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4K Set-Top Box Global Market Report 2024 Market Report 2024-2033 | Size, Share, Trends, Growth Analysis
4K Set-Top Box Global Market
Insights into 4K Set-Top Box Market: Global Trends and Analysis
4K Set-Top Box Industry - Key Market Dynamics and Trends
The 4k set-top box market size has grown strongly in recent years. It will grow from $6.32 billion in 2023 to $6.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to content providers embracing 4k, rise of 4k content, shift to digital broadcasting, consumer demand for enhanced viewing experience, smart tv integration..
The 4k set-top box market size is expected to see strong growth in the next few years. It will grow to $8.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to enhancements in set-top boxes, price reduction and accessibility, smart home integration, content provider expansion, gaming and vr integration.. Major trends in the forecast period include content aggregation and personalization, improved connectivity and streaming quality, integration with smart home ecosystems, gaming and entertainment convergence, streaming services and ott platforms..
Market Overview -
A 4K set-top-box refers to a piece of hardware that enables the reception, decoding, and display of digital signals on televisions. It is used for delivering ultra-high-definition picture quality signals for high clarity and more vivid colors on the screen for viewers. The signal is received by cable or telephone connection, maybe a television signal or internet data, which is displayed at 3840 x 2160 on this hardware.
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The Surge In Smart Tv Demand Fueling Growth In The 4K Set-Top Box Market
The increasing demand for smart TVs is expected to propel the growth of the 4K set-top box market going forward. Smart television (smart TV) refers to a TV that provides interactive features similar to those involved in internet or web services such as video searching or interacting with the television in other ways using a set-top box or an operating system. The 4K set-top boxes are commonly used in smart TVs to watch streaming services on demand with high resolution which enhances the television-watching experience. For instance, in May 2022, according to Comscore, a US-based cross-platform measurement company, the global viewing hours and total viewing households of smart TVs remain the fastest-growing types of connected TV devices with a total of 59% of connected TV households having smart TVs in February 2022, up 4% from February 2021. Therefore, the increasing demand for smart TVs is driving the growth of the 4K set-top box market.
Competitive Landscape -
Major companies operating in the 4k set-top box market report are Roku Inc., Infomir Group, Huawei Technologies Co. Ltd., Humax electricals Pvt. Ltd., DISH Network Corporation, Tata Play Limited, Zhongxing Telecommunication Equipment Corporation., EchoStar Corporation, Apple Inc., Skyworth Group Co. Ltd., AT&T Inc., Inspur Group, Broadcom Inc., Gospell Digital Technology Co. Ltd., Evolution Digital LLC, Amazon.com Inc., Arion Technology Ltd., Kaonmedia Co. Ltd., Technicolor SA, Airtel, Sagemcom, MaxLinear Inc., TechniSat Digital GmbH, Samsung Electronics Co. Ltd., LG Electronics Inc., Cisco Systems Inc., Pace plc, Arris Group Inc., Motorola Mobility LLC, Netgem, ABOX42 GmbH, Amino Communications .
Innovative Advancements In The 4K Set-Top Box Market
Major companies operating in the 4K set-top box market are developing innovative products such as mesh networks for internet streaming to meet larger customer bases, more sales, and increase revenue. A mesh network typically refers to a network topology where each node (device) cooperatively relays data for the network. For instance, in September 2022, ZTE Corporation, a China-based technology company, together with Amlogic, a US-based semiconductor company, launched a 4K Wi-Fi 6 mesh media gateway set-top box (STB). The innovative home media terminal represents a technological convergence, seamlessly integrating the functions of a gateway, router, and set-top box (STB). This innovative design not only lowers maintenance costs for operators but also ensures comprehensive Wi-Fi coverage throughout the entire home, delivering an enhanced experience for users enjoying HD videos. The ZTE STB stands out by incorporating Amlogic's high-performance chipset, built on the quad-core ARM Cortex-A55 architecture. Leveraging the power of the latest Android TV operating system, it opens up access to a vast array of applications and abundant media resources, empowering users to immerse themselves fully in the richness of home entertainment.
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Key Segments -
The 4k set-top box market covered in this report is segmented -
1) By Type: Internet Protocol Television (IPTV), Digital Terrestrial Television (DTT), Over-The-Top set-top boxes (OTT), Satellite Television, Hybrid Television Set-top Box
2) By Application: Residential, Commercial
3) By Distribution Channel: Online, Offline
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
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"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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