Set Top Box Market Demand Supply Growth Factors Latest Rising Trend and Forecast to 2028

The “Set Top Box Market” size is projected to reach US$ 25,535.9 million by 2028 from US$ 20,855.1 million in 2022; it is expected to grow at a CAGR of 3.4% from 2022 to 2028.

Since 1080-pixel displays have dominated the market over the past five years, HD and UHD have emerged as the new standard. Given the rising need for dependable content and the flexibility of connecting HD STBs to monitors and TVs, they are a useful addition to watching experiences. The creation of a wide range of STBs with a variety of functions because of technological advancements has increased rivalry among set-top box manufacturers.

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Companies Profiled in this report includes:

  • Advanced Digital Broadcast
  • CommScope Inc.
  • Shenzhen Cozhou Electronics Co., Ltd (Coship)
  • Huawei Technologies Co., Ltd.
  • Humax Holdings
  • Kaonmedia Co., Ltd.
  • Sagemcom
  • Skyworth Group Co., Ltd.
  • Zinwell Corporation
  • Altech UEC
  • Technicolor SA

One of the most popular functions is digital video recording, which allows users to record their favorite shows for watching them later. Additionally, market participants are including new features to make the STB compatible with 5G networks since 5G is being developed throughout many nations.

The set top box market analysis is segmented based on product, content quality, and geography. Based on product, the set top box market growth is categorized into cable, satellite, IPTV, and others. In terms of content quality, the set top box market analysis is segmented into standard definition, high-definition, and 4K. Based on geography, the set top box market growth is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

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Set Top Box Market Segmentation:

By Product:

  • Cable
  • Satellite
  • IPTV

By Content Quality:

  • Standard Definition (SD)
  • High-Definition (HD)

The cable segment dominated in 2021 with largest set top box market share. To ensure less discrepancy in satellite telecasting distribution, the adoption of cable connections is increasing across the globe. Many people consider set-top boxes (STBs) that connect to TVs to be outdated, but their sales are nevertheless rising. Over 300 million STB units were deployed globally in 2021 alone. The gadget/advanced consumer electronics are changing at the same time, opening new use cases and enhancing the user experience with an additional layer of intelligence. Increased computation power, more sophisticated visuals, and machine learning skills are in increasing demand because of changing viewing preferences.

The overall set top box market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the set top box. The process also obtains an overview and market forecast of the set top box market size with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the set top box market.

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