Set-Top Box Market Introduction
A set-top box is an electronic device that allows TV set to receive, decode and display digital signals on the screen. The signal can be internet data, satellite signal or TV signal received via telephone or cable connection. Set-top box has become a necessary component for TV viewers to make their analog TV sets to receive digital broadcasts. Introduction of favorable government regulations in both developed and developing regions is boosting the growth of the set-top box market across the globe. Also, increasing uptake of TVs among the middle-income group and in the rural area is projected to fuel the growth of the market over the forecast period. Further, increasing consumer preference for high-quality video and uninterrupted service encouraging key vendors operating in the global set-top box market to come up with advanced and cost-effective productions to enhance customer base and market share. However, availability of low cost and counterfeit products is expected to hamper the growth of the set-top box market especially in Asia Pacific, Latin America, and Africa to some extent.
The global set-top box market has been tracked and analysed based on various segments including product type, resolution, and distribution channel. Based on product type the market is segmented into cable set-top boxes, IPTV set-top boxes, satellite set-top boxes, and OTT (Over the Top) devices. The set-top box market is classified based on resolution into standard-definition set-top boxes, high-definition set-top boxes, and UHD set-top box. Distribution channel studied in the market are offline and online retail stores.
Major geographies analyzed in the set-top box market are North America, Asia Pacific, Latin America, Western Europe, Eastern Europe, and Middle East and Africa. Among regions, currently, Asia Pacific is one of the leading regional markets in terms of set-top box deployment rate and revenue generation. This growth is mainly driven by the introduction of supportive government regulation in the major Asian countries. In terms of value, other lucrative regional markets in the global set-top box market are North America and Western Europe. Growing adoption of HD TVs in these regions are increasing the uptake of HD and UHD set-top boxes.
Set-Top Box Market Competitive Landscape
Key players operating in the global set-top box market are Humax Co., Ltd., Kaonmedia Co., Ltd., Huawei Technologies Co., Ltd., ADB (Advanced Digital Broadcast) SA, Samsung Electronics Co. Ltd., Sagemcom SAS, Technicolor SA, ARRIS Group, Inc., EchoStar Corporation, and Skyworth Group. Major set-box manufacturers are concentrating on increasing customer reach through enhancing their existing offline and online distribution network.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on set-top box market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.