Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Asia Pacific Set-Top Box Market
Asia Pacific Set-Top Box Market to Grow at 1.7% During 2024-2032, Spurred by Rapid Urbanization
November 18, 2022
| Technology & Media
The latest report by IMARC Group, titled “Asia Pacific Set-Top Box Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” finds that the Asia pacific set-top box market is expected to exhibit a CAGR of 1.7% during the forecast period (2024-2032). A set-top box (STB), also known as a set-top unit, is an electronic device that receives digital transmissions and decodes audio and video programs to display them on televisions (TVs). It is a complex embedded system that connects the external source of signals to the television and converts them into content. It includes various features such as recording, video on demand, full high-definition (HD) Video output, and time shift mode viewing. It also supports two-way communication, allowing interactive features, including adding premium channels directly from the device or accessing the Internet. Moreover, it enables users to access multiple TV delivery methods, like the Internet, satellite, terrestrial, and cable. As a result, set-top boxes are widely adopted in residential and commercial sectors across the Asia Pacific region.
Asia Pacific Set-Top Box Market Trends:
The market is primarily driven by rapid urbanization, inflating disposable incomes of individuals, and the escalating demand for media-rich home entertainment services. Moreover, the rising utilization of Over the Top (OTT) and value-added services, including high-definition (HD) channels, interactive videos, and channel pack subscriptions, are providing a positive thrust to the market growth. Besides this, the growing integration of the Internet of Things (IoT), gaming platforms, virtual reality (VR), artificial intelligence (AI), motion sensors, and Bluetooth connectivity represent another major growth-inducing factor. Along with this, with the sudden outbreak of coronavirus disease (COVID-19) and lockdowns, individuals are spending more time indoors, thereby escalating the demand for media and entertainment services which is propelling the market growth. Apart from this, the introduction of hybrid set-top boxes, which support Internet Protocol (IP)-based and broadcasting video and encourages users to view digital cable programming along with videos from the local IP network or Internet, is augmenting the market growth. Furthermore, government authorities are taking various initiatives to promote the installation of set-top boxes across Asian countries, which is also creating a positive market outlook across the region.
Market Summary:
- Based on the type, the market has been segmented into cable, satellite, digital terrestrial television (DTT), Internet protocol (IP), and over-the-top (OTT) STBs.
- On the basis of the resolution, the market has been divided into high definition (HD), standard definition (SD), and ultra-high definition (UHD).
- Based on the end user, the market has been segregated into residential, commercial, and others.
- On the basis of service type, the market has been bifurcated into pay TV and free-to-air.
- Based on the distribution, the market has been classified into online and offline distribution.
- Region-wise, the market has been divided into China, Japan, India, South Korea, Australia, Indonesia, and others.
- The competitive landscape of the market has also been examined in the report, along with the detailed profiles of key players operating in the industry.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Resolution, End User, Service Type, Distribution, Country |
| Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| 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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More