Global Set top Boxes Market, Size, Share, Growth, Trends, and Forecast To 2022 – by Credence Research
According to a new market research report published by
Credence Research “Set-top Boxes Market(Cable
Television STB, Satellite Television STB, IPTV STB and Hybrid STB) - Growth,
Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the
global set-top boxes market was valued at US$ 13.54 Bn in 2014 and is estimated
to expand with a CAGR of 5.9% from 2015 to 2022.
Browse the full report at http://www.credenceresearch.com/report/set-top-boxes-market
Market Insights
Set-top boxes (STB) refer to
receiving devices that are plugged into televisions for reception of broadcast
signals. The primary function of set-top boxes is to convert the content
broadcasted by the service providers in a format compatible with the
user/subscriber’s television. The global set-top boxes market is strongly
governed by the mandatory switchover from analogue to digital television
reception. Due to nearing deadlines, the sale of set-top box units is expected
to soar substantially in the coming years. Further, the market is also
supported by the rising advancements in the television channels. Due
introduction of high definition (HD) television channels, most of the
subscribers worldwide are now shifting towards HD subscription. As a result, a
trend of set-top box replacement has emerged and is expected to continue the
market growth. Additionally, with emergence of ultra-high definition (UHD)
television sets, service providers are now turning towards providing UHD
content.
The global set-top boxes market is
segmented on the basis of type, video resolution and geographical regions. On
the basis of type, the market is segmented into cable STB, satellite STB, IPTV
STB and hybrid STB. The market is currently dominated by the satellite
television STB segment. Further, the market is segment, based on the video
resolution, into standard definition (SD), high definition (HD) and others. The
others segment comprises the advanced video resolution channels such as UHD and
8K. In the coming years, the UHD segment is expected to register the highest
growth worldwide. Geographically, the market is segmented into North America,
Europe, Asia Pacific and Rest of the World.
Competitive Insights
The global set-top boxes market is
highly competitive in nature with large number of global as well as regional
players. The satellite STB, IPTV and hybrid STB segments are majorly dominated
by the global players such as Cisco Systems, Inc., Technicolor SA, ARRIS Group,
Inc., HUMAX Electronics Co., Ltd. and others. The market is fragmented in
nature. However, the scenario may change over the period of time due to ongoing
acquisitions and partnerships in the market. Some of the prominent instances
include Cisco Systems, Inc. & Technicolor SA and ARRIS Group, Inc. &
Pace Plc.
Key Trends
- Merger & acquisition for
betterment of market position
- Set-top boxes for HD and UHD
television service
- Advanced set-top boxes
including features such as video recording and hybrid connectivity
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