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According to a new
market report published by Transparency Market Research entitled
“Set-Top Boxes Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2022,” the global set-top boxes
market is expected to reach a value of US$ 24.00 Bn by 2022. The
market is estimated to grow at a CAGR of 6.4% during the forecast
period from 2015 to 2022.
Browse the full
Set-Top Boxes Market report at:
Increase in the
digitization switchover is boosting the adoption of digital
broadcasting content among end-users. This, in turn, is driving the
demand for set-top boxes among pay TV operators. Furthermore, the
introduction of interactive services such as personal video
recording, movies on demand, shopping, and games is expected to boost
the adoption of the set-top boxes market in the coming years. Asia
Pacific was the largest market for set-top boxes in the year 2014,
accounting for a market share of around 31%. Asia Pacific is also
expected to be the fastest-growing market for set-top boxes, at an
estimated CAGR of 9.9% during the forecast period. Due to rapid
digitization switchover and a large pay TV subscriber base, the
set-top boxes market in Asia Pacific is expected to grow
significantly during the coming years. North America is a mature
market in terms of the adoption of set-top boxes due to early
digitization switchover. The growth of the overall set-top boxes
market in North America is expected to be driven by the adoption of
IPTV and HBB set-top boxes during the coming years.
Among the set-top
box types, cable set-top boxes held the largest share of around 34%
in 2014, globally. A significant portion of pay TV operators are
using cable set-top boxes as most countries are currently in the
process of the digitization switchover. During the forecast period,
the market for IPTV set-top boxes is expected to expand at a CAGR of
10.7%. This growth is anticipated to be driven by its adoption among
pay TV operators due to a rise in Internet video traffic and the
growing use of mobile TV. Hybrid broadcast broadband (HBB) set-top
boxes are increasingly finding adoption in North America and Europe,
as they offer combined IPTV services and cable or satellite TV
services. Furthermore, HBB set-top boxes enable content to be
distributed in multi-room TV networks, personal computers, and mobile
devices.
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Sample Research Report of Set-Top Boxes Market at:
In terms of video
quality, high definition (HD) the set-top box was the largest segment
of the set-top boxes market, accounting for approximately 66% of the
total market in 2014. During the coming years, the adoption of HD
set-top boxes is expected to increase further due to a growth in
demand for high-quality video formats such as 4K and 8K. Furthermore,
the increasing adoption of HD broadcasting content by pay TV
operators is also expected to aid the growth of the HD set-top box
market in coming years.
HUMAX Electronics
Co., Ltd., Technicolor SA, Samsung Electronics Co. Ltd., ARRIS Group,
Inc., and EchoStar Corp. are major players providing different types
of set-top boxes to pay TV operators. The market is also witnessing
major merger and acquisition activities. In July 2015, Technicolor SA
announced the acquisition of the set-top box business of Cisco, Inc.
in order to enhance its positioning in the set-top boxes market.
The set-top boxes
market is segmented as below:
Set-Top Boxes
Market
By Type
Cable Set-Top
Boxes
Satellite
Set-Top Boxes
IPTV SET-Top
Boxes
HBB Set-Top
Boxes
By Video Quality
Standard
Definition Set-Top Boxes
High Definition
Set-Top Boxes
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and
Africa
Browse the Full
Press Release of Set-Top Boxes Market at:
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