Registering a CAGR of 5.3% over the forecast period of 2022-2027, the global set-top box market is anticipated to reach the market value of US$ 309.6 million units in the year 2027 from US$ 228.3 million units in the year 2020.
A set-top box which also called STB is a hardware device which receives, decodes and then displays signals from digital television broadcasters on a television. It is essential for TV viewers using analogue television sets in order to receive digital broadcasts. It is also used in satellite, cable and over the air (OTA) television systems. Furthermore, STB also includes a web browser, MPEG decoder chip, RAM and operating system which coordinate access to files, interfaces, programs and services. It is also able perform complex functions like home networking, video conferencing, video-on-demand and internet protocol telephony.
Demand for STBs with a variety of ground-breaking capabilities has increased as a result of technological advancements. One of the most recent technological advancements is the inclusion of motion sensors and cameras in STBs. Additionally, some STB processors now include Bluetooth connectivity, allowing users to connect to their STBs via a gesture-recognition remote control. Vendors can expand their customer base by providing additional functionality and expanded services, as well as delivering equivalent capabilities at a reduced cost. Huawei, for example, sells low-cost STBs in emerging economies like Zimbabwe and India, where cable digitization is required by law.
Top Key players in the Set-Top Box (STB) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Set-Top Box (STB) Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Arris (Pace), Technicolor (Cisco), Echostar, Apple, Huawei, Humax, Sagemcom, Skyworth Digital, Samsung, Jiuzhou, ZTE, Changhong, Coship, Yinhe, Roku, Unionman, Netgem, Hisense and others.
Global Set-Top Box (STB) Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
By Type, Set-Top Box (STB) Market has been segmented into
By Applications, Set-Top Box (STB) Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Set-Top Box (STB) Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
In 2020, the Asia Pacific region held the greatest market share of over 40.2%, and it is likely to continue to do so throughout the forecast period. The increased consumption of media and entertainment material, particularly among the region's middle-class population, bodes well for regional market growth. Over the projected period, product demand is expected to be driven by rising public awareness of technologically advanced products and the benefits offered by technologically advanced products in terms of features, quality, and inexpensive pricing when compared to traditional set-top boxes. The market's growth is likely to be aided by the increasing OTT media services market. Many well-known manufacturers, such as Kaonmedia, are based in Asia Pacific.
Report Attributes | Report Details |
Report Title | Set-Top Box (STB) Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Arris (Pace), Technicolor (Cisco), Echostar, Apple |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.3 % over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Arris (Pace), Technicolor (Cisco), Echostar, Apple, Huawei, Humax, Sagemcom, Skyworth Digital, Samsung, Jiuzhou, ZTE, Changhong, Coship, Yinhe, Roku, Unionman, Netgem, Hisense |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 117 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Set-Top Box (STB) Market?
Arris (Pace), Technicolor (Cisco), Echostar, Apple, Huawei, Humax, Sagemcom, Skyworth Digital, Samsung, Jiuzhou, ZTE, Changhong, Coship, Yinhe, Roku, Unionman, Netgem, Hisense
What regions does this Set-Top Box (STB) Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Set-Top Box (STB) Market?
Digital Cable, Satellite digital, Terrestrial digital, IPTV, Others
What are the major end-use applications of the Set-Top Box (STB) Market?
Residential Use, Commercial Use
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GLOBAL SET-TOP BOX (STB) MARKET, BY TYPES
GLOBAL SET-TOP BOX (STB) MARKET, BY APPLICATION
GLOBAL SET-TOP BOX (STB) MARKET, BY REGION
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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