Global Set Top Box Market Size, Share, Growth and Forecast By 2024

According to the latest report by IMARC Group, the global set top box market size reach a value of US$ 21.8 Billion by 2024, registering a CAGR of 3.6% during 2019-2024. A set-top box (STB) is a device that receives and decodes a television signal or Internet data and broadcasts it on a television screen or other display devices. The STB is widely used in cable, satellite, and over-the-air (OTA) television systems. Apart from offering the users a seamless TV viewing experience, it also enables them to record television programs and perform complex functions, such as home networking, video-on-demand, video conferencing and internet protocol (IP) telephony.

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Global Set-Top Box Market Trends: Digitization of televised networks, along with the reduced average selling prices (ASPs) of television sets, is one of the key factors driving the market growth. With improving living standards and inflating disposable income levels, TV sets are no longer a luxury product afforded only by a handful. This has consequently increased the sales of TV sets, which in turn has accelerated the demand for set-top boxes. Moreover, the rising adoption rates of smart televisions and Internet-based STB devices, along with a steadily growing demand for high-quality video streaming and interactive videos, are influencing the growth of the market. The rising trend of over the top (OTT) set-top box, advancements in digital broadcast technologies, and the implementation of governmental regulation promoting the shift from cable TV to set-top boxes in various countries, such as India, are some of the other factors driving the market further. Buy full report with table of contents: https://www.imarcgroup.com/set-top-box-market Key Market Segmentation: Market Breakup by Type: 1. Cable STB 2. Satellite STB 3. Digital Terrestrial Television (DTT) STB 4. Internet Protocol (IP) STB 5. Over-The-Top (OTT) STB Market Breakup by Resolution: 1. HD (High Definition) 2. SD (Standard Definition) 3. UHD (Ultra-High Definition) Market Breakup by End-User: 1. Residential 2. Commercial 3. Others Market Breakup by Service Type: 1. PayTV 2. Free-to-Air Market Breakup by Distribution Channel: 1. Online Stores 2. Offline Market Breakup by Region: 1. Asia Pacific 2. Europe 3. North America 4. Middle East and Africa 5. Latin America Competitive Landscape: The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market. Some of these include ARRIS International Limited, HUMAX Electronics Co. Ltd., DISH Network Corporation, Roku, Inc., Huawei Technologies Co., Ltd., Technicolor SA, Apple, Inc., Google LLC, Samsung Electronics Co., Ltd., EchoStar Corporation and Skyworth Digital Technology Co. Ltd. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US: IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group