The global set-top box market is expected to grow at a significant CAGR of 4.1% during the forecast period (2024-2031). The major factors contributing to the growth of the global set-top box market include rising internet penetration and on-demand video services with demand for HD channels. According to the data of the International Telecommunication Union (ITU) 2020, more than 51% of the total population globally, or 4 billion individuals were using the internet, in 2019. Additionally, the rising demand for television will propel the growth of the market.
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A set-top box, sometimes known as a set-top unit, is a device that is specifically intended to show, receive, and decode digital signals on television. These signals can be either internet data or television signals, and they can be received through phone or cable. They often offer a greater number of channels than traditional cable systems, along with the ability for users to filter channels according to their own needs and requirements. These set-up boxes offer a variety of content quality options, including standard definition, high definition, and ultra-high definition.
The key players contributing to the growth of the global set-top box market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include Commscope (ARRIS International plc), Coship Electronics Co. Ltd., Huawei Technologies, Kaonmedia Co. Ltd., Sagemcom SAS, among others. For instance, in August 2021, Tata Sky announced its Made in India set-top boxes. The set-top boxes were built in India in collaboration with Technicolor Connected Home and Flextronics. In June 2021, Technicolor Connected Home began mass manufacturing of the set-top boxes designed for Tata Sky in collaboration with Flextronics in Chennai.
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Market Coverage
- Segment Covered-
o By Product
o By Content Quality
- Competitive Landscape- Commscope (ARRIS International plc), Coship Electronics Co. Ltd., Huawei Technologies, Kaonmedia Co. Ltd., Sagemcom SAS, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Set-Top Box Market- Segmentation
By Product
- IPTV
- Satellite
- Cable
- DTT
- OTT
By Content Quality
- HD and Full HD
- 4K and Above
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