Increasing use of interactive features and digitization are anticipated to fuel market expansion for set-top boxes globally over the course of the forecast period. It is anticipated that as digital TV usage grows, end users will seek more high definition (HD) broadcasting options. Additionally, compared to traditional cable services, the set-top box offers end customers a much wider range of channel options. Given the rapid rate of HD technology adoption, the demand for HD channels is anticipated to rise soon. Over the course of the forecast period, rising demand from emerging economies is anticipated to fuel the expansion of the worldwide set-top box market. Emerging markets including the Middle East & Africa, Latin America, and the Asia Pacific have greatly raised the demand for set-top boxes. In these regions, the transition to digital television began in many nations in 2006. However, the majority of them are still working towards a full switchover, and many nations are anticipated to finish the process over the predicted period. Set-top box HEVC decoding could open up attractive business potential.
According to Coherent Market Insights, The market for Set-Top Boxes was valued at US$ 20.4 billion in 2019 and is anticipated to grow at a CAGR of 6.4% from 2020 to 2027 to reach US$ 33.5 billion.
Top Companies in the Set Top Boxes Industry:
1. Humax Co., Ltd.
The company was started in 1989 and is based in Seongnam-si, South Korea. Leading gateway developer HUMAX is committed to giving consumers superior content delivery methods.Digital satellite receiver manufacture is the area of expertise for Humax Co., Ltd. The company also manufactures web boxes, digital terrestrial television STBs, and set top boxes (STBs) for cable television. Asia, North Africa, the Middle East, and Europe are among destinations for Humax exports.
2. Sagemcom SAS
The company was founded in 2008 and is based in Rueil-Malmaison, Ile-de-France, France. Equipment for communication is provided by Sagemcom SAS of Rueil-Malmaison. End-to-end solutions for broadband, audio, video, and the smart grid are provided by the company. SAGEMCOM delivered their next-generation hybrid set-top box, powered by AndroidTV, to Tim in July 2021.
3. Huawei Technologies Co., Ltd.
The company was started in 1987 and is based in Shenzhen, China. It creates, develops, produces, and markets a variety of rooftop solar goods, consumer electronics, smart gadgets, and telecommunications equipment. To strengthen its ties with the Biden administration, Huawei engaged Tony Podesta in July 2021 as a consultant and lobbyist.
4. Kaonmedia Co. Ltd.
The business was started in 2001 and is based in South Korea. The business specialised in the design and production of home gateways, set-top boxes, and other digital connectivity devices for telcos, internet operators, and pay-TV providers.
5. Technicolor SA
The company was founded in 1893 and has its main office in Paris, France. The business offers technological products and creative services to the media, entertainment, and communication sectors. Technicolour established Technicolour Creative Studios in May 2021, creating a global framework to guide its network of studios.
6. EchoStar Corporation
The company was started in 1980 and is located in Englewood, Colorado, United States. Satellite communication infrastructures are run by EchoStar Corporation. Enterprise clients, pay-TV operators, business customers, US government and military service providers, as well as media and broadcast organisations, can all benefit from the company's satellite broadband communication solutions.
7. Apple, Inc.
The company was started in 1976 and is based in Cupertino, California, United States. The business provides services for payments, digital content, the cloud, and advertising. Apple opened its first store under its own name in Mumbai, India, on April 18, 2023. Anyone in the US might access repair manuals and acquire replacement components for particular recent iPhones after Apple created an online store in April 2022.
Definition: A set-top box (STB), often known as a cable box, is a type of information appliance that typically has a TV tuner input and outputs video to a television.
