from digital television (DTV) broadcasts on a television. It is necessary for television viewers who use analog television sets to receive digital broadcasts. It is also used in cable, satellite, and over-the-air (OTA) television systems. In addition, STB also includes a web browser, RAM, MPEG decoder chip and an operating system that coordinate access to files, programs, interfaces and services. It can also perform complex functions such as video conferencing, home networking, video-on-demand and internet protocol (IP) telephony.
The growing digitization of television networks and advancements in digital broadcast technologies are the key factors driving the growth of the market. Consumers are increasingly demanding seamless, high-quality video streaming along with value-added services such as channel pack subscriptions, HD channels and interactive videos. Additionally, there has been widespread adoption of set-top boxes in recent years. The increasing affordability of smart TVs coupled with the rapid proliferation of Over the Top (OTT) media services has allowed the viewers to access the content of their choice without paying an additional fee. Moreover, various technological advancements such as the introduction of motion sensors, Bluetooth connectivity, IOT (Internet of Things) integration along with support for interactive gaming platforms, virtual reality and artificial intelligence have significantly driven the demand for the product. Furthermore, factors such as the implementation of governmental policies mandating the installation of set-top boxes in several countries along with rising disposable incomes are also positively impacting the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global set-top box market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, resolution, end-user, service type and distribution.
Breakup by Type:
Breakup by Resolution:
Breakup by End-User:
Breakup by Service Type:
Breakup by Distribution:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being ARRIS International, HUMAX Electronics, DISH Network, Roku, Huawei Technologies Co., Technicolor, Apple Inc., Google Inc., Samsung Group, EchoStar Corporation, Shenzhen Skyworth Digital Technology Co. Ltd., etc.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Resolution, End-User, Service Type, Distribution, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | ARRIS International, HUMAX Electronics, DISH Network, Roku, Huawei Technologies Co., Technicolor, Apple Inc., Google Inc., Samsung Group, EchoStar Corporation and Shenzhen Skyworth Digital Technology Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global set-top box market was valued at US$ 22.6 Billion in 2021.
We expect the global set-top box market to exhibit a CAGR of 1.75% during 2022-2027.
Rapid digitization of television networks, coupled with numerous advancements in digital broadcast technologies, are some of the key factors catalyzing the global set-top box market.
With the sudden outbreak of COVID-19, the online sales of set-top box have increased due to the upsurge in TV viewership based on introduction of stay-at-home orders. Although, the implementation of stringent lockdown regulations across various nations resulted in disrupted supply chains and temporary closure of numerous manufacturing units of set-top box.
Based on the type, the global set-top box market can be bifurcated into satellite STB, cable STB, digital terrestrial television (DTT) STB, internet protocol (IP) STB, and over-the-top (OTT) STB. Among these, satellite STB currently account for the largest market share.
Based on the resolution, the global set-top box market has been segmented into high definition, standard definition, and ultra-high definition, where high definition (HD) holds the largest market share.
Based on the end-user, the global set-top box market can be categorized into residential, commercial, and other sectors. Among these, the residential sector is leading the global market.
Based on the service type, the global set-top box market has been divided into payTV and free-to-air. Currently, payTV exhibits a clear dominance in the market.
Based on the distribution, the global set-top box market can be segregated into online distribution and offline distribution. Currently, offline distribution account for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global set-top box market include ARRIS International, HUMAX Electronics, DISH Network, Roku, Huawei Technologies Co., Technicolor, Apple Inc., Google Inc., Samsung Group, EchoStar Corporation, Shenzhen Skyworth Digital Technology Co. Ltd., etc.
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