Global Set-Top Box Market to 2.84 % CAGR to 2021 – Analysis of ARRIS International, Broadcom, Pace, Roku, and Technicolor

MarketResearchNest.com adds “Global Set-Top Box Market 2017-2021” new reports to its research database. The report spread across 78 pages with tables and figures in it.

The research analysts forecast the global set top box (STB) market to grow at a CAGR of 2.84% during the period 2017-2021.

Set-top boxes (STBs) are devices that connect TVs to an external signal source and transform the signal into video content that is displayed on the television screen. The source can be a cable, satellite, broadband, telephone line, or a digital subscriber line (DSL) connection. Standard definition (SD) and high-definition (HD) are the two types of STBs. HD STBs display both SD and HD channels.

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Technavio recognizes the following companies as the key players in the global set top box (STB) market: ARRIS International, Broadcom, Pace, Roku, and Technicolor

Other Prominent Vendors in the market are: ABOX42, Albis Technologies, Amino, ARION Technology, Atlanta DTH, Celrun, Chinese Innovative Media Appliances (CIMA), Comigo, Comtrend, Dune HD, EchoStar, EKT (Eagle Kingdom Technologies), Edgecore Networks, Elecard, Enseo, Hansun Technologies, HOMECAST, HUMAX Electronics, Hyundai Digital Technology, InfoEQ, Infomir, INTEK Digital, International Datacasting, Kaonmedia, LG Electronics, LUNG HWA ELECTRONICS, Lenovo, NEOTION, Netgem, Nighthawk Systems, OnTV Digital, PROMSVYAZ, Samsung Electronics, SDMC, Setabox Technology, SmartLabs, Shenzhen Sowell Technology, Shenzhen, TechniSat, Telergy, Telsey, TiVo, TopField, Vestel, and Yuxing.

The latest trend gaining momentum in the market is Availability of TVs integrated with STBs. One of the upcoming trends in the global STB market is the increasing availability of TVs integrated with STBs. They ensure clutter-free installation as there are a limited set of wires within a single device.

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According to the report, one of the major drivers for this market is Introduction of advanced features in set-top boxes. Technological advances in the global STB market have led to the development of a wide range of STBs equipped with multiple features. Digital video recording is one of the most popular features as it enables viewers to watch and record their favorite shows. Over-the-air DVR systems are standalone STBs that enable viewers to broadcast and record TV programs. Apart from DVRs, subscription-based TV services providers offer STBs to customers. The users can attach their own storage devices to these STBs for video recording. Consumers can attach their solid-state drives (SSDs), flash memory, or network-attached storage (NAS) hard drives to the STB and record programs as per their convenience.

Further, the report states that one of the major factors hindering the growth of this market is Low scope of customer retention. Low scope of customer retention is one of the serious challenges inhibiting the growth of the global STB market. The global STB market has been witnessing steady growth since 2013, and a significant number of new vendors entered the market by 2016. This has intensified competition, and the technology offers immense opportunities for vendors and investors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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