Global Digital TV Set-Top Boxes Market Overview:
The set-top box, a device that refers to an external TV tuner to become a user interface to the internet and also enables a television set to receive and decode digital television broadcast. It is sometimes required for various advanced TV services includes premium channels, video on demand, pay-per-view, etc. Of late, space set-top box has become an integral part of TV viewing in various part of the world. Moreover, the technological advancement in digital broadcast technologies coupled with increasing demand for superior audio and video content is anticipated to propel the market growth in the upcoming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advent of Various Smart Features in Set-Top-Box and Technological Innovation in Development of Wide Range of STBs by Key Market Players
Market Growth Drivers:
Increasing Disposable Income and Growing Popularity of High Definition (HD) Channels Globally, The Growth in the Adoption of Smart Televisions Globally and Increasing Partnership with Software and Content Providers to Optimally Address the Rising Need for Interactive Content
Challenges:
High Subscription Rates of Pay Channels
Restraints:
Increasing Manufacturing Cost and Vendors Consolidation
Opportunities:
Several Countries Government Regulations Mandating Television Digitization or Digitization of Cable Networks, Especially in Emerging Nations Such as China, India, Brazil, etc, and Television Providers has Introduced Artificial Intelligence in Set-Top Boxes in Developed Countries.
Competitive Landscape:
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally and others.
Some of the key players profiled in the report are 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), Apple Inc. (United States), Sagemcom Broadband SAS (France) and Samsung (South Korea). Additionally, following companies can also be profiled that are part of our coverage like ABOX42 GmbH (Germany), Advanced Digital Broadcast SA (ADB) (Switzerland), Netgem (France) and Skyworth Digital (China). Analyst at AMA Research see United States Players to retain maximum share of Global Digital TV Set-Top Boxes market by 2028. Considering Market by Content Resolution Type, the sub-segment i.e. Standard Definition (SD) will boost the Digital TV Set-Top Boxes market.
Latest Market Insights:
In September 2023, Roku unveiled its latest streaming device, the Roku Express 4K+. This budget-friendly option offers 4K HDR streaming, improved Wi-Fi performance, and access to popular streaming services like Netflix, Hulu, and Disney+.
In September 2023, Technicolor, a leading provider of home entertainment technologies, announced its merger with Vantiva, a global leader in connected TV solutions. The combined entity, dubbed "Teleste," aims to become a powerhouse in pay-TV technologies, offering end-to-end solutions for operators and broadcasters.
Under the European Union ecodesign requirements, a simple set-top box must not use more than 5 watts (W) of electrical energy in normal operation and 0.5 W in the stand-by mode. This measure saved about 9 TWh of energy by 2014, avoiding the emission of 4 million tons CO2 and saving European households about Euro 1.4 billion on their energy bills.
What Can be Explored with the Digital TV Set-Top Boxes Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Digital TV Set-Top Boxes Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Digital TV Set-Top Boxes
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital TV Set-Top Boxes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital TV Set-Top Boxes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital TV Set-Top Boxes Manufacturers, Distributors, Component Manufacturers, Technology Providers, Semiconductor Manufacturing Companies, Government Regulatory Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.