Set-Top Boxes Market – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2022
Increases in the digitization switchover are expected to propel the demand for digital content among end-users in the coming years. The demand for set-top boxes from pay TV operators is expected to increase, as they enable faster adoption of digital TV services among end-users. Apart from providing digital TV services, a set-top box also helps the user take advantage of interactive services such as personal video recording, shopping, and gaming on an ordinary TV. This helps pay TV operators enhance their end-users’ experience and increase the adoption of their broadcasting content among them. The global set-top boxes market had generated revenues of US$ 14.41 Bn in 2014 and the market revenue is projected to expand at a CAGR of 6.4% during the forecast period (2015–2022) to reach US$ 24.00 Bn by 2022.
The set-top boxes market is categorized based on type into cable, satellite, IPTV, and hybrid broadcast broadband (HBB) set-top box. The increasing adoption of the digital switchover in several countries is expected to boost the market for cable and satellite set-top boxes. Moreover, pay TV operators are facing high competition from over-the-top (OTT) service providers because of Internet video offerings. Adoption of IPTV and HBB set-top boxes helps pay TV operators overcome this challenge and thereby improve their market positioning. The growth of cable and satellite set-top boxes is expected to be driven by demand from developing economies such as Asia Pacific and Latin America. Countries such as China, India, Brazil, Russia, and Mexico are expected to witness significant growth in demand for cable and satellite STBs in the coming years. North America and Europe are expected to see significant growth in demand for IPTV and HBB set-top boxes, driven by growing demand for Internet-based content.
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The set-top box market is also categorized based on video quality into standard definition (SD) and high definition (HD) set-top box. The demand for HD set-top boxes is expected to rise due to growing demand for HD broadcasting content among end-users.
In recent years, the set-top boxes market has witnessed significant merger and acquisition activity. Additionally, key players are increasing their partnerships with pay TV operators and broadcast content providers in order to enhance their market presence. Set-top box manufacturers are also partnering with semiconductor manufacturers in order to boost innovation and reduce the time-to-market for new set-top technologies. Due to the introduction of 4K and 8K video formats, many set-top box manufacturers are increasing investments in research and development to offer new set-top boxes which would cater to broadcasting in these formats. Moreover, the demand for HEVC-enabled STBs is expected to increase among end-users in North America and Europe with the introduction of 4K and 8K TVs. In 2014, some of the key set-top box manufacturers included ARRIS Group, Inc., Pace PLC, Cisco Systems, Inc., Samsung Electronics Co. Ltd., and EchoStar Corp. The recent merger and acquisition of Cisco Systems, Inc. by Technicolor SA and Pace PLC by ARRIS Group, Inc. is expected to change the market scenario significantly.
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Table of Content
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Set-Top Boxes Market Analysis
Chapter 4 North America Set-Top Boxes Market Analysis
Chapter 5 Europe Set-Top Boxes Market Analysis
Chapter 6 Asia Pacific Set-Top Boxes Market Analysis
Chapter 7 Middle East and Africa (MEA) Set-Top Boxes Market Analysis
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