The global set-top box market is expected to grow at a significant CAGR of 4.1% during the forecast period (2023-2029). The major factors contributing to the growth of the global set-top box market include rising internet penetration and on-demand video services with demand for HD channels. According to the data of the International Telecommunication Union (ITU) 2020, more than 51% of the total population globally, or 4 billion individuals were using the internet, in 2019. Additionally, the rising demand for television will propel the growth of the market.
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A set-top box, sometimes known as a set-top unit, is a device that is specifically intended to show, receive, and decode digital signals on television. These signals can be either internet data or television signals, and they can be received through phone or cable. They often offer a greater number of channels than traditional cable systems, along with the ability for users to filter channels according to their own needs and requirements. These set-up boxes offer a variety of content quality options, including standard definition, high definition, and ultra-high definition.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Set-Top Box Market- Segmentation
By Product
- IPTV
- Satellite
- Cable
- DTT
- OTT
By Content Quality
- HD and Full HD
- 4K and Above
Global Set-Top Box Market- Segmentation by region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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