Set Top Box Market size was valued at US$ 24.39 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.9% through 2023 to 2029, reaching nearly US$ 31.88 Bn.Set Top Box Market Overview:
The demand for Set Top Box is expected to rise as more people adopt digital terrestrial television broadcasting, BS digital broadcasting, and CATV broadcasting. During the forecast period, an increase in awareness of Internet-based STB devices such as IPTV and OTT is expected to provide significant potential for the global set-top box market to rise. Cable, Satellite, Digital Terrestrial Television, Internet Protocol, and Over-The-Top Content are the types of the set-top box. Residential and Commercial are the end-users of a set-top box.To know about the Research Methodology :- Request Free Sample Report
Set Top Box Market Dynamics:
With rising disposable income and a growing middle-class population, consumer preferences for media-rich home entertainment services are on the rise. As a result, the market players are seeing new opportunities as demand for next-generation Set-Top Boxes (STBs) that can manage internet-based services, Video on Demand (VoD), and television transmission grows. Following the onset of the COVID-19 pandemic, the media landscape is also experiencing a shift, mostly due to the development and integration of digital technologies. As a result, major businesses are focusing on implementing cutting-edge technologies to replace traditional setups. Individuals are spending a significant amount of time indoors as a result of the lockdowns imposed in some countries as part of the measures to prevent the spread of coronavirus, which is fuelling demand for media and entertainment services. During the forecast period, these changing patterns are expected to fuel the rise of VoD and OTT usage and enable significant revenue growth. The set-top box market is being driven by the digitalization of television technologies. The set-top box market is estimated to rise due to the advent of smart televisions with high-definition content. Another factor expected to enhance the global set-top box market's growth is the requirement of high content viewing at homes. Furthermore, IP transmission recording features and developed storage standards are boosting the global set-top box market forward.Set Top Box Market Segment Analysis:
Based on the Type, the market is segmented into Cable, Satellite, Digital Terrestrial Television, Internet Protocol, and Over-The-Top Content. The Cable Set-Top Box segment is expected to hold the largest market share of xx% by 2029. Over the last decade, the cable segment has dominated the market due to the widespread adoption of cable STBs in developing countries across the Asia Pacific. Government obligations for cable digitization, as well as the benefits of cable TV, such as improved channel carrying capacity, are driving product demand even higher. Several cable service providers are increasing their technology and service offerings after realizing that cable TV remains the most popular medium for raising awareness and conveying messages among the general public. Based on the Application, the market is segmented into Standard Definition, High Definition, and Others. The high Definition segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the benefits that High Definition (HD) boxes may provide, such as increased sound and picture quality and exclusive channels; they are progressively replacing traditional SD boxes. The greater availability of HD services enabled by these TV sets has resulted from the increased sales of smart TVs and 8K TV sets, which bodes well for the segment's growth during the forecast period.Set Top Box Market Regional Insights:
The Asia Pacific dominates the Global Set-Top Box market during the forecast period 2023-2029. The Asia Pacific is expected to hold the largest market shares of xx% by 2029. Consumers across the region are increasingly seeking connectivity from their electronic gadgets, and set-top boxes are playing a vital part in the interaction of products, making the region the market leader. Government rules requiring the digitization of cable networks in growing economies such as India and China are also expected to drive Set Top Box demand in the region. During the forecast period, some advances in telecom and broadcast technologies, such as the launch of cloud-enabled and 4K services, are expected to continue to boost demand for next-generation hybrid STBs. To drive market growth, global service providers are expected to focus more on lifecycle and logistical difficulties such as testing and integration, as well as the future 4K and HDR colour set-top boxes. These are the major drivers that boost the growth of this region in the global market during the forecast period 2023-2029. South America is expected to grow rapidly at a CAGR of 3.9% during the forecast period 2023-2029. High internet speeds have been achieved across the region as a result of fierce rivalry among regional internet service providers. Various government-approved digitization projects have sparked demand for advanced set-top boxes at the same time. Other important factors expected to fuel the market growth during the forecast period are efforts being undertaken by various governments for the total digitization of Pay TV services and a major shift in media consumption choice in the midst of the COVID-19 pandemic. The objective of the report is to present a comprehensive analysis of the Global Set Top Box Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Set Top Box Market dynamic, structure by analyzing the market segments and project the Global Set Top Box Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Set Top Box Market make the report investor’s guide.Set Top Box Market Scope: Inquire before buying
Set Top Box Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 24.39 Bn. Forecast Period 2023 to 2029 CAGR: 3.9% Market Size in 2029: US $ 31.88 Bn. Segments Covered: by Type Cable Satellite Digital Terrestrial Television Internet Protocol Over-The-Top Content by Application Standard Definition High Definition Others by End User Residential Commercial Set Top Box Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Set Top Box Market, Key Players are
1. Huawei Technologies Co. Ltd. 2. Apple Inc. 3. Google Inc. 4. Samsung Group 5. Arris International Plc. 6. EchoStar Corporation 7. Humax 8. Sagemcom 9. Technicolor SA 10. Skyworth Digital 11. Cisco Systems, Inc. 12. Technicolor 13. HUMAX Co. Ltd. 14. Amazon.com, Inc. 15. Coship Electronics Co. Ltd. 16. ADB Global Frequently Asked Questions: 1] What segments are covered in Global Set Top Box Market report? Ans. The segments covered in Global Set Top Box Market report are based on Type, Application, and End User. 2] Which region is expected to hold the highest share in the Global Set Top Box Market? Ans. Asia Pacific is expected to hold the highest share in the Global Set Top Box Market. 3] Who are the top key players in the Global Set Top Box Market? Ans. Huawei Technologies Co. Ltd., Apple Inc., Google Inc., Samsung Group, and Arris International Plc. are the top key players in the Global Set Top Box Market. 4] Which segment holds the largest market share in the Global Set Top Box market by 2029? Ans. Cable STB segment holds the largest market share in the Global Set Top Box market by 2029. 5] What is the market size of the Global Set Top Box market by 2029? Ans. The market size of the Global Set Top Box market is US $ 31.88 Bn. by 2029. 6] What was the market size of the Global Set Top Box market in 2022? Ans. The market size of the Global Set Top Box market was worth US $ 24.39 Bn. in 2022.
1. Set Top Box Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Set Top Box Market: Dynamics 2.1. Set Top Box Market Trends by Region 2.1.1. North America Set Top Box Market Trends 2.1.2. Europe Set Top Box Market Trends 2.1.3. Asia Pacific Set Top Box Market Trends 2.1.4. Middle East and Africa Set Top Box Market Trends 2.1.5. South America Set Top Box Market Trends 2.2. Set Top Box Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Set Top Box Market Drivers 2.2.1.2. North America Set Top Box Market Restraints 2.2.1.3. North America Set Top Box Market Opportunities 2.2.1.4. North America Set Top Box Market Challenges 2.2.2. Europe 2.2.2.1. Europe Set Top Box Market Drivers 2.2.2.2. Europe Set Top Box Market Restraints 2.2.2.3. Europe Set Top Box Market Opportunities 2.2.2.4. Europe Set Top Box Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Set Top Box Market Drivers 2.2.3.2. Asia Pacific Set Top Box Market Restraints 2.2.3.3. Asia Pacific Set Top Box Market Opportunities 2.2.3.4. Asia Pacific Set Top Box Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Set Top Box Market Drivers 2.2.4.2. Middle East and Africa Set Top Box Market Restraints 2.2.4.3. Middle East and Africa Set Top Box Market Opportunities 2.2.4.4. Middle East and Africa Set Top Box Market Challenges 2.2.5. South America 2.2.5.1. South America Set Top Box Market Drivers 2.2.5.2. South America Set Top Box Market Restraints 2.2.5.3. South America Set Top Box Market Opportunities 2.2.5.4. South America Set Top Box Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Set Top Box Industry 2.8. Analysis of Government Schemes and Initiatives For Set Top Box Industry 2.9. Set Top Box Market Trade Analysis 2.10. The Global Pandemic Impact on Set Top Box Market 3. Set Top Box Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Set Top Box Market Size and Forecast, by Type (2022-2029) 3.1.1. Cable 3.1.2. Satellite 3.1.3. Digital Terrestrial Television 3.1.4. Internet Protocol 3.1.5. Over-The-Top Content 3.2. Set Top Box Market Size and Forecast, by Application (2022-2029) 3.2.1. Standard Definition 3.2.2. High Definition 3.2.3. Others 3.3. Set Top Box Market Size and Forecast, by End User (2022-2029) 3.3.1. Residential 3.3.2. Commercial 3.4. Set Top Box Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Set Top Box Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Set Top Box Market Size and Forecast, by Type (2022-2029) 4.1.1. Cable 4.1.2. Satellite 4.1.3. Digital Terrestrial Television 4.1.4. Internet Protocol 4.1.5. Over-The-Top Content 4.2. North America Set Top Box Market Size and Forecast, by Application (2022-2029) 4.2.1. Standard Definition 4.2.2. High Definition 4.2.3. Others 4.3. North America Set Top Box Market Size and Forecast, by End User (2022-2029) 4.3.1. Residential 4.3.2. Commercial 4.4. North America Set Top Box Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Set Top Box Market Size and Forecast, by Type (2022-2029) 4.4.1.1.1. Cable 4.4.1.1.2. Satellite 4.4.1.1.3. Digital Terrestrial Television 4.4.1.1.4. Internet Protocol 4.4.1.1.5. Over-The-Top Content 4.4.1.2. United States Set Top Box Market Size and Forecast, by Application (2022-2029) 4.4.1.2.1. Standard Definition 4.4.1.2.2. High Definition 4.4.1.2.3. Others 4.4.1.3. United States Set Top Box Market Size and Forecast, by End User (2022-2029) 4.4.1.3.1. Residential 4.4.1.3.2. Commercial 4.4.2. Canada 4.4.2.1. Canada Set Top Box Market Size and Forecast, by Type (2022-2029) 4.4.2.1.1. Cable 4.4.2.1.2. Satellite 4.4.2.1.3. Digital Terrestrial Television 4.4.2.1.4. Internet Protocol 4.4.2.1.5. Over-The-Top Content 4.4.2.2. Canada Set Top Box Market Size and Forecast, by Application (2022-2029) 4.4.2.2.1. Standard Definition 4.4.2.2.2. High Definition 4.4.2.2.3. Others 4.4.2.3. Canada Set Top Box Market Size and Forecast, by End User (2022-2029) 4.4.2.3.1. Residential 4.4.2.3.2. Commercial 4.4.3. Mexico 4.4.3.1. Mexico Set Top Box Market Size and Forecast, by Type (2022-2029) 4.4.3.1.1. Cable 4.4.3.1.2. Satellite 4.4.3.1.3. Digital Terrestrial Television 4.4.3.1.4. Internet Protocol 4.4.3.1.5. Over-The-Top Content 4.4.3.2. Mexico Set Top Box Market Size and Forecast, by Application (2022-2029) 4.4.3.2.1. Standard Definition 4.4.3.2.2. High Definition 4.4.3.2.3. Others 4.4.3.3. Mexico Set Top Box Market Size and Forecast, by End User (2022-2029) 4.4.3.3.1. Residential 4.4.3.3.2. Commercial 5. Europe Set Top Box Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Set Top Box Market Size and Forecast, by Type (2022-2029) 5.2. Europe Set Top Box Market Size and Forecast, by Application (2022-2029) 5.3. Europe Set Top Box Market Size and Forecast, by End User (2022-2029) 5.4. Europe Set Top Box Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.1.2. United Kingdom Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.1.3. United Kingdom Set Top Box Market Size and Forecast, by End User(2022-2029) 5.4.2. France 5.4.2.1. France Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.2.2. France Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.2.3. France Set Top Box Market Size and Forecast, by End User(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.3.2. Germany Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.3.3. Germany Set Top Box Market Size and Forecast, by End User (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.4.2. Italy Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.4.3. Italy Set Top Box Market Size and Forecast, by End User(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.5.2. Spain Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.5.3. Spain Set Top Box Market Size and Forecast, by End User (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.6.2. Sweden Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.6.3. Sweden Set Top Box Market Size and Forecast, by End User (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.7.2. Austria Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.7.3. Austria Set Top Box Market Size and Forecast, by End User (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Set Top Box Market Size and Forecast, by Type (2022-2029) 5.4.8.2. Rest of Europe Set Top Box Market Size and Forecast, by Application (2022-2029) 5.4.8.3. Rest of Europe Set Top Box Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Set Top Box Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Set Top Box Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Set Top Box Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4. Asia Pacific Set Top Box Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.1.2. China Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.1.3. China Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.2.2. S Korea Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.2.3. S Korea Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.3.2. Japan Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.3.3. Japan Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.4. India 6.4.4.1. India Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.4.2. India Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.4.3. India Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.5.2. Australia Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.5.3. Australia Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.6.2. Indonesia Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.6.3. Indonesia Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.7.2. Malaysia Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.7.3. Malaysia Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.8.2. Vietnam Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.8.3. Vietnam Set Top Box Market Size and Forecast, by End User(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.9.2. Taiwan Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.9.3. Taiwan Set Top Box Market Size and Forecast, by End User (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Set Top Box Market Size and Forecast, by Type (2022-2029) 6.4.10.2. Rest of Asia Pacific Set Top Box Market Size and Forecast, by Application (2022-2029) 6.4.10.3. Rest of Asia Pacific Set Top Box Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Set Top Box Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Set Top Box Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Set Top Box Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Set Top Box Market Size and Forecast, by End User (2022-2029) 7.4. Middle East and Africa Set Top Box Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Set Top Box Market Size and Forecast, by Type (2022-2029) 7.4.1.2. South Africa Set Top Box Market Size and Forecast, by Application (2022-2029) 7.4.1.3. South Africa Set Top Box Market Size and Forecast, by End User (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Set Top Box Market Size and Forecast, by Type (2022-2029) 7.4.2.2. GCC Set Top Box Market Size and Forecast, by Application (2022-2029) 7.4.2.3. GCC Set Top Box Market Size and Forecast, by End User (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Set Top Box Market Size and Forecast, by Type (2022-2029) 7.4.3.2. Nigeria Set Top Box Market Size and Forecast, by Application (2022-2029) 7.4.3.3. Nigeria Set Top Box Market Size and Forecast, by End User (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Set Top Box Market Size and Forecast, by Type (2022-2029) 7.4.4.2. Rest of ME&A Set Top Box Market Size and Forecast, by Application (2022-2029) 7.4.4.3. Rest of ME&A Set Top Box Market Size and Forecast, by End User (2022-2029) 8. South America Set Top Box Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Set Top Box Market Size and Forecast, by Type (2022-2029) 8.2. South America Set Top Box Market Size and Forecast, by Application (2022-2029) 8.3. South America Set Top Box Market Size and Forecast, by End User(2022-2029) 8.4. South America Set Top Box Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Set Top Box Market Size and Forecast, by Type (2022-2029) 8.4.1.2. Brazil Set Top Box Market Size and Forecast, by Application (2022-2029) 8.4.1.3. Brazil Set Top Box Market Size and Forecast, by End User (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Set Top Box Market Size and Forecast, by Type (2022-2029) 8.4.2.2. Argentina Set Top Box Market Size and Forecast, by Application (2022-2029) 8.4.2.3. Argentina Set Top Box Market Size and Forecast, by End User (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Set Top Box Market Size and Forecast, by Type (2022-2029) 8.4.3.2. Rest Of South America Set Top Box Market Size and Forecast, by Application (2022-2029) 8.4.3.3. Rest Of South America Set Top Box Market Size and Forecast, by End User (2022-2029) 9. Global Set Top Box Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Set Top Box Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Huawei Technologies Co. Ltd. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Apple Inc. 10.3. Google Inc. 10.4. Samsung Group 10.5. Arris International Plc. 10.6. EchoStar Corporation 10.7. Humax 10.8. Sagemcom 10.9. Technicolor SA 10.10. Skyworth Digital 10.11. Cisco Systems, Inc. 10.12. Technicolor 10.13. HUMAX Co. Ltd. 10.14. Amazon.com, Inc. 10.15. Coship Electronics Co. Ltd. 10.16. ADB Global 11. Key Findings 12. Industry Recommendations 13. Set Top Box Market: Research Methodology 14. Terms and Glossary