SET TOP BOX (STB) CHIPSET MARKET ANALYSIS

Set Top Box (STB) Chipset MarketSize and Trends

Global set top box (STB) chipset market is estimated to be valued at US$ 5,513.6 Mn by 2030.

A set-top box (STB) is a hardware device that receives a digital signal, decodes it, and presents it on a television screen. This process necessitates the use of a computing device capable of converting digital signals to analog signals. Consequently, the set-top box contains an embedded chipset that performs this conversion. The chipset comprises memory, input and output ports, and secondary storage. The set-top box is composed of a System on Chip (SOC) and front end chips. The SOC contains digital, analog, or mixed signals depending on the specific requirements. The front end section of the set-top box is responsible for receiving the transmitted signal, demodulating it, and providing a digital data output for the set-top box's decoder chip. Depending on the broadcasting environment, whether terrestrial, satellite, or cable, specific front end chips are utilized. Global set top box (STB) chipset market is expected to witness significant growth during the forecast period (2023–2030), owing to the integration of artificial intelligence (AI) technology into set top box chipsets. Rising awareness regarding internet-based set top boxes such as IPTV (Internet Protocol Television) is expected to boost demand for set top box chipsets. For instance, in December 2020, MediaTek Inc., a Taiwanese fabless semiconductor company that provides chips for wireless communications, high-definition television, handheld mobile devices joined MLCommons, an engineering consortium company, in partnership with technology companies such as Google, Microsoft, Facebook, Alibaba, and others to enhance artificial intelligence standards in chipset development.

Global Set Top Box (STB) Chipset Market- Trends

Reducing Nanometer in Chipset

Rising trend of reducing nanometer in chipsets as reducing nanometer in chipsets projects provides higher performance and efficiency is expected to drive the market growth. Increasing number of transistors in chipsets allows fast processing in set top boxes. For instance, IBM, a U.S.-based multinational technology corporation, offers 2 nm semiconductor chip design. This new chip is projected to achieve 45% higher performance and 75% lower energy.

Growing Demand for Set-Top Box Chipsets Driven by the Surging Popularity of OTT Services

Increasing preference for over-the-top (OTT) services such as Netflix, Amazon Prime Video, and Hulu is boosting the need for set-top box chipsets that can effectively deliver these services to televisions. Chipset manufacturers are actively working on developing solutions that ensure seamless streaming, incorporate content recommendation algorithms, and offer user-friendly interfaces for convenient access to OTT content.

Global Set Top Box (STB) Chipset Market- Drivers

Integration of 5G and Wi-Fi Connectivity in Set Top Boxes

The integration of 5G and Wi-Fi connection in set-top boxes has provided customers with new video experiences that feature low latency, fast speed, and high reliability. Furthermore, the integration of connectivity in set-top boxes provides high speed and 4K UHD video service with rich video content. For instance, in February 2022, ZTE Corporation, a provider of telecommunications, enterprise, and consumer technologies solutions, announced the launch of a 5G media gateway set-top box (STB) ZXV10 at the upcoming Mobile World Congress 2022 in Barcelona, Spain. This set-top box offers customers fast speed and connectivity.

Improvement in Content Technology such as 4K, High Definition, and Others

Advanced technology such as 4K in TV has gained popularity as customers seek ultra-high definition visual quality. Such TVs require a 4K set top box that requires more processing power than an HD or full HD set top box. As a result of the growing customer demand, numerous set-top box chipset makers are launching 4K chipsets. For instance, in November 2020, HiSilicon (Shanghai) Technologies Co., Ltd., a semiconductor design company, announced the launch of next-generation 4K and 8K chipsets with CUVA HDR, AVS2, AVS3, 3D Audio, and China DRM technical standards for STB.

Market size: The market size for set top box (STB) chipsets was estimated at US$ 3,603.0 Mn in 2022.

Forecast Period: The forecast period is from 2023 to 2030.

The projected compound annual growth rate (CAGR) for the market during this forecast period is 6.3%, with an estimated market value of US$ 5,513.6 Mn by 2030.