The global set-top boxes market is expected to reach a value of US$ 24.00 Bn by 2022. The market is estimated to grow at a CAGR of 6.4% during the forecast period from 2015 to 2022.
Albany, NY -- (SBWIRE) -- 08/08/2016 -- Transparency Market Research announces the release of a new report, titled "Set-Top Boxes Market Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022." According to the report, the global set-top boxes market is projected to increase from a value of US$14.4 bn in 2014 to US$24 bn by 2022. If these values hold true, the global market for set-top boxes is anticipated to register a 6.4% CAGR therein.
Set-top boxes are devices used to broadcast content via a television. Modern set-top boxes offer two-way communication with interactive services along with cable. This enables a host of services ranging from ordering pay-per-view to complete access to the internet.The global market for set-top boxes has been studied on three fronts: Type, geography, and video quality.
By video quality, the set-top boxes market is bifurcated into high definition set-top boxes and standard definition set-top boxes. Among these, HD set-top boxes held a 66% share in the market in 2014 and this segment is likely to retain its dominance through 2022.
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Based on type, the market for set-top boxes is segmented into satellite, HBB, cable, and IPTV set-top boxes. Accounting for a 34% share in 2014, cable set-top boxes dominated the overall market owing to a significant section of paid TV operators using these set-top boxes in most developing countries. The IPTV set-top boxes segment is projected to register the highest CAGR of 10.7% during the forecast period owing to the rising popularity of mobile TV and a surge in internet video traffic.
On the basis of geography, the set-top boxes market comprises Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Asia Pacific presently dominates the global set-top boxes market with a 31% share in the overall market in 2014. Driven by a massive paid TV subscriber base and a rapid digitization switchover, Asia Pacific is anticipated to also be the fastest growing regional segment of the set-top boxes market, registering a 9.9% CAGR from 2015 to 2022.
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Considering the early digitization switchover in North America, the market for set-top boxes in this region has already reached a point of maturation. However, the adoption of HBB and IPTV set-top boxes is anticipated to act as a spur to the North America set-top boxes market in the coming years.
Some of the leading companies competing in the set-top boxes market are Huawei Technologies Co., Ltd., Technicolor SA, Humax Co., Ltd., Kaonmedia Co. Ltd., EchoStar Corporation, Samsung Electronics Co. Ltd., ADB (Advanced Digital Broadcast) SA, Apple, Inc., ARRIS Group, Inc., and Sagemcom SAS. The size, performance, and contribution of these market players have been examined in detail in the research report, based on attributes such as company overview, product portfolio, business strategies, financial standing, and recent developments. A SWOT analysis of the leading players sheds light on their strengths, weaknesses, opportunities, and threats.
Set-Top Boxes Market, by Type
Cable Set-Top Boxes
Satellite Set-Top Boxes
IPTV SET-Top Boxes
HBB Set-Top Boxes
Set-Top Boxes Market, by Video Quality
Standard Definition Set-Top Boxes
High Definition Set-Top Boxes
Set-Top Boxes Market, by Geography
Middle East and Africa
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