[Research Report] The set top box market is projected to reach US$ 25,535.9 million by 2028 from US$ 20,855.1 million in 2022; it is expected to grow at a CAGR of 3.4% from 2022 to 2028.
Analyst Perspective:
The set-top box (STB) market has experienced significant growth and transformation in recent years. With the fast advancement of digital technology and the increasing demand for high-quality content, the market for STBs has expanded globally. One key market driver is the transition from analog to digital broadcasting. The need for STBs has surged as countries worldwide shift to digital TV signals. STBs play a vital role in decoding and converting these digital signals for television display, ensuring compatibility and improved picture quality. The rise of internet-based streaming services also influences the market. Streaming devices, such as Roku, Apple TV, and Amazon Fire TV, have gained popularity, allowing users to access a wide range of online content directly on their TVs. This trend has propelled the demand for STBs that support internet connectivity and offer seamless streaming experiences.
Additionally, the proliferation of high-definition (HD) and ultra-high-definition (UHD) content has fueled the need for advanced STBs capable of delivering superior picture and audio quality. With its advanced chipsets and solutions, Broadcom has catered to the evolving needs of consumers and service providers. Their set-top box products have gained recognition for their performance, reliability, and compatibility with various broadcasting technologies. Moreover, the over-the-top (OTT) services market has impacted the set-top box industry. OTT refers to content delivered directly to viewers via the internet, bypassing traditional broadcasting channels. As OTT platforms like Netflix and Amazon Prime Video gain popularity, consumers seek set-top boxes that integrate these services, allowing seamless access to online content on their televisions. While the set-top box market continues to flourish, the emergence of smart TVs with built-in streaming capabilities poses a potential challenge. Smart TVs offer integrated solutions by combining television and streaming services, potentially reducing the demand for separate set-top box devices. One can buy a set-top box from the market. Set-top boxes are widely available in electronic stores, department stores, and online platforms. You can visit a local electronics retailer or check online marketplaces to explore different brands, models, and features of set-top boxes. It's important to research and compare options to find a set-top box that suits your requirements and is compatible with the broadcasting services or streaming platforms you intend to use. Consider pricing, features, customer reviews, and after-sales support when purchasing. Broadcom set-top box market, offers a wide range of advanced and highly integrated solutions that enable seamless content delivery and enhanced user experiences for consumers worldwide. Major players in the market, including Broadcom, are developing advanced 4K STB solutions that support features like Ultra HD video playback, HDR and advanced audio codecs, catering to the growing consumer expectations for superior picture quality and immersive entertainment.
The set-top box gaming market has witnessed a significant surge in popularity, blending the worlds of entertainment and gaming seamlessly. These innovative devices offer a unique gaming experience by transforming traditional set-top boxes into gaming consoles, allowing users to enjoy various games on their television screens. Alongside this gaming revolution, the top box food industry has grown remarkably. Combining convenience and culinary delights, top-box food services have revolutionized how people enjoy home meals. With a few clicks, consumers can order gourmet meals or pre-packaged ingredients conveniently delivered to their doorsteps, offering a seamless and satisfying dining experience without stepping outside.
Market Overview:
A set-top box (STB) is a device that links to a television and permits users to access digital content. It is an intermediary between the TV and external sources such as cable, satellite, or internet streaming services. The STB decodes and displays digital signals, converting them into a format compatible with the television. It offers channel tuning, program guides, on-demand content, and interactive services. Set-top boxes have become essential for modern TV viewing, providing improved picture and sound quality, expanded content choices, and enhanced entertainment options. The set-top box (STB) market is a rapidly evolving industry crucial in delivering digital content and interactive television services. The market for set-top boxes has seen significant growth with the advent of Internet Protocol Television (IPTV) services. IPTV allows the transmission of television content over Internet protocol networks, providing viewers with a wider range of channels and on-demand content. The rise of IPTV set top box market has fueled the demand for set-top boxes that support this technology, enabling seamless streaming and interactive services. High-Definition (HD) set-top boxes have gained popularity among consumers seeking superior video quality. HD set-top boxes support high-resolution content, delivering sharper images and enhanced visual experiences. As consumers increasingly demand immersive viewing experiences, the demand for HD set-top boxes has grown steadily.
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Set Top Box Market: Strategic Insights
Market Size Value in US$ 20,855.1 Million in 2022 Market Size Value by US$ 25,535.9 Million by 2028 Growth rate CAGR of 3.4% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Set Top Box Market: Strategic Insights
| Market Size Value in | US$ 20,855.1 Million in 2022 |
| Market Size Value by | US$ 25,535.9 Million by 2028 |
| Growth rate | CAGR of 3.4% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Market Driver:
Digitization of Televised Networks to Drive Growth of Set Top Box Market
The digitization of televised networks has been a significant driver in the growth of the set-top box (STB) market. As countries worldwide transition from analog to digital broadcasting, the need for STBs has increased significantly. One of the primary reasons for this growth is the improved efficiency and quality of digital signals. Digital broadcasting offers several advantages over analog, including better picture and sound quality, increased channel capacity, and interactive features. However, digital signals require specialized equipment to decode and display them on televisions, which is where STBs come into play. STBs are essential devices that receive, decode, and convert digital signals into a format compatible with television sets. They ensure seamless reception and display of digital content, allowing viewers to enjoy improved visual and audio experiences.
The transition to digital broadcasting has also opened up new avenues for content distribution. Digital signals enable broadcasters to offer a broader range of channels, interactive services, on-demand content, and high-definition programming. This expanded content landscape increases the demand for STBs as viewers seek devices to access and display these enhanced offerings. Moreover, digitization has paved the way for traditional broadcast and internet-based content convergence. Many STBs now incorporate internet connectivity, enabling users to access streaming services, online platforms, and interactive applications. This convergence has further fueled the demand for STBs as consumers look for devices seamlessly integrating broadcast and OTT content. The digitization of televised networks has also prompted regulatory mandates and initiatives in various countries, encouraging consumers to adopt digital TV services. Governments and broadcasting authorities have implemented policies to phase out analog broadcasting and promote the use of digital platforms. These initiatives create a favorable environment for STB manufacturers, as consumers need compatible devices to access digital content.
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Segmental Analysis:
Based on product, the analysis is categorized into:
- Cable
- Satellite
- IPTV
- Others
The cable segment held the largest share of the market in 2020, whereas the others segment is anticipated to register the highest CAGR in the market during the forecast period. The cables segment has been the dominant force in the set-top box (STB) market, primarily due to cable TV networks' widespread adoption and reliability. Cable STBs are crucial in receiving and decoding signals transmitted through coaxial cables, providing a seamless connection between the cable network and the television. The established infrastructure and bundled service offerings of cable operators have contributed to the continued dominance of the cables segment in the STB market.
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Regional Analysis:
The Asia Pacific region emerged as the dominant force in the market. With its vast population, rapid economic growth, and increasing consumer demand, the region witnessed significant market expansion and captured a substantial market share. Several key factors contributed to the Asia Pacific region's dominance. The region's burgeoning population played a crucial role. With more than half of the world's population residing in Asia, it provided a massive consumer base for various industries. The growing middle class in China set top box market propelled the demand for goods and services, stimulating market growth across sectors. The rapid economic development in the region fueled market dominance. Countries like China, Japan, South Korea, and India experienced substantial GDP growth rates, creating favorable business environments. Rising disposable incomes, urbanization, and infrastructure development encouraged consumption and market expansion. Additionally, emerging economies like India and Southeast Asian nations embraced digital transformation, fostering the growth of e-commerce, fintech, and other digital industries. Furthermore, favorable government policies and initiatives were vital to the region's market dominance. Governments implemented measures to attract foreign investments, promote business-friendly regulations, and support domestic industries. These efforts created a conducive environment for companies to establish their presence and thrive in the region. The Asia Pacific region's dominance extended across various sectors. It emerged as a manufacturing hub, attracting global companies due to low labor costs and abundant resources.
The Indonesia set-top box market has witnessed notable development in recent years, driven by the increasing demand for digital television services and the transition from analog to digital broadcasting. As the most extensive economy in Southeast Asia with a population of over 270 million people, Indonesia presents a lucrative market for set-top box manufacturers and service providers. One of the primary factors contributing to the growth of the set-top box market in Indonesia is the government's initiative to switch from analog to digital television broadcasting.
In 2019, the Indonesian government set a target to complete the analog switch-off process by 2022, prompting consumers to adopt digital TV services and invest in set-top boxes capable of receiving digital signals. This transition has created a surge in demand for set-top boxes nationwide. These devices offer features such as high-definition video quality, interactive services, video-on-demand, and access to internet-based content, catering to the evolving preferences of Indonesian consumers. Another factor driving the set-top box market in Indonesia is the proliferation of over-the-top (OTT) services and video streaming platforms. With the growing popularity of platforms like Netflix, Disney+, and local providers such as iFlix and Vidio, consumers are looking for set-top boxes that can integrate these services and provide seamless access to online content. This trend has led to the development of hybrid set-top boxes that combine traditional broadcast services with internet-based streaming, offering a comprehensive entertainment solution to Indonesian consumers.
In terms of market competition, both local and international players are actively participating in the Indonesian set-top box market. Local manufacturers and distributors have emerged to cater to the increasing demand, capitalizing on their understanding of the domestic market and providing localized content options. International companies are also eyeing the Indonesian market, recognizing its growth potential and investing in partnerships with local content providers and broadcasters to offer a diverse range of programming. However, despite the positive growth prospects, the Indonesian set-top box market faces some challenges. Price sensitivity among consumers remains a key factor, particularly in a price-sensitive market like Indonesia. Affordability plays a crucial role in consumers' purchasing decisions, and manufacturers need to balance cost and features to cater to most Indonesian consumers.
The India set top box market has witnessed significant growth over the years, driven by various factors such as the rapid digitalization of cable and satellite television, the growing popularity of direct-to-home (DTH) services, and the increasing demand for high-definition and interactive TV experiences. India has a massive population of over 1.3 billion people, making it one of the largest consumer markets globally. The country's shift from analog to digital television has been instrumental in boosting the demand for set-top boxes. The Indian government initiated a digital cable set top box TV transition in 2012, mandating cable operators to switch to digital signals. This transition led to a surge in adopting set-top boxes across the country. The DTH segment has played a significant role in driving the growth of the set-top box market in India.
DTH services offer various channels and interactive features, allowing viewers to choose and customize their content preferences. Another factor contributing to the growth of the India set-top box market is the rise of Over-The-Top (OTT) platforms and video streaming services. This has led to the development of hybrid set-top boxes in India, which combine traditional broadcasting services with internet-based streaming, offering a comprehensive entertainment solution. The competition in the India set-top box market is intense, with domestic and international players vying for market share. Local manufacturers have emerged and gained prominence due to their understanding of Indian consumer preferences and cost-effective solutions.
Key Player Analysis:
The set top box market analysis consists of the players such as Advanced Digital Broadcast; Commscope Inc.; Shenzhen Cozhou Electronics Co., Ltd (Coship); Huawei Technologies Co., Ltd.; Humax Holdings; Kaonmedia Co., Ltd.; Sagemcom; Skyworth Group Co., Ltd.; Zinwell Corporation; Altech UEC; and Technicolor SA. Among the players in the set top box Sagemcom and Huawei Technologies Co. are the top two players owing to the diversified product portfolio offered.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the set top box market. A few recent key market developments are listed below:
- In January 2022, Samsung Electronics Co., Ltd introduced its latest MICRO LED, Neo QLED, and Lifestyle TVs ahead of CES 2022. With advancements in the picture, sound quality, more screen size options, customizable accessories, and an upgraded interface, the 2022 screens bring the vision of ‘Screens Everywhere, Screens for All’ closer to reality with life-like images, immersive sound, and hyper-personalized experiences.
- In 2021, Kaonmedia and 3 Screen Solutions (3SS) jointly announced the completion of their hybrid set-top box integration for Nordic pay-TV giant Allente. The partnership was announced in October 2020.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Content Quality
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The cable segment led the set top box market by product type in 2022, whereas others segment is expected to grow at a fastest CAGR.
The key players holding the major market share of the set top box market are Humax, Technicolor, Huawei, Sagemcom, and Coship.
APAC is the fastest-growing regional market in the global set top box market during the forecast period from 2022 to 2028.
The driving factors impacting the set top box market are:
Technological Transformations in Set-Top Box
Stringent Government Initiatives for Mandating Digitalization of Cable TV
The global set top box market is expected to be valued at US$ 20,855.1 million in 2022
Growing demand for integration of OTT platforms with set-top box is expected to create more futuristic demand for advanced set top box. This will further impact the market growth positively.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Set Top Box Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Set Top Box Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Technological Transformations in Set-Top Box
5.1.2 Stringent Government Initiatives for Mandating Digitalization of Cable TV
5.2 Market Restraints
5.2.1 Escalating Demand for OTT Platforms
5.3 Market Opportunities
5.3.1 Increasing Penetration of HD Channels and Growing Adoption of Satellite Cable and Smart TVs
5.4 Future Trends
5.4.1 Integration of OTT Platforms with Set-Top Box
5.5 Impact Analysis of Drivers and Restraints
6. Set Top Box Market – Global Market Analysis
6.1 Global Set Top Box Market Overview
6.2 Global Set Top Box Market Revenue Forecast and Analysis
6.3 Global Set Top Box Market Volume Forecast and Analysis
6.4 Market Positioning – Five Key Players
6.5 Competitive Benchmarking
6.5.1 Competitive Benchmarking
6.6 Growth Matrix
7. Set Top Box Market – By Product
7.1 Overview
7.2 Global Set Top Box Market Breakdown, By Product, 2021 & 2028 (%)
7.3 Cable
7.3.1 Overview
7.3.2 Cable Market Forecast and Analysis
7.4 Satellite
7.4.1 Overview
7.4.2 Satellite Market Forecast and Analysis
7.5 IPTV
7.5.1 Overview
7.5.2 IPTV Market Forecast and Analysis
7.6 Others
7.6.1 Overview
7.6.2 Others Market Forecast and Analysis
8. Set Top Box Market – By Content Quality
8.1 Overview
8.2 Global Set Top Box Market Breakdown, By Content Quality, 2021 & 2028 (%)
8.3 Standard Definition (SD)
8.3.1 Overview
8.3.2 Standard Definition (SD) Market Forecast and Analysis
8.4 High-Definition (HD)
8.4.1 Overview
8.4.2 High-Definition (HD) Market Forecast and Analysis
8.5 4K
8.5.1 Overview
8.5.2 4K Market Forecast and Analysis
9. Set Top Box Market – Geographic Analysis
9.1 Overview
9.2 North America: Set Top Box Market
9.2.1 North America: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
9.2.3 North America: Set Top Box Market, By Product
9.2.4 North America: Set Top Box Market, By Content Quality
9.2.5 North America: Set Top Box Market, By Country
9.2.5.1 US: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.2.5.1.1 US: Set Top Box Market, By Product
9.2.5.1.2 US: Set Top Box Market, By Content Quality
9.2.5.2 Canada: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.2.5.2.1 Canada: Set Top Box Market, By Product
9.2.5.2.2 Canada: Set Top Box Market, By Content Quality
9.2.5.3 Mexico: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.2.5.3.1 Mexico: Set Top Box Market, By Product
9.2.5.3.2 Mexico: Set Top Box Market, By Content Quality
9.3 Europe: Set Top Box Market
9.3.1 Europe: Set Top Box Market – Revenue Forecast to 2028 (US$ Million)
9.3.2 Europe: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
9.3.3 Europe: Set Top Box Market, By Product
9.3.4 Europe: Set Top Box Market, By Content Quality
9.3.5 Europe: Set Top Box Market, By Country
9.3.5.1 Germany: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.1.1 Germany: Set Top Box Market, By Product
9.3.5.1.2 Germany: Set Top Box Market, By Content Quality
9.3.5.2 France: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.2.1 France: Set Top Box Market, By Product
9.3.5.2.2 France: Set Top Box Market, By Content Quality
9.3.5.3 Italy: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.3.1 Italy: Set Top Box Market, By Product
9.3.5.3.2 Italy: Set Top Box Market, By Content Quality
9.3.5.4 UK: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.4.1 UK: Set Top Box Market, By Product
9.3.5.4.2 UK: Set Top Box Market, By Content Quality
9.3.5.5 Russia: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.5.1 Russia: Set Top Box Market, By Product
9.3.5.5.2 Russia: Set Top Box Market, By Content Quality
9.3.5.6 Rest of Europe: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.3.5.6.1 Rest of Europe: Set Top Box Market, By Product
9.3.5.6.2 Rest of Europe: Set Top Box Market, By Content Quality
9.4 APAC: Set Top Box Market
9.4.1 APAC: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
9.4.3 APAC: Set Top Box Market, By Product
9.4.4 APAC: Set Top Box Market, By Content Quality
9.4.5 APAC: Set Top Box Market, By Country
9.4.5.1 Australia: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.1.1 Australia: Set Top Box Market, By Product
9.4.5.1.2 Australia: Set Top Box Market, By Content Quality
9.4.5.2 China: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.2.1 China: Set Top Box Market, By Product
9.4.5.2.2 China: Set Top Box Market, By Content Quality
9.4.5.3 India: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.3.1 India: Set Top Box Market, By Product
9.4.5.3.2 India: Set Top Box Market, By Content Quality
9.4.5.4 Japan: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.4.1 Japan: Set Top Box Market, By Product
9.4.5.4.2 Japan: Set Top Box Market, By Content Quality
9.4.5.5 South Korea: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.5.1 South Korea: Set Top Box Market, By Product
9.4.5.5.2 South Korea: Set Top Box Market, By Content Quality
9.4.5.6 Rest of APAC: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.4.5.6.1 Rest of APAC: Set Top Box Market, By Product
9.4.5.6.2 Rest of APAC: Set Top Box Market, By Content Quality
9.5 MEA: Set Top Box Market
9.5.1 MEA: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
9.5.3 MEA: Set Top Box Market, By Product
9.5.4 MEA: Set Top Box Market, By Content Quality
9.5.5 MEA: Set Top Box Market, By Country
9.5.5.1 South Africa: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.5.5.1.1 South Africa: Set Top Box Market, By Product
9.5.5.1.2 South Africa: Set Top Box Market, By Content Quality
9.5.5.2 Saudi Arabia: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.5.5.2.1 Saudi Arabia: Set Top Box Market, By Product
9.5.5.2.2 Saudi Arabia: Set Top Box Market, By Content Quality
9.5.5.3 UAE: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.5.5.3.1 UAE: Set Top Box Market, By Product
9.5.5.3.2 UAE: Set Top Box Market, By Content Quality
9.5.5.4 Rest of MEA: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.5.5.4.1 Rest of MEA: Set Top Box Market, By Product
9.5.5.4.2 Rest of MEA: Set Top Box Market, By Content Quality
9.6 SAM: Set Top Box Market
9.6.1 SAM: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
9.6.3 SAM: Set Top Box Market, By Product
9.6.4 SAM: Set Top Box Market, By Content Quality
9.6.5 SAM: Set Top Box Market, By Country
9.6.5.1 Brazil: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.6.5.1.1 Brazil: Set Top Box Market, By Product
9.6.5.1.2 Brazil: Set Top Box Market, By Content Quality
9.6.5.2 Argentina: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.6.5.2.1 Argentina: Set Top Box Market, By Product
9.6.5.2.2 Argentina: Set Top Box Market, By Content Quality
9.6.5.3 Rest of SAM: Set Top Box Market – Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
9.6.5.3.1 Rest of SAM: Set Top Box Market, By Product
9.6.5.3.2 Rest of SAM: Set Top Box Market, By Content Quality
10. Set Top Box Market - Covid-19 Impact Analysis
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Mergers and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 Advanced Digital Broadcast
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CommScope Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Shenzhen Cozhou Electronics Co., Ltd. (Coship)
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Huawei Technologies Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Humax Holdings
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Kaonmedia Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sagemcom
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Skyworth Group Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Zinwell Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Altech UEC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.11 Technicolor SA
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Set Top Box Market Revenue, Volume, and Forecast to 2028 (US$ Million, Million Units)
Table 2. Global Set Top Box Market Volume and Forecast to 2028 (Million Units)
Table 3. North America Set Top Box Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Set Top Box Market, By Content Quality– Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Set Top Box Market, By Content Quality– Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Set Top Box Market, By Content Quality– Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 16. France Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Set Top Box Market, By Content Quality– Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 26. APAC Set Top Box Market, By Content Quality– Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 30. China Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 32. India Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of APAC Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 40. MEA Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of MEA Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 50. SAM Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM Set Top Box Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of SAM Set Top Box Market, By Content Quality – Revenue and Forecast to 2028 (US$ Million)
Table 57. List of Abbreviation
LIST OF FIGURES
Figure 1. Set Top Box Market Segmentation
Figure 2. Set Top Box Market Segmentation – By Geography
Figure 3. Global Set Top Box Market Overview
Figure 4. Set Top Box Market, by Product
Figure 5. Set Top Box Market, by Content Quality
Figure 6. Set Top Box Market, by Geography
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. SAM – PEST Analysis
Figure 12. Set Top Box Market- Ecosystem Analysis
Figure 13. Set-Top Box Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Set Top Box Market
Figure 15. Global Set Top Box Market Revenue Forecast and Analysis (US$ Million)
Figure 16. Global Set Top Box Market Volume Forecast and Analysis (Million Units)
Figure 17. Competitive Benchmarking
Figure 18. Growth Matrix
Figure 19. Global Set Top Box Market Breakdown, Product, 2021 & 2028 (%)
Figure 20. Global Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Global Satellite Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Global IPTV Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Global Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Set Top Box Market Breakdown, Content Quality, 2021 & 2028 (%)
Figure 25. Global Standard Definition (SD) Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global High-Definition (HD) Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Global 4K Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Global Set Top Box Market Revenue Share, By Region (2021 and 2028)
Figure 29. North America: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 31. North America Set Top Box Market Revenue Share, By Product (2020 and 2028)
Figure 32. North America Set Top Box Market Revenue Share, By Content Quality (2021 and 2028)
Figure 33. North America Set Top Box Market Revenue Share, By Country (2021 and 2028)
Figure 34. US: Set Top Box Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 35. US: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 36. Canada: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 38. Mexico: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 40. Europe: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 42. Europe: Set Top Box Market Revenue Share, By Product (2021 and 2028)
Figure 43. Europe: Set Top Box Market Revenue Share, By Content Quality (2021 and 2028)
Figure 44. Europe: Set Top Box Market Revenue Share, By Country (2021 and 2028)
Figure 45. Germany: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Germany: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 47. France: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. France: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 49. Italy: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 51. UK: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 53. Russia: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Russia: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 55. Rest of Europe: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of Europe: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 57. APAC: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. APAC: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 59. APAC: Set Top Box Market Revenue Share, By Product (2021 and 2028)
Figure 60. APAC: Set Top Box Market Revenue Share, By Content Quality (2021 and 2028)
Figure 61. APAC: Set Top Box Market Revenue Share, By Country (2021 and 2028)
Figure 62. Australia: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Australia: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 64. China: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. China: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 66. India: Set Top Box Market – Revenue Forecast to 2028 (US$ Million)
Figure 67. India: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 68. Japan: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Japan: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 70. South Korea: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South Korea: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 72. Rest of APAC: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of APAC: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 74. MEA: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. MEA: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 76. MEA: Set Top Box Market Revenue Share, By Product (2021 and 2028)
Figure 77. MEA: Set Top Box Market Revenue Share, By Content Quality (2021 and 2028)
Figure 78. MEA: Set Top Box Market Revenue Share, By Country (2021 and 2028)
Figure 79. South Africa: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. South Africa: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 81. Saudi Arabia: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Saudi Arabia: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 83. UAE: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. UAE: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 85. Rest of MEA: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 86. Rest of MEA: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 87. SAM: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 88. SAM: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 89. SAM: Set Top Box Market Revenue Share, By Product (2021 and 2028)
Figure 90. SAM: Set Top Box Market Revenue Share, By Content Quality (2021 and 2028)
Figure 91. SAM: Set Top Box Market Revenue Share, By Country (2021 and 2028)
Figure 92. Brazil: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 93. Brazil: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 94. Argentina: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 95. Argentina: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 96. Rest of SAM: Set Top Box Market – Revenue and Forecast to 2028 (US$ Million)
Figure 97. Rets of SAM: Set Top Box Market – Volume and Forecast to 2028 (Million Units)
Figure 98. Impact of COVID-19 Pandemic in North American Country Markets
Figure 99. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 100. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 101. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 102. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Set-Top Box Market
- Advanced Digital Broadcast
- Commscope Inc.
- Shenzhen Cozhou Electronics Co., Ltd (Coship)
- Huawei Technologies Co., Ltd.
- Humax Holdings
- Kaonmedia Co., Ltd.
- Sagemcom
- Skyworth Group Co., Ltd.
- Zinwell Corporation
- Altech UEC
- Technicolor SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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