Set-top boxes (STBs) are devices that connect TVs to an external signal source and transform the signal into video content that is displayed on the television screen. The term set-top box refers to devices used to transform a signal, from either cable or satellite, to connect a television with some external broadcasted signal source. The set-top box modulates broadcasted signals into audiovisual content that can either be displayed on a monitor or recorded. The global Set-Top Box Market was valued at around US$ 17 Bn in 2017, and is expected to register a CAGR of 4.3%.
Global Set-Top Box Market: Dynamics
A major factor driving growth of the global set-top box market is increasing popularity of high definition (HD) channels among consumers, coupled with increasing adoption of smart TVs. In addition, rising awareness pertaining to Internet-based set-top box devices such as IPTV and OTT, as well as increasing development and introduction of innovative products such as 4K UHD TVs, 3D smart interactive TVs, and OLED TVs are some factors further fueling growth of the global set-top box market.
Furthermore, increasing penetration of smart television units and value added services in urban as well as rural areas globally is further expected to boost revenue growth of the target market over the forecast period.
However, rising adoption of smart TVs, Apple TVs, 4K TVs, IPTV services, coupled with development of high-speed broadband infrastructure in developing countries is expected to create potential revenue opportunities for players in the target market.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application and region/country: The product type segment includes digital cable, satellite digital, terrestrial digital, IPTV, and over-the-top. The application segment includes residential and commercial. The regions/countries include the US, Europe, China, India, Japan, and Southeast Asia, South America, South Africa and Rest of the world.
By product Type: the satellite digital segment accounted for highest revenue share contribution in 2017, as compared to other product type segment. The IPTV segment is expected to register highest CAGR of over 5% between 2018 and 2027
By Application: The residential segment accounted for highest revenue share contribution in 2017, as compared to other application segment, and is expected to register highest CAGR of over 4.2% between 2018 and 2027
By Region: The market in China accounted for highest revenue share in the global set-top box market in 2017, and in expected to register a CAGR of over 4.0% between 2018 and 2027.
Global Set-Top Box Market: Competitive Analysis
The research report on the global set-top box market includes profiles of some of the major companies such as ARRIS International plc., Technicolor SA, Apple Inc., EchoStar Corporation, HUMAX HOLDINGS Co., Ltd. (HUMAX Electronics Co., Ltd.), SAGEMCOM SAS, Samsung Electronics Co. Ltd., Roku, Inc., Skyworth Digital Holdings Ltd., and Huawei Investment & Holding Co., Ltd. (Huawei Technologies Co., Ltd.)
The Global Set-Top Box Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Global Set-Top Box Market for 2017–2027.
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