The global set-top box market reached a value of US$ 22.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.2 Billion by 2027, exhibiting a CAGR of 1.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A set-top box (STB), also known as a set-top unit, is a hardware device that receives, decodes and displays signals from digital television (DTV) broadcasts on a television. It is necessary for television viewers who use analog television sets to receive digital broadcasts. It is also used in cable, satellite, and over-the-air (OTA) television systems. In addition, STB also includes a web browser, RAM, MPEG decoder chip and an operating system that coordinate access to files, programs, interfaces and services. It can also perform complex functions such as video conferencing, home networking, video-on-demand and internet protocol (IP) telephony.

The growing digitization of television networks and advancements in digital broadcast technologies are the key factors driving the growth of the market. Consumers are increasingly demanding seamless, high-quality video streaming along with value-added services such as channel pack subscriptions, HD channels and interactive videos. Additionally, there has been widespread adoption of set-top boxes in recent years. The increasing affordability of smart TVs coupled with the rapid proliferation of Over the Top (OTT) media services has allowed the viewers to access the content of their choice without paying an additional fee. Moreover, various technological advancements such as the introduction of motion sensors, Bluetooth connectivity, IOT (Internet of Things) integration along with support for interactive gaming platforms, virtual reality and artificial intelligence have significantly driven the demand for the product. Furthermore, factors such as the implementation of governmental policies mandating the installation of set-top boxes in several countries along with rising disposable incomes are also positively impacting the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global set-top box market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, resolution, end-user, service type and distribution.

Breakup by Type:

Cable STB
Satellite STB
Digital Terrestrial Television (DTT) STB
Internet Protocol (IP) STB
Over-The-Top (OTT) STB

Breakup by Resolution:

HD (High Definition)
SD (Standard Definition)
UHD (Ultra-High Definition)

Breakup by End-User:

Residential
Commercial
Others

Breakup by Service Type:

PayTV
Free-to-Air

Breakup by Distribution:

Online Distribution
Offline Distribution

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ARRIS International, HUMAX Electronics, DISH Network, Roku, Huawei Technologies Co., Technicolor, Apple Inc., Google Inc., Samsung Group, EchoStar Corporation, Shenzhen Skyworth Digital Technology Co. Ltd., etc.
Key Questions Answered in This Report
1. What is the size of the global set-top box market?
2. What is the expected growth rate of the global set-top box market?
3. What are the key factors driving the global set-top box market?
4. What has been the impact of COVID-19 on the global set-top box market?
5. What is the breakup of the global set-top box market based on the type?
6. What is the breakup of the global set-top box market based on the resolution?
7. What is the breakup of the global set-top box market based on the end-user?
8. What is the breakup of the global set-top box market based on the service type?
9. What is the breakup of the global set-top box market based on the distribution?
10. What are the key regions in the global set-top box market?
11. Who are the key players/companies in the global set-top box market?