Set-Top Box Market by Type, Resolution, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40856
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The set-top box (STB) market has the potential to grow by USD 3.39 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3%.

This set-top box market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (satellite set-top box, DTT set-top box, IPTV set-top box, OTT set-top box, and cable set-top box), resolution (HD set-top box, SD set-top box, and 4K set-top box), and geography (APAC, Europe, North America, South America, and MEA). The report also offers information on several market vendors, including ABOX42 GmbH, Advanced Digital Broadcast SA, and Broadcom Inc., among others.

What will the Set-top Box Market Size be in 2021?

Set-Top Box Market Size

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Set-top Box Market: Key Drivers and Trends

The integration of voice control into set-top boxes is notably driving the set-top box market growth, although factors such as security threats associated with next-generation set-top boxes may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the set-top box industry get your FREE report sample now.

  • The convenience provided by the integration of voice control into set-top boxes has increased their preference among consumers.
  • Vendors that do not have their voice technology are integrating the Google or Amazon voice functionality. New set-top boxes can be controlled using Google Assistant-enabled devices, including Google Home, Android phones, and iPhones.
  • These new set-top boxes allow consumers to change channels and adjust television and A/V receiver volume.
  • The integration of voice control features into set-top boxes to make them more convenient to use will subsequently fuel the growth of the set-top box market during the forecast period.
  • The declining popularity of TV subscriptions is leading the vendors to come up with new set-top boxes with integrated technologies to enhance consumer interest.
  • The end-users prefer set-top boxes that include the latest technologies and provide high-quality video streaming along with value-added services.
  • Vendors are also coming up with hybrid set-top boxes that allow viewing live channels through TV subscriptions and streaming of on-demand videos through OTT apps over broadband.
  • The integration of new technologies such as Android-based set-top boxes is one of the critical set-top box market trends as it helps consumers to access digital content, play games, and surf the internet.

This set-top box market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Set-top Box Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABOX42 GmbH
  • Advanced Digital Broadcast SA
  • Broadcom Inc.
  • CommScope Holding Co. Inc.
  • DISH Network Corp.
  • Huawei Investment & Holding Co. Ltd.
  • MyBox Technologies Pvt Ltd.
  • Roku Inc.
  • Samsung Electronics Co. Ltd.
  • Technicolor SA

 

The STB market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the set-top box market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Set-top Box Market?

Set-top-Box-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for set-top boxes in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The rising number of households with TVs, the decreasing TV subscription charges, and the decreasing prices of set-top boxes will facilitate the STB market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Set-top Box Market?

Set-top-Box-Market-Market-Share-by-Type-2020-2025

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The set-top box market share growth by the satellite set-top box segment will be significant during the forecast period. Satellite set-top boxes are devices that are used to decode and tune digital signals received from transmitting satellites and convert them into a proper viewable television format. The increasing demand for high-definition televisions among consumers will help in the growth of the segment during the forecast period as satellite set-top boxes provide a wide variety of programs with clear visuals and immersive surround sound. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the set-top box market size.

 

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What are the Key Factors Covered in this Set-top Box Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive set-top box market growth during the next five years
  • Precise estimation of the STB market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the set-top box industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of set-top box market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The set-top box market growth will increase by $3.39 million during 2020-2025.
The set-top box market is expected to grow at a CAGR of 3.00% during 2020-2025.
Technavio has segmented the set-top box market by type (Satellite set-top box, DTT set-top box, IPTV set-top box, OTT set-top box, and Cable set-top box) ,other1 (HD set-top box, SD set-top box, and 4K set-top box) , and geographic (APAC, Europe, North America, South America, and MEA).
ABOX42 GmbH, Advanced Digital Broadcast SA, Broadcom Inc., CommScope Holding Co. Inc., DISH Network Corp., Huawei Investment & Holding Co. Ltd., MyBox Technologies Pvt Ltd., Roku Inc., Samsung Electronics Co. Ltd., Technicolor SA are a few of the key vendors in the set-top box market.
APAC will register the highest growth rate of 44.25% among the other regions. Therefore, the set-top box market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • India
  • Germany
The key factors driving the set-top box market growth are:
  • Integration of voice control into set-top boxes
The set-top box market vendors should focus on grabbing business opportunities from the satellite set-top box segment as it accounted for the largest market share in the base year.
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