San Francisco, Oct 04 The
global Set
Top Box (STB) market size is anticipated to reach USD 29.78
billion by 2024, according to a new report by Grand View Research, Inc.
Factors, such as a compliance with the stringent regulations mandating the
digitization of cable TV and the subsequent migrations toward digital TV from
analog TV, have increased the global demand for set top boxes.
With
an increase in the disposable income and the emerging middle-class population,
the demand for media-rich home entertainment services is increasing among the
consumers. With the growing demand for interactive digital entertainment
services, the set top box industry is expected to present significant
innovative and new revenue generation opportunities in the near future.
An
emerging trend amongst the STB manufacturers is to provide remote control-less
mobile-controlled TV operating systems, by adopting interfaces developed by
companies such as Google, Firefox, and Roku. These companies utilize dedicated
set top box devices for accessing such contents.Contemporary STBs are being
used as content servers, acting as video sources for various devices including
other set top boxes, digital televisions, personal computers, and other
consumer electronics devices.
Browse full research report on Set Top Box (STB) Market:
www.grandviewresearch.com/industry-analysis/the-global-set-top-box-market
Further key findings from the report suggest:
- DTT set top
box dominated the market, accounting for over 25% of the global revenue in
2015. Optimum bandwidth usage through DTT is expected to fuel the demand
for such STBs.
- The global
market for 4K STB was valued over USD 350 million in 2015 and is presumed
to witness a significant growth in the near future. The growth can be
attributed to the rising in clination of global population toward
ultra-high definition video viewing.
- The Asia
Pacific region dominated the overall market share in 2015 and is expected
to retain its dominance over the forecast period. The increasing consumer
acceptance of technologically advanced products and government regulations
mandating cable digitization across the region are presumed to spur the
regional market growth.
- STB Original
Equipment Manufacturers (OEMs) and operators are heavily influenced by
regulatory bodies and standard groups. For instance, to promote consumer
electronics interoperability and retail STB competition, regulatory
standards, such as DVB-CI+ in Europe and CableCARD in North America, are
enabling the third-party STB vendors to become a part of the operator
ecosystem.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/digital-media
Grand
View Research has segmented the Set Top Box (STB) market based on product,
content quality, and region.
Global
Product Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2024)
- IPTV
- Satellite
- Cable
- DTT
- OTT
Global
Content Quality Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 -
2024)
- SD Set Top
Box
- HD Set Top
Box
- 4K Set Top
Box
Regional
Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/set-top-box-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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