According to the latest report by IMARC Group, titled “Set-Top Box Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global set-top box market reached a value of US$ 22.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.2 Billion by 2027, exhibiting a CAGR of 1.75% during 2022-2027. A set-top box refers to the device that receives, interprets and displays the digital signal on a television. It converts a digital television signal into an analog signal, which can be viewed on a conventional television set. It allows access to various types of audio and video content that is received via telephone or cable connection. It is generally equipped with a random access memory (RAM), power supply system, decoder, audio and video interference system, a front panel and end flash and radio frequency (RF) modulator, software drivers and hardware blocks. Some of the popular variants of set-top boxes available in the market include high-definition television (HDTV) tuners, DirectTV receivers, All-in-one receivers, and Cable HDTV receivers.
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Covid-19 Outbreak Analysis:
The rapid outbreak of coronavirus disease (COVID-19) and the subsequent lockdown restrictions have negatively impacted the set-top box market across the globe. The mandatory closure of retail shops and home delivery services adversely affected the sales of set-top boxes during the onset of the pandemic. However, with the gradual easing of restrictions across the globe, multiple key players are partnering with local manufacturers for the domestic manufacturing of set-top boxes to tackle the supply chain disruption.
Global Set-Top Box Market Trends:
The global market is primarily driven by the rising penetration of high-speed internet connectivity. Additionally, the increasing popularity of over-the-top (OTT) platforms among individuals has encouraged key players to collaborate with leading production companies, including Amazon Prime, Netflix and Hotstar, to gain a competitive edge, thereby creating a positive market outlook. Besides this, the widespread popularity of on-demand video services and high-definition (HD) channels are also significantly supporting the product demand across the globe. Moreover, the growing investments by leading players in product innovations have led to the launch of a vast range of set-top boxes integrated with various features, such as digital video recording and Bluetooth connectivity, which are further gaining prominence among customers.
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Global Set-Top Box Market 2022-2027 Analysis and Segmentation:
Competitive Landscape With Key Players:
- ARRIS International
- HUMAX Electronics
- DISH Network
- Huawei Technologies Co.
- Apple Inc.
- Google Inc.
- Samsung Group
- EchoStar Corporation
- Skyworth Digital
Also Read Blog: Top Set-Top Box Companies in World
Breakup by Type:
- Cable STB
- Satellite STB
- Digital Terrestrial Television (DTT) STB
- Internet Protocol (IP) STB
- Over-The-Top (OTT) STB
Breakup by Resolution:
- HD (High Definition)
- SD (Standard Definition)
- UHD (Ultra-High Definition)
Breakup by End-User:
Breakup by Service Type:
Breakup by Distribution:
- Online Distribution
- Offline Distribution
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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