Set-Top Box Market Strategic Assessment, Bussiness Opportunities Analysis by Leading Industry Players: Apple Inc., Google Inc., Samsung Group, Arris International, EchoStar, Humax, Sagemcom, Technicolor

Market Highlights:

The growth of the cable TV segment has seen rapid growth in the recent years, which has indirectly contributed to the expansion of the set top box market as well. Focused market reports connected to the semiconductors and electronics sector among others lately have been made available by Market Research Future which publishes a report on this sector. The set top box industry is anticipated to develop at a 6 percent CAGR while achieving revenues worth USD 31.67 billion approximately by the year 2023.

Increasing demand of IPTV has been of the major factors which has been boosting the demand for the market. The industry is also likely to witness growing acceptance of digital terrestrial television broadcasting which will further lead to the development of the market in the forecast period. The industry is also influenced by upgrades to innovative functionality with a richer user interface for detection of content and swift search which will drive the development of the industry in the forecast period.

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Major Key Players

The prominent players in the global set-top box market are – Huawei Technologies Co. Ltd. (China), 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), 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.

According to MRFR, 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

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the set-top box market in North America owing to the presence of a large number of established key players such as Apple Inc., Google Inc., Arris International Plc. And EchoStar Corporation among others. Also, U.S. is leading the market in North America due to the rising demand for hybrid set-top boxes and high-speed communication.
The region wise analysis of set-top box industry includes region such as North America, Asia Pacific, Europe and Rest of the World. The North American region is one of the important regions in the world in terms of market portion in the set-top box market owing to growing demand of hybrid set-top box which is boosting the market growth. The set-top box industry in the European region is anticipated to observe rapid growth in the approaching period. Whereas, the Asia-Pacific region which includes countries like India, China and Japan and is a developing market for set-top box industry and is estimated to be the highest CAGR generator in the forecast period.

Competitive Analysis

Competitors who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This scenario has created opportunities for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.

Segmentation

Segmentation by Type: Comprises of Cable, Satellite, Digital Terrestrial Television, Internet Protocol, Over-The-Top Content (OTT) and Others
Segmentation by Content Resolution: Comprises of Secure Digital (SD), High Definition (HD), 4K and Others
Segmentation by Application: Comprises of Residential Use and Commercial Use
Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific 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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This release was published on openPR.