The Global Set Top Box (STB) 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.
In depth research report on Set Top Box
(STB) 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.
Grand View Research
has segmented the Set Top Box (STB) market based on product, content quality,
and region.
Global Product Outlook (Volume,
Thousand Units; Revenue, USD Million; 2014 - 2024)
·
IPTV
·
Satellite
·
Cable
·
DTT
·
OTT
Global Content Quality Outlook
(Volume, Thousand Units; Revenue, USD Million; 2014 - 2024)
·
SD Set Top Box
·
HD Set Top Box
·
4K Set Top Box
Regional Outlook (Volume, Thousand
Units; Revenue, USD Million; 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
MEA
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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