Set Top Box Market size was estimated at USD 17.14 billion in 2015 and is anticipated to reach USD 29.78 billion by 2024. The market is expected to witness significant demand over the forecast period on account increasing penetration of High Definition (HD) channels among consumers and the rising adoption of smart TVs.
Increased the storage space in
modern Set Top Box (STB) devices to enable caching of data broadcasts and
improved personal video recording. Increasing demand for high-quality picture
and sound coupled technological advancements are anticipated to fuel the Set
Top Box (STB) market over the forecast period. Key players in the market
include digital satellite providers, cable providers and telecommunication
companies. Major infrastructural providers are undertaking strategic
partnerships and mergers with content and software providers on account of
increased need for better interactive content. This has enabled seamless
interactive content for consumers. Major infrastructure providers include
Ericsson, SysMaster, Cisco, IBM and Elitecore.
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Market Synopsis of Set Top Box Market:
Regional content for the rural
consumers and higher volume of 3D content creation for urban consumers as a
result of digitization is expected to augment market growth. Further, it is
expected to fuel demand for HD and 3D TV sets. Consumers are accessing high-quality
picture and sound and installing set-top boxes and with the digitization of
cable. The TV screens are getting bigger and better thereby making SD quality
undesirable for a high-quality viewing experience.
The global market is anticipated
to present considerable opportunities for market growth over the forecast with
the rise of innovative products including, 4K UHD TVs, 3D smart interactive TVs
and OLED TVs, years. These devices enable users to access HD quality video
content on their HD-ready TV sets. Technologically-advanced TV sets and
increased demand for smart TVs among the global population is gradually
increasing the need to access innovative features.
Manufacturers provides several
variants including cable-based, IPTV, satellite, Digital Terrestrial Television
(DTT) and Over the Top (OTT). In 2014, DTT is anticipated to remain the leading
set-top box system over the forecast period, which accounted over 25% of the
global industry. Satellite system sends signals received by satellite version
and converts it into analog format for viewing on TV sets. Consumers require
the subscription to a particular satellite pay-TV operator to use satellite
STBs.
Emergence of quality standards
coupled with the computational capabilities of devices to meet increasing
consumer expectations have resulted in the growth of STB market globally.
Migration from DOCSIS 3.0 to advanced DSL standards including vectoring and G.
fast coupled with the proliferation of technology, is anticipated to offer
opportunities for market growth.
Global STB industry was dominated
by High Definition (HD) Set Top Box (STB) devices and is expected to replace
the traditional Standard Definition (SD) devices from 2016 to 2024. HD devices
are projected to constitute over 60% of the overall industry revenue share in
2014.
High-quality sound output and HD
transmission devices provide high resolution (over 1080p) of video content
transmission. Therefore, these technologies have gained increased preference
among TV users over the past few years. Service providers are introducing 3D
and Ultra HD (UHD) STB devices compatible with 4K and 3D televisions and are
gaining momentum in the market.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Set Top Box: Market
Variables, Trends & Scope
Chapter 4 Set Top Box: Product
Estimates & Trend Analysis
Chapter 5 Set Top Box:
Application Estimates & Trend Analysis
Chapter 6 Set Top Box: End-use
Estimates & Trend Analysis
Chapter 7 Set Top Box: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Set Top Box: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Set Top Box:
Manufacturers Company Profiles
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