Set-Top Box Market size 2024 analysis with emerging trends and demand to 2032.
Market Research Future Insights
According to MRFR analysis, The Set-Top Box (STB) market industry is projected to grow from USD 15.2224 Billion in 2023 to USD 26.5485 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032).
The upsurge in STBs due to the affordability of smart TVs, network infrastructure, and network communication technologies can bode favorably for the market. Innovation in terms of channels, content, and pricing are pivotal metrics considered by vendors in driving the market demand. The penchant for new-age content as well as the expendable income levels of customers can drive the need for set-top boxes till 2023.
Rise of over-the-top (OTT) services for viewing channels without further payment to existing subscription can favor the global STB market. The potential for STB boxes to be viewed across multiple screens can fuel its potential till the end of the forecast period. The offerings in 4K and UHD resolutions and rise of intelligent homes amid Wi-Fi as well as emergence of applications for shopping to fuel sales can drive the market growth.
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Regional Analysis
Asia Pacific (APAC) is likely to spearhead the global set-top box market during the forecast period. Factors such as rapid adoption of virtual and augmented reality (VR & AR), IoT integration, shift towards Wi-Fi, and growing per-capita income are supporting the growth of the set-top box market. At the same time, rising viewership in countries such as India, China, and Indonesia is providing an impetus to the set-top box market in the region. Policy reforms and advances in the telecom sector are other business drivers of the market in the region. For instance, Dish TV has decided to offer channel packages in light of various Indian festivals to appeal to their sense of celebration.
Key Players
Vishay Intertechnology, Inc., Skyworth Digital Holdings Limited, Google LLC, Apple Inc., Huawei Technologies Co. Ltd., ARRIS International plc., EchoStar Corporation, Technicolor SA, Samsung Group, Kaonmedia Co, Ltd., and Sagemcom SAS are key players of the global set-top box market.
Set-Top Box Market size 2024 analysis with emerging trends and demand to 2032.
Market Research Future Insights
According to MRFR analysis, The Set-Top Box (STB) market industry is projected to grow from USD 15.2224 Billion in 2023 to USD 26.5485 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032).
The upsurge in STBs due to the affordability of smart TVs, network infrastructure, and network communication technologies can bode favorably for the market. Innovation in terms of channels, content, and pricing are pivotal metrics considered by vendors in driving the market demand. The penchant for new-age content as well as the expendable income levels of customers can drive the need for set-top boxes till 2023.
Rise of over-the-top (OTT) services for viewing channels without further payment to existing subscription can favor the global STB market. The potential for STB boxes to be viewed across multiple screens can fuel its potential till the end of the forecast period. The offerings in 4K and UHD resolutions and rise of intelligent homes amid Wi-Fi as well as emergence of applications for shopping to fuel sales can drive the market growth.
Request Free Sample - https://www.marketresearchfuture.com/sample_request/4597
Regional Analysis
Asia Pacific (APAC) is likely to spearhead the global set-top box market during the forecast period. Factors such as rapid adoption of virtual and augmented reality (VR & AR), IoT integration, shift towards Wi-Fi, and growing per-capita income are supporting the growth of the set-top box market. At the same time, rising viewership in countries such as India, China, and Indonesia is providing an impetus to the set-top box market in the region. Policy reforms and advances in the telecom sector are other business drivers of the market in the region. For instance, Dish TV has decided to offer channel packages in light of various Indian festivals to appeal to their sense of celebration.
Key Players
Vishay Intertechnology, Inc., Skyworth Digital Holdings Limited, Google LLC, Apple Inc., Huawei Technologies Co. Ltd., ARRIS International plc., EchoStar Corporation, Technicolor SA, Samsung Group, Kaonmedia Co, Ltd., and Sagemcom SAS are key players of the global set-top box market.