Global Set-Top Box Market Overview And Prospects – Includes Set-Top Box Market Share
Learn about the global set-top box market through The Business Research Company, which provides information on set-top box market size, set-top box market drivers and restraints, set-top box market players, the COVID-19 impact on the set-top box market, and more.
The global set top box market size is expected to grow from $22.77 billion in 2021 to $24.80 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global set-top box market size is expected to grow to $31.73 billion in 2026 at a CAGR of 6.4%.
The rising internet and broadband penetration are expected to propel the growth of the set-top box market going forward.
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The set-top box market consists of sales of the set-top boxes by entities (organizations, sole proprietors, partnerships) that are used for TV sets to receive and decode digital television (DTV) broadcasts and are also used for the conversion of analog television sets to receive digital broadcasts. A set-top box is a hardware device that receives, decodes, and displays digital signals on a television. The signal, which might be either television or Internet data, is received by cable or telephone. The set-top box might deliver more channels than the television’s native channel numbering system and choose the channel a user wanted to watch from a slew of signals that included data for a variety of channels.
Global set-top box market segments include:
By Type: Cable, Satellite, IPTV or OTT, Hybrid
By Resolution: High-definition (HD), Standard Definition (SD), Ultra HD
By Service Type: PayTV, Free-to-Air
By Distribution: Online, Offline
By End-User: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the set top box market in 2021
The introduction of hybrid set-top boxes has emerged as the key trend gaining popularity in the set-top box market. Major companies operating in the set-top box sector are developing unique and advanced products to provide the best services and meet consumer demand.
Major Market Players: ADB Technology, Humax, Sagemcom SAS, Samsung Electronics Co. Ltd., Technicolor SA, Huawei Technologies Co. Ltd., ARRIS International, EchoStar, Aferian plc, Commscope Inc, Guangdong Hybroad Vision Electronics Technology Company Ltd, KAONMEDIA, Mybox, Shenzhen Coship Electronics Co. Ltd., Sercomm Corporation, SEI Robotics Co. Ltd, Skyworth Group Co., Sumitomo Electric Industries Ltd, TechniSat, Kaonmedia Co. Ltd., DISH Network Corporation, Roku Inc., Apple Inc, Vishay Intertechnology Inc, and Coship Electronics Co. Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Set-Top Box Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides set-top box market overviews, analyzes and forecasts market size, share, set-top box market players, set-top box market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s set-top box market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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