Set-Top Box Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Set-top box market size is anticipated to witness a 3.3% CAGR between 2024 and 2032 led by the surging demand for high-definition (HD) and ultra-high-definition (UHD) content.

As consumers increasingly seek enhanced viewing experiences, there has been a notable uptick in the adoption of advanced set-top boxes (STBs) that promise superior picture and sound quality. Furthermore, with the integration of smart technologies and internet connectivity, STBs are pivotal in the streaming services trend, granting users access to diverse content across platforms.

In various regions, governments and regulatory bodies are mandating digital TV standards, underscoring the essential role of STBs in receiving and decoding these digital signals. The rising penetration of high-speed internet, coupled with the surge in smart TV ownership is also amplifying the demand for multifunctional STBs. As per reports, around 79% of homes in the U.S. own a smart TV. Moreover, advanced STBs not only integrate with home automation systems but also support a myriad of multimedia formats.

The STB industry is divided into type, recording, end user, sales channel, and region.

Based on type, the market size from the cable segment is slated to witness significant growth during 2024-2032 due to the ongoing evolution and enhancement of cable television services. As cable providers upgrade their infrastructure to offer higher-quality content, including HD and UHD channels, they require advanced STBs to deliver these services effectively to consumers.

In terms of end user, the STB market from the commercial segment will foresee considerable growth up to 2032 owing to the increasing adoption of various applications, such as digital signage, in-store promotions, and corporate communications. Businesses and institutions are leveraging STBs to enhance customer engagement and deliver targeted content across multiple screens in public and commercial spaces.

North America set-top box industry is anticipated to witness substantial growth through 2032 attributed to the high consumer demand for advanced entertainment options and the widespread adoption of HD and 4K Ultra HD content. The robust broadband infrastructure supports the growing trend of integrated STBs that offer seamless access to streaming services, video-on-demand, and interactive features, adding to regional product development.

Product Code: 4922

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing adoption of OTT
  - 3.2.1.2 Increasing demand of 4K
  - 3.2.1.3 Rise of smart homes
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 High cost
  - 3.2.2.2 Lack of standardization
3.3 Growth potential analysis
3.4 Porter's analysis
3.5 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Set-Top Box Market Estimates and Forecast, By Type, 2021-2032 (USD Million)

5.1 Key trends
5.2 Cable
5.3 Satellite STB
5.4 IPTV/OTT
5.5 Hybrid

Chapter 6 Set-Top Box Market Estimates and Forecast, By Recording, 2021-2032 (USD Million)

6.1 Key trends
6.2 DVR
6.3 Non-DVR

Chapter 7 Set-Top Box Market Estimates and Forecast, By End Use, 2021-2032 (USD Million)

7.1 Key trends
7.2 Residential
7.3 Commercial

Chapter 8 Set-Top Box Market Estimates and Forecast, By Sales Channel, 2021-2032 (USD Million)

8.1 Key trends
8.2 Online
8.3 Offline

Chapter 9 Set-Top Box Market Estimates and Forecast, By Region, 2021-2032 (USD Million)

9.1 Key trends, by regions
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Apple Inc
10.2 ARRIS International
10.3 CommScope, Inc. (Arris)
10.4 Dish network Corporation
10.5 EchoStar Corporation
10.6 Huawei Technologies Co
10.7 Humax Co.
10.8 Intek Digital Inc
10.9 Kaon Media Co., Ltd.
10.10 Sagemcom SAS
10.11 Samsung Electronics
10.12 Shenzhen Skyworth Digital Technology
10.13 Skyworth Digital Co., Ltd
10.14 Technicolour SA
10.15 Vestel Incorporation
10.16 ZTE Corporation