Set-Top Box Market Share is Projected to Remarkably at Double Digit CAGR During 2022–2028
Category: #business  By Ronak Bora  Date: 2022-07-20
  • share
  • Twitter
  • Facebook
  • LinkedIn
Set-Top Box Market Share is Projected to Remarkably at Double Digit CAGR During 2022–2028

The global set-top box market is expected to record upscale growth driven by increasing purchase of HD television worldwide. Consumers nowadays are gravitating towards HDTVs as they provide enhanced picture and sound quality. However, these devices operate at their best performance conditioned to the use of ultra HD and 4K set-top box (STB). A report published by GMI, states that the global set-top box industry size is expected to exceed USD 21 billion by 2027. Government backed initiatives to boost digitalization and development of new infrastructures like hotels and offices could boost the demand for advanced set-top box.

Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4922

Mentioned below are certain trends budding in the STB industry:

Surging demand for hybrid STBs

Hybrid STB are devices that support internet-based and satellite broadcasting capabilities. The trending scenario of combining OTT application with satellite & cables TVs could generate lucrative prospects for STB manufacturers. Consumers at the moment are requesting for hybrid set-top boxes that offers TV programs as well as support OTT application. This trend of OTT is particularly spurring among younger population, a factor that may propel the demand for hybrid STBs.

Setbacks incurred by COVID-19

The COVID-19 pandemic has severely affected the set-top box market growth. Governments across the globe have imposed many restrictions on movements of public in the first half of 2020. These restrictions have resulted in a gradual reduction in set-top box sales, hindering market share. However, according to recent surveys, the set-top box industry is estimated to see substantial growth in the year 2021 with the expected revival of economy.

Travel & tourism sector to offer impetus

Steady expansion in the travel and tourism industry could encourage the construction of new hotels. Owing to increasing commercial infrastructural development in economies including the UK, France, and Germany, the set-top box market may witness decent growth. Lucrative growth opportunities are likely to be offered to set-top box service providers in view of the presence of new hotels and resorts such as Hilton Group and Courtyard Group in Europe.

Request for customization @ https://www.decresearch.com//roc/4922

Strategic initiatives by the key players

Some of the major players operating in the set-top box market include Technicolor SA, Sercomm Corporation, Kaon Media Co., Ltd., TechniSat Digital GmbH, ADB Global, Samsung Electronics, and Mybox Technologies Pvt. Ltd. Companies are focusing on taking strategic initiatives to maintain financial stability and stay competitive in the market. These players are also launching innovative products and are enhancing their product offerings. For instance, in September 2019, Sagemcom and SFR Group launched the Box 8 TV set-top box that is integrated with voice assistant to control audio and video, offering enhanced entertainment experience.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Definitions & forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.1.3    Region-wise COVID-19 impact

1.1.3.1    North America

1.1.3.2    Europe

1.1.3.3    Asia Pacific

1.1.3.4    Latin America

1.1.3.5    MEA

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1    Set-top box market 360° synopsis, 2018 – 2028

2.1.1    Business trends

2.1.2    Type trends

2.1.3    Recording trends

2.1.4    Sales channel trends

2.1.5    End-use trends

2.1.6    Regional trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/set-top-box-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...