Global HD Set-Top Box (STB) Market is Projected to Reach USD 22.5 billion USD by 2022

The HD Set-Top Box (STB) industry was 14615.49 million USD in 2017 and is projected to reach USD 22499.91 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 9.01% between 2017 and 2022. 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. SD STB is gradually being replaced by HD STB.

The industry is not concentration, the key brand include Arris (Pace), Technicolor (Cisco), Apple, Echostar, Humax, Sagemcom, Samsung, Roku, Skyworth Digital, Huawei, Jiuzhou, Coship, Changhong, Unionman, Yinhe, ZTE, Hisense and so on.

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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.

Global HD Set-Top Box (STB) Market is Projected to Reach USD 22.5 billion USD by 2022

Due to fast digitalization of television viewing services, set-top box manufacturers are able to capitalize upon the market, as a large section of the population is switching from cable TV services to set-top boxes. Set-top boxes also offer better and more HD quality channels, thereby propelling the market growth.

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To be in the game, many established players are heavily investing in research and development to implement modern semiconductor technologies and software. Mergers and acquisitions are also taking place between paid TV operators and set-top box manufacturers.

All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world’s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies.

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.

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