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Set-Top Box Market Trends

Report ID: GMI4922
Published Date: Jul 2024
Report Format: PDF

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Set-Top Box Market Trends

The shift from traditional cable and satellite TV to over the top OTT platforms such as Netflix come Amazon Prime Video and Disney plus which offer a variety of content and features to the users OTT platforms can be accessed through smart devices such as smartphones tablets laptops and smart TVs without the need for a set-top box however some users still prefer to use set-top boxes to access OTT services as they offer faster and smoother streaming, better sound and picture quality and personalised recommendations.

Smart set-top boxes can be integrated with other smart home devices and offer voice controller remote access features. The rise of smart homes is fuelled by technological advancement and the increasing consumer preference for convenience and comfort.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of set-top box reached USD 20.05 trillion in 2023 and is anticipated to register 3.3% CAGR between 2024 and 2032, led by growing adoption of OTT and increasing demand of 4K.

The satellite segment in the set-top box industry is expected to record 3.3% CAGR through 2032, due to its efficient signal reception and transmission technology compared to cable STBs.

Asia Pacific market is expected to witness 3.9% CAGR between 2024 and 2032, driven by factors rapid urbanization, digital transformation and changing consumer preferences.

Apple Inc, ARRIS International, CommScope, Inc. (Arris), Dish network Corporation, EchoStar Corporation, Huawei Technologies Co, Humax Co., Intek Digital Inc, Kaon Media Co., Ltd., and Sagemcom SAS, among others.