Set top box denoted as an electronic device that permits television set to convert a user interface to the Internet and allows a television set to decode and receive digital television (DTV) broadcasts. The global set top box market is influenced by the rising demand for smart television technology and increasing demand for HD set-top boxes. The set-top box manufacturers offer various new products with enhanced resolution and video quality that raises the demand of the set-top boxes across the globe. Moreover, the introduction of new technologies 3D smart interactive TVs and 4K UHD TVs would be the future growth factors for the set-top box market.
The global set top box market is classified on the basis of type and technology. Based on the type the global set-top box market is further classified into Cable, IPTV, Satellite, and others. The Satellite set-top box segment is considered to have significant market growth owing to the rising demand for direct to home satellite set-top box in emerging economies. Based on technology, the global set-top box market is segmented into SD, HD and 4K set-top box. The HD set-top box segment is projected to have a significant market share due to better properties than other alternative technology such as SD set-top box. The HD set-top box offers enhanced resolution and video quality than alternative set-top boxes.
Moreover, the global set top box market further classified based on geography including North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has a significant market share in the global set-top box market due to the increasing demand for direct to home satellite set-top box and rising disposable income in the emerging economies such as China and India. North America and Europe have a considerable market growth in the global set-top box market due to advancement in the set-top box technology such as 4K technology. Moreover, developed IT infrastructure coupled with better internet speed contributing to the growth of the market.
The market players that contribute to the growth of the global set-top box market include Apple Inc., ARRIS International PLC, Comcast Corp., Roku, Inc., Samsung Electronics Co., Ltd., DISH Network LLC, Huawei Technologies Co. Ltd., MYBOX Technologies Pvt. Ltd. and others. These market players are contributing to the market by adopting various market strategies such as product launch, merger & acquisition, partnerships collaborations, and others for gaining a strong position in the market. For instance, in December 2018, MYBOX Technologies Pvt. Ltd. launched the Amazon Alexa voice service with their set-top boxes. This would enable the company in the expansion of the revenue and would obtain a strong position in the set-top box market.
Research Methodology:
The market study of the global Set top box market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report is intended for set-top box manufacturers, suppliers, distributors, and others provide sector for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Set-top box Market Research and Analysis, By Type
- Global Set-top box Market Research and Analysis, By Technology
The Report covers:
- Comprehensive research methodology of the global set-top box (STB) market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global STB market.
- Insights about market determinants which are stimulating the global STB market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
