About Set-Top Box (STB)
A set-top box (STB) is an information appliance device that generally contains a TV-tuner input and displays output connected to a television set and an external source of signal, turning the source signal into content in a form that can then be displayed on the television screen or other display device. They are used in various applications, including cable television, satellite television, and over-the-air television systems, as well as other uses. The technological advancement in digital broadcast technologies, coupled with increasing demand for superior audio and video content, is anticipated to propel market growth in the upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rapidly evolving nature of the technology and media landscape, competition in the set-top box market is likely to continue intensifying as companies strive to meet the changing demands of consumers and capitalize on emerging trends. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Infomir LLC. (United States), Sagemcom (France), Arion Technology (South Korea), ARRIS International Limited (United States), DISH Network LLC (United States), HUMAX (South Korea), Roku Inc. (United States), Technicolor SA (France), Broadcom Inc. (United States), Huawei Technologies Co. Ltd. (China), Comcast Corporation (United States), EchoStar Corporation (United States), Cisco Systems Inc. (United States), Samsung (South Korea), ABOX42 GmbH (Germany), Fastway Transmissions Private Limited (India), Advanced Digital Broadcast SA (ADB) (Switzerland), Netgem (France), Skyworth Digital (China) and Vantiva (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Set-Top Box (STB) market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Set-Top Box (STB) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Set-Top Box (STB) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Adoption of Various Smart Features in Set-Top-Box
Market Growth Drivers:
The integration of smart TV features into set-top boxes, such as app support, internet browsing, and interactive content. and Rising demand for high quality content such as 4K resolution
Challenges:
The rise of streaming services such as Netflix, Hulu and High Subscription Rates
Restraints:
Increasing Manufacturing Cost and Vendors Consolidation and Lack of standardization in the STB market
Opportunities:
Focus on innovation in technologies such as artificial intelligence in set-top boxes
Market Leaders and their expansionary development strategies
In October 2023, Vantiva, the home networks and set-top box provider has acquired CommScope Home Networks, network infrastructure provider. The acquisition represents a unique transformative opportunity for Vantiva. It will enable us to reinforce Vantiva’s Connected Home operations, accelerate our innovation roadmap and expand into new markets.
In September 2022, Fastway Transmissions Pvt. Ltd. a subsidiary of the Jujhar Group and one of the biggest cable network providers in India, launched a Dolby Vision® & Dolby AudioTM enabled Android TV based Hybrid & OTT Set Top Box FW+ Ultra 4K STB.
Key Target Audience
Manufacturers, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations, End users’ industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.