1. Home
  2. > Electronics
  3. > Consumer Electronics
  4. > Audio and Video Equipment Market Trends
Set Top Box Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product, and Content Quality

Set Top Box Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product, and Content Quality

  • July 2022
  • 168 pages
  • ID: 6316341
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The set top box market size is projected to reach US$ 25,535.9 million by 2028 from US$ 20,855.1 million in 2022; it is expected to grow at a CAGR of 3.4% from 2022 to 2028.

Since 1080-pixel displays have dominated the market over the past five years, HD and UHD have emerged as the new standard.Given the rising need for dependable content and the flexibility of connecting HD STBs to monitors and TVs, they are a useful addition to watching experiences.

The creation of a wide range of STBs with a variety of functions because of technological advancements has increased rivalry among set-top box manufacturers.One of the most popular functions is digital video recording, which allows users to record their favorite shows for watching them later.

Additionally, market participants are including new features to make the STB compatible with 5G networks since 5G is being developed throughout many nations.

The set top box market analysis is segmented based on product, content quality, and geography.Based on product, the set top box market growth is categorized into cable, satellite, IPTV, and others.

In terms of content quality, the set top box market analysis is segmented into standard definition, high-definition, and 4K. Based on geography, the set top box market growth is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

The cable segment dominated in 2021 with largest set top box market share.To ensure less discrepancy in satellite telecasting distribution, the adoption of cable connections is increasing across the globe.

Many people consider set-top boxes (STBs) that connect to TVs to be outdated, but their sales are nevertheless rising.Over 300 million STB units were deployed globally in 2021 alone.

The gadget/advanced consumer electronics are changing at the same time, opening new use cases and enhancing the user experience with an additional layer of intelligence. Increased computation power, more sophisticated visuals, and machine learning skills are in increasing demand because of changing viewing preferences.
In 2019, Europe held the second position in the global market with a substantial revenue share, and it is anticipated to grow at a steady rate from 2022 to 2028.Developments in digital broadcasting technology, combined with a rise in internet and broadband penetration and an increase in demand for on-demand video services and HD channels, are driving the industry.

Moreover, the rising demand for next-generation STBs is contributing to the STB’s growth.These appliances allow multi-room TV networks and portable media players to be shared.

Furthermore, main market players have hybrid boxes with IP-based over-the-top (OTT) services, which are also driving the set top box market.

In terms of set top box market share, Europe accounted for the second-largest position in 2021, whereas the Asia Pacific set top box market is expected to grow at the highest CAGR during the forecast period.Based on country, the Europe set top box market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.

The increasing adoption of digitalization across the European region is not only influencing different industries to maximize their capabilities but also experiencing high adoption of advanced solutions across the broadcasting sector of the region. This is helping the industry to enhance its distribution channel and increase profitability by expanding the platforms of distribution.
The demand for set-top boxes in Europe is currently experiencing steady growth.A set-top box helps connect a TV to an external source of the signal and transform analog and digital signals into visuals.

It also helps receive—via an addressable device—unencrypted subscribed channels and display them as encrypted channels.Furthermore, it stores video, improves sound quality, and offers high-definition (HD) images.

STB also supports telephony services for video conferencing, home networking, video-on-demand, and internet protocol (IP). It is also used in various parts of Europe to receive digital television transmissions from cable, satellite, and over-the-air transmitters.

COVID-19 Impact on Set Top Box Market

Due to the COVID-19 outbreak and subsequent lockdowns across almost all major countries in Europe, the region observed a rise in the TV viewing population.Thus, the rise in time spent watching TV is expected to positively impact the set top box market.

However, owing to the containment measures for the outbreak, the manufacturing of the set-box across the region and its distribution were affected negatively. Thus, owing to the above-mentioned factors, the set-top market is expected to be moderately affected over the forecast period.

Increased interest in internet-based set-top boxes like Internet Protocol Television (IPTV) and over-the-top (OTT) has increased the product demand, particularly in developing nations where the population of tech-savvy individuals is growing quickly.Following the COVID-19 pandemic, which caused many individuals to exercise from home, fitness applications have started to appear on DTVs and STBs.

This new development gave hybrid STB adoption a significant window of opportunity, along with the rise of AI-based STB. Along with an always-on speech subsystem for voice commands and digital assistant functions, this is anticipated to aid in the region’s set top box market’s steady recovery.

The key global set top box market players profiled in the market study include Humax, Technicolor, Huawei, Sagemcom, and Coship. The STB industry is highly fragmented, with several set top box market players localized in a specific region to cater to domestic demand.

The overall set top box market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the set top box.

The process also obtains an overview and market forecast of the set top box market size with respect to all the market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the set top box market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

4K Set-Top Box Market Research Report by Product, Technology, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 243 pages

4K Set-Top Box Market Research Report by Product (Cable STBs, Hybrid STBs, and IP STBs), Technology, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast ...

  • World
  • Television Set
  • TV Broadcasting
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on