The global set-top box market size is expected to grow by USD 4.19 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period.
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Technavio has announced its latest market research report titled Global Set-top Box Market 2020-2024 (Graphic: Business Wire)
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The integration of voice control into set-top boxes is one of the major factors propelling market growth.
The convenience provided by the integration of voice control into set-top boxes has increased their preference among consumers. This is encouraging vendors to focus on the development of voice control features for their set-top boxes. Moreover, vendors that do not have their voice technology are integrating the Google or Amazon voice functionality. New set-top boxes can be controlled using Google Assistant-enabled devices, including Google Home, Android phones, and iPhones. Furthermore, these new set-top boxes allow consumers to change channels and adjust television and A/V receiver volume. For instance, Dish Network started integrating Google Assistant into its Hopper, Hopper Duo, Joey, and Wally set-top boxes. The integration of voice control features into set-top boxes to make them more convenient to use will subsequently fuel the growth of the set-top box market during the forecast period.
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Global Set-top Box Market: Type Landscape
The increasing demand for high-definition televisions among consumers is increasing the preference for satellite set-top boxes as it provides a wide variety of programs with clear visuals and immersive surround sound. Additionally, satellite service providers are also using new compression standards such as MPEG-4, which allow vendors to provide more HD channels by streaming them efficiently. Market growth in this segment will be faster than the growth of the market in the DTT set-top box and cable set-top box segment.
Global Set-top Box Market: Geographic Landscape
APAC had the largest set-top box market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of households with TVs, decreasing TV subscription charges, and the launch of new set-top boxes with added functionalities will significantly influence set-top box market growth in this region. 52% of the market's growth will originate from APAC during the forecast period. US, China, Japan, and India are the key markets for set-top boxes in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- ABOX42 GmbH
- Advanced Digital Broadcast SA
- Broadcom Inc.
- CommScope Inc.
- DISH Network LLC
- Huawei Technologies Co. Ltd
- MyBox Technologies Pvt. Ltd.
- Roku Inc.
- Samsung Electronics Co. Ltd.
- and Technicolor SA.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Set-top Box Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in set-top box market growth during the next five years
- Estimation of the set-top box market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the set-top box market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of set-top box market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Satellite set-top box Market size and forecast 2019-2024
- DTT set-top box Market size and forecast 2019-2024
- IPTV set-top box Market size and forecast 2019-2024
- OTT set-top box Market size and forecast 2019-2024
- Cable set-top box Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: MARKET SEGMENTATION BY RESOLUTION
- Market segmentation by resolution
- Comparison by resolution
- HD set-top box Market size and forecast 2019-2024
- SD set-top box Market size and forecast 2019-2024
- 4K set-top box Market size and forecast 2019-2024
- Market opportunity by resolution
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Integration of new technologies into set-top boxes
- Declining prices of DRAM chips
- Increasing number of households with access to TV
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABOX42 GmbH
- Advanced Digital Broadcast SA
- Broadcom Inc.
- CommScope Inc.
- DISH Network LLC
- Huawei Technologies Co. Ltd
- MyBox Technologies Pvt. Ltd.
- Roku Inc.
- Samsung Electronics Co. Ltd.
- Technicolor SA
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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