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4K Set-Top Box Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033
4K Set-Top Box Market Size
As per the report, 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 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%.
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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.
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.
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
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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 .
Contents of the report:
1. Executive Summary
2. 4K Set-Top Box Market Report Structure
3. 4K Set-Top Box Market Trends And Strategies
4. 4K Set-Top Box Market - Macro Economic Scenario
5. 4K Set-Top Box Market Size And Growth
…..
27. 4K Set-Top Box Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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