Set-Top Box - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Set-Top Box Market is accounted for $21.31 billion in 2020 and is expected to reach $32.71 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Growing digitization of television networks, advancements in digital broadcast technologies and government regulations mandating the installation of set-top-boxes are driving the market growth. However, increasing cost of production and end-user consolidation is hampering the growth of the market.
A set-top box (STB) is a device comprising a tuner in it that captures an external source of the signal and throws it to the television set for a great quality picture. A set-top box is essential to continue receiving the signals in the digital format. A set-top box (STB), also colloquially known as a cable box, is an information appliance device that usually contains a TV-tuner input and displays output to a television set and an external source of the signal, converting the source signal into content in a form that can then be displayed on the television screen or other display device. They are utilized in satellite television, cable television and over-the-air television systems as well as other uses.
Based on the type, the over the top (OTT) segment is going to have lucrative growth during the forecast period owing to significant technological advancements in the OTT industry. OTT provides enhanced features, such as reduced time-to-content, simplified payment methods, and accessible time-shifted viewing. By geography, Asia Pacific is going to have high growth during the forecast period due to rising penetration of digital entertainment among the rural and urban populations across the region.
Some of the key players profiled in the Set-Top Box Market include Advanced Digital Broadcast, Aventsecurity, Altech Multimedia (Pty) Ltd. (Altech UEC), Arris International, Coship Electronics, Echostar Corporation, Huawei, Humax, Shenzhen Jiuzhou Electric, KaonMedia, LG CNS, Netgem, Sagemcom, Samsung Electronics and Sky plc.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 32.71 million
Tables, Graphs & Figures
Type, Service Type, Service, Recording, Content Quality, Application, End User, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Digital Terrestrial Television (DTT)
• Internet Protocol Television (IPTV)
• Over the Top (OTT)
• Satellite/Direct-to-Home (DTH)
Service Types Covered:
• Managed Services
• Interaction Services
• Digital Video Recorder (DVR)
• Non-Digital Video Recorder (DVR)
Content Qualities Covered:
• Standard-Definition (SD)
• High-Definition (HD) & Full High-Definition (HD)
• 4K & Above/ Ultra-HD and Higher
• Cloud Services
• Media Content
• Web Content
End Users Covered:
Sales Channels Covered:
• Direct Selling
• Retail Outlets
• Third-Party Distributors
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Set-Top Box Market is majorly driven by growing digitization of television networks, advancements in digital broadcast technologies and government regulations mandating the installation of set-top-boxes.
The over the top (OTT) segment is growing at a highest CAGR owing to advances in technology and allowing broadcasters to deliver improved sound quality and high-resolution picture quality.
Asia Pacific dominated with a significant market share due to the factors such as rising consumption of media and entertainment content, especially by the middle-class population across the region.
South America market is growing at a highest CAGR owing to the paradigm shift in media consumption preference in the wake of the outbreak of the COVID-19 pandemic.
Key players in Set-Top Box Market include Advanced Digital Broadcast, Aventsecurity, Altech Multimedia (Pty) Ltd. (Altech UEC), Arris International, Coship Electronics, Echostar Corporation, Huawei, Humax, Shenzhen Jiuzhou Electric, KaonMedia, LG CNS, Netgem, Sagemcom, Samsung Electronics and Sky plc.
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