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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The key players contributing to the growth of the global set-top box market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include Commscope (ARRIS International plc), Coship Electronics Co. Ltd., Huawei Technologies, Kaonmedia Co. Ltd., Sagemcom SAS, among others. For instance, in August 2021, Tata Sky announced its Made in India set-top boxes. The set-top boxes were built in India in collaboration with Technicolor Connected Home and Flextronics. In June 2021, Technicolor Connected Home began mass manufacturing of the set-top boxes designed for Tata Sky in collaboration with Flextronics in Chennai.
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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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