September 30, 2019

Set Top Box Market Report | Industry Size, Share and Forecast To, 2025

The Set Top Box Market research report is a written presentation of clear and accurate detailing of findings and recommendations that will aid in decision-making. The element of the report includes market size, driver, challenges, restraints, trends, emerging opportunities, and competitive panel along with their share for the forecast timeline of 2018-2025. Therefore, this report reflects and summarizes the entire market condition in terms of demand and supply.

A set top box is an appliance that receives digital signals, decodes and displays it on the television screen. The signals can be either television signals or internet data signals and are received via telephone connection or cable connection. Growing digitization has led to higher 3D creation for both urban and rural consumers. Owing to it consumers have been installing set top boxes and have access towards high definition picture and sound quality. This factor has been the major factor for the growth of this market.

The major market drivers are growing demand for HD channels has reduced the prices of smart TVs, global digital television transition and growing attraction towards high-quality picture and sound. The market growth might be restricted due to the procurement costs and associated costs of pay channels and shortage and supply backlogs due to a sudden increase in demand owing to mandatory cable digitization under the study period.

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North America is estimated to be the largest market with a growing demand for internet protocol TV and increased demand for high-speed broadband support. Asia Pacific is estimated to be the fastest-growing market owing to factors such as government initiatives taken to focus on high definition pictures, growing attraction towards HD channels and decline in TV prices has led to the growth of this market. Manufacturers in this market have also stepped into e-commerce retailers such as Ali Express, Amazon, Flipcart etc. which has propelled the growth of this market.

Set Top Box Market

Companies in this market have been focusing on new product launches to help them increase their market share. Recently, Xiaomi released a new 4K android customized set top box for the U.S market. The Mi Box, tailor-made for the US market, allows consumers to stream internet video or play Android games on television, and provides accesses to various video providers as well as Google Play games.

The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as ADB, Amazon, Coship, Echostar, Huawei, HUMAX, Skyworth, and Technicolor. In terms of geography, the set top box market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.

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