Set-Top Box Market – Overview:
The growth of the cable TV segment has seen rapid growth in the recent years, which has indirectly contributed to the expansion of the set top box market as well. Focused market reports connected to the semiconductors and electronics sector among others lately have been made available by Market Research Future which publishes a report on this sector. The set top box industry is anticipated to develop at a 6 percent CAGR while achieving revenues worth USD 31.67 billion approximately by the year 2023.
Increasing demand of IPTV has been of the major factors which has been boosting the demand for the market. The industry is also likely to witness growing acceptance of digital terrestrial television broadcasting which will further lead to the development of the market in the forecast period. The industry is also influenced by upgrades to innovative functionality with a richer user interface for detection of content and swift search which will drive the development of the industry in the forecast period.
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Major 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.),
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.
April 2018 My Box Technologies (MBT) which is controlled by Hero Group-controlled set top box (STB) manufacturer has turned its attention to the cable TV segment as it doesn’t have any agreement with any direct to home (DTH) operator currently. The business is also planning to launch an Android set top box (STB) by the second quarter of 2019. The company previously had a contract with Bharti Telemedia which is Bharti Airtel’s DTH division to supply STBs. Nevertheless, when the Airtel contract ended in November 2016, the company has put its focus on the hybrid STB and cable TV segment.
Global Competitive Analysis
Competitors who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This scenario has created opportunities for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.
The set-top box industry globally has been segmented on the basis of content resolutions, application, types, and region. On the basis of Type, the segment includes Satellite, Digital Terrestrial Television, Internet Protocol, Cable, Over-The-Top Content (OTT) and others. By Content Resolutions, the segment includes High Definition (HD), Secure Digital (SD), 4K and Others. The application segment for the industry includes residential use and commercial use. The region wise division of the set top box industry includes Europe, North America, APAC and Rest of the World.
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- Set-top box companies
- Set-top box providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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