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Set Top Box Market: Development Insight and Manufacturers Challenge Competitors
[September 04, 2017]

Set Top Box Market: Development Insight and Manufacturers Challenge Competitors


The global set-top box market is estimated to be valued at US$ 22,269 Mn in 2017 and is projected to reach US$ 46,091 Mn by 2027 end. Sales revenue is expected to increase at a CAGR of 7.5% during the forecast period (2017–2027).

Due to increase in penetration of television and TV services within rural areas as well as urban areas, the set-top box market will receive a boost all across the APEJ region. Disposable incomes are on a rise in developing economies – especially in India and China – and this is helping the set-top box market turnover to grow. In the Asia Pacific region, consumers are more aware about the features, quality and pricing of the set-top box, helping the market achieve greater growth and acceptability.

Increasing demand of 4K TVs is expected to provide support to the growth of the set-top box market in North America. It has been observed that the demand for IPTV based services has increased by 12% and operators are viewing IP-based services as an opportunity to differentiate their products. IP transmission recording features and higher storage specifications are anticipated to support steady revenue growth of the North America set-top box market.

Browse Our Report @ http://www.futuremarketinsights.com/reports/set-top-box-market In the Asia Pacific region, domestic production of set-top boxes by local companies is leading to an increase in price competition with global set-top box manufacturers. Emerging companies are acting as competitors to the established players in the market, thus making the smooth operation of this market difficult.


It has been observed that set-top box vendors are focussed on supporting devices that enable seamless rendering of high-quality video on a powerful user interface and set-top box vendors have started manufacturing operation systems and app based set-top boxes. The global market is moving towards the 4K android customised set-top box and smart set-top boxes. It has been observed that in the past few years, set-top box manufacturers have shipped a large number of 4K set-top boxes in the APEJ region, and consumers are more aware about the technology and features of set-top boxes in this region.

In November 2015, the Chinese government banned 81 third party apps that allow users to turn television sets into internet streaming devices. The Chinese State Administration of Press, Publication, Radio, Film and Television proposed a rule for governing set-top boxes. In China and India respectively, governments have taken initiatives to focus on high definition pictures, towards HD channels and decline in TV prices. This has led to the growth of the set-top box market in the APEJ region. Manufacturers in this region have also utilised e-commerce retailers such as Alibaba, Ali Express, Amazon, Flipkart etc., and this has propelled the growth of this market.

Brochure With Latest Advancements With Application @ http://www.futuremarketinsights.com/reports/sample/rep-gb-4594 Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the set-top box market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global set-top box market.

This report will help you acquire the necessary competitive intelligence you may require for a successful stint in the global set-top box market and gather information on the leading market players and their key strategies that enable them to stay as leaders in this highly competitive market. The report also helps in learning about the key industry trends, opportunities and restraints that have a bearing on the global set-top box market. The report will help you go to market armed with pertinent insights on various product types and regional markets of the global set-top box market and enable you to get to know which product type is more popular in which region of the world so that you can make your investment accordingly.

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