Set-Top Box Market 2018 Forecasted Revenue and Key Players: Apple, Google, Samsung Group, Arris International, EchoStar Corporation

Market Highlights:

According to a recent study report published by Market Research Future, The global market of set-top box is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). Increasing demand for of 4K TVs is expected to provide support to the growth of the set-top box market one major factor driving the growth of set-top box market. Also, growing demand for IPTV is another major factor responsible for fuelling the market growth. Technological advancements and growing acceptance of standard protocols for lighting control is boosting the growth of set-top box market. Also, increasing demand for set-top box from various end users like residential, and commercial is another major factor driving the market growth.

The set-top box market is highly competitive due to the increase in demand for digital terrestrial television and developments in the field of internet of things. On the other hand, domestic production and availability of low-cost products are major factors hindering the growth of set-top box market. Also, security and privacy issues are other factors that may hamper the market growth.

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Key Players

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.

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.

Latest Industry News
Jan 2017 – Facebook Inc. is creating an app for television set-top boxes, including Apple’s TV. An app for set-top boxes would bring Facebook closer to live video and video advertisements. Live video is also becoming a highly competitive feature on social platforms, with companies competing to stream major sports events and exclusive video components from high-profile events.

Jan 2018 – Dish adds Google Assistant to Set-Top Boxes. Google Assistant is going to add a host of new functionality to these set-top boxes. “OK, Google” voice commands will control the cable box, and it can use your smartphone to issue those commands.
Oct 2017 – Huawei IPTV set-top box now supports Dolby HRD system. The Huawei Q22 internet protocol television set-top box is similar to the Apple TV and Amazon Fire TV, which claims to improve the TV experience in the home by delivering better brightness and contrast as well as a palette of rich colours. Huawei has partnered with the Dolby Laboratories to announce the first Internet Protocol television (IPTV) set-top box integrated with Dolby Vision high-dynamic-range (HDR) technology, dubbed as the Huawei Q22.

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This release was published on openPR.