PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1563960
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1563960
Set-Top-Box
Global Set-Top-Box Market to Reach US$32.5 Billion by 2030
The global market for Set-Top-Box estimated at US$26.6 Billion in the year 2023, is expected to reach US$32.5 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2023-2030. Satellite STB, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$9.5 Billion by the end of the analysis period. Growth in the DTT STB segment is estimated at 1.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.1 Billion While China is Forecast to Grow at 2.7% CAGR
The Set-Top-Box market in the U.S. is estimated at US$7.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Global Set-Top-Box Market - Key Trends and Drivers Summarized
Why Are Set-Top-Boxes Still in Demand Despite the Rise of Streaming Services?
Set-top-boxes (STBs) remain in demand despite the rapid growth of streaming services and smart TVs, as they continue to offer a reliable and cost-effective solution for accessing television content, especially in regions with limited broadband infrastructure. STBs provide a bridge between analog and digital TV, enabling viewers to access high-definition (HD), ultra-high-definition (UHD), and 4K content from satellite, cable, or terrestrial television providers. The increasing adoption of hybrid set-top-boxes, which combine traditional TV services with over-the-top (OTT) streaming platforms, is further driving their relevance in the evolving digital landscape. These hybrid models offer enhanced functionality, such as voice control, personalized content recommendations, and integration with smart home ecosystems, ensuring a seamless and versatile viewing experience.
How Are Technological Advancements Impacting the Set-Top-Box Market?
Technological advancements are significantly impacting the set-top-box market by enhancing content delivery, user experience, and security. The integration of Android-based operating systems, voice-activated controls, and AI-driven content recommendation engines is transforming traditional STBs into smart entertainment hubs. The emergence of cloud-based STBs allows for real-time software updates, remote management, and multi-screen viewing across devices, providing viewers with greater flexibility and convenience. Additionally, advancements in hardware, such as higher processing power, increased memory, and support for 4K and HDR content, are elevating the performance and visual quality of STBs. The focus on enhanced security features, such as advanced encryption and anti-piracy mechanisms, is also addressing concerns related to content piracy and data privacy, making STBs a preferred choice for secure content distribution.
Which Market Segments Are Leading the Adoption of Set-Top-Boxes?
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Set-Top-Box - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
III. MARKET ANALYSIS
IV. COMPETITION
