Press release
Set-Top Box Market Expansion by Key Leaders: Apple, Google, Samsung Group, Arris International, EchoStar, Skyworth Digital
Digital terrestrial television is considered to gain demand in market due to increasing use of Wi-Fi which allows connectivity through web. The IP transmission recording features and higher storage specifications are driving the market growth of set top box in the market. The factors that boost the growth market are the increasing adoption of digital terrestrial television broadcasting, BS digital broadcasting, and CATV broadcasting which is driving the market growth in the forecast years. In 2017, Dish TV launches new generation cardless HD set-top which is portable and cost effective.
The global set-top box market are bifurcated on the basis of types, content resolutions, application, and region. The types are segmented into cable, satellite, digital terrestrial television, internet protocol, over-the-top content and others. The application are segmented into secure digital (SD), high definition (HD), 4K and others. The end users are segmented residential use, commercial use and others. The region includes North America, Europe, Asia Pacific and rest of the world.
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Major Key Players
Apple Inc. (U.S.),
Google Inc. (U.S.),
Samsung Group (South Korea),
Arris International Plc. (U.S.),
EchoStar Corporation (U.S.),
Humax (U.K),
Sagemcom (France),
Huawei Technologies Co. Ltd. (China),
Technicolor SA (France), and Skyworth Digital (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Set-top Box Market.
The global Set-Top Box Market is growing rapidly over 6% of CAGR and is expected to reach at USD 31 Billion by the end of forecast period.
Regional Analysis
The regional analysis of set-top box market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in set-top box market due to increasing demand of hybrid set-top box which is propelling the market growth. The set-top box market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for set-top box market and expected to be the highest CAGR in the coming years.
Segmentation
The set-top box industry globally has been segmented on the basis of content resolutions, application, types, and region. On the basis of Type, the segment includes Satellite, Digital Terrestrial Television, Internet Protocol, Cable, Over-The-Top Content (OTT) and others. By Content Resolutions, the segment includes High Definition (HD), Secure Digital (SD), 4K and Others. The application segment for the industry includes residential use and commercial use. The region wise division of the set top box industry includes Europe, North America, APAC and Rest of the World.
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Intended Audience
• Set-top box companies
• Set-top box providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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