The global Set Top Box market size is anticipated to reach
USD 29.78 billion by 2024, according to a new report by Grand View Research,
Inc. Factors, such as a compliance with the stringent regulations mandating the
digitization of cable TV and the subsequent migrations toward digital TV from
analog TV, have increased the global demand for set top boxes.
With an increase in the disposable income and
the emerging middle-class population, the demand for media-rich home
entertainment services is increasing among the consumers. With the growing
demand for interactive digital entertainment services, the set top box industry
is expected to present significant innovative and new revenue generation
opportunities in the near future.
An emerging trend amongst the STB
manufacturers is to provide remote control-less mobile-controlled TV operating
systems, by adopting interfaces developed by companies such as Google, Firefox,
and Roku. These companies utilize dedicated set top box devices for accessing
such contents.Contemporary STBs are being used as content servers, acting as
video sources for various devices including other set top boxes, digital
televisions, personal computers, and other consumer electronics devices.
Browse full research report on Set Top Box
Market: https://www.grandviewresearch.com/industry-analysis/the-global-set-top-box-market
Further key
findings from the report suggest:
- DTT set top box dominated the market,
accounting for over 25% of the global revenue in 2015. Optimum bandwidth
usage through DTT is expected to fuel the demand for such STBs.
- The global market for 4K STB was valued over
USD 350 million in 2015 and is presumed to witness a significant growth in
the near future. The growth can be attributed to the rising in clination
of global population toward ultra-high definition video viewing.
- The Asia Pacific region dominated the overall
market share in 2015 and is expected to retain its dominance over the
forecast period. The increasing consumer acceptance of technologically
advanced products and government regulations mandating cable digitization
across the region are presumed to spur the regional market growth.
- STB Original Equipment Manufacturers (OEMs)
and operators are heavily influenced by regulatory bodies and standard
groups. For instance, to promote consumer electronics interoperability and
retail STB competition, regulatory standards, such as DVB-CI+ in Europe
and CableCARD in North America, are enabling the third-party STB vendors
to become a part of the operator ecosystem.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/the-global-set-top-box-market/request/rs1
Grand
View Research has segmented the Set Top Box market based on product, content
quality, and region.
Set Top
Box Product Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 -
2024)
- IPTV
- Satellite
- Cable
- DTT
- OTT
Set Top
Box Content Quality Outlook (Volume, Thousand Units; Revenue, USD Million;
2014 - 2024)
- SD Set Top Box
- HD Set Top Box
- 4K Set Top Box
Set Top
Box Regional Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 -
2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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