Set Top Box Technology Market 2015 is estimated to grow $24.3 billion by 2022

Deerfield Beach, FL -- (SBWire) -- 07/26/2016 --The Set Top Box market is expected to reach $24.3 billion by 2022. The market for set top box is driven by increasing demand for High Definition (HD) channels, digitization of TV broadcasting, government regulations, technological advancements in television, and increasing demand for higher picture quality. Furthermore, better quality of signal transmission, introduction of pause and play facility, live streaming by internet users, smart phones and tablets are the add ups for the market growth. High initial costs and package costs of pay channels are limiting the market growth.

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Due to large-scale implementation, IPTV is expected to witness significant growth in set top box market. High Definition Set-Top Boxes (HD STBs) are expected to dominate the market driven by its high popularity during the forecast period. Cable STBs and IP STBs have promising market during the forecast period. North America and Europe are the matured markets due to early adoption of technology. Asia Pacific is poised to witness rapid growth owing to rapid digitization, increasing adoption in India and China, and favorable government mandates.

The key players of the market include, Huawei Technologies Co., Ltd., Apple Inc., Samsung, Humax Inc., EchoStar Corporation, Skyworth Digital Holding Co. Ltd., Cisco systems Inc., Sagemcom SAS., Netgem, SichuanChanghong Co. Ltd., ARRIS Group, Technicolor, Comcast, Broadcom, Pace and Lenovo.

Set Top Box Market, By Video Quality:
- High Definition Set-Top Boxes (HD STBs)
- Standard Definition Set-Top Boxes (SD STBs)

Set Top Box Market, By Technology:
- Satellite Direct-To-Home (DTH)
- Direct Terrestrial Transmission
- Internet Protocol Television (IPTV)

Set Top Box Market, By Product Type:
- Hybrid STBs
- Satellite STBs
- Cable STBs
- IP STBs

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

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