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Tuesday, May 31, 2022

Global 4K Set-Top Box Market to be Driven by Increasing Digitisation of Cable TV Networks in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global 4K Set-Top Box Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Global 4K Set-Top Box Market, assessing the market based on its segments like type, communication type, application, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

• Historical Market Size (2021): USD 4.8 Billion
• Forecast CAGR (2022-2027): 4.10%
• Forecast Market Size (2027): USD 6.1 Billion

Market Overview (2017-2027)

With growing demand for ultra-HD channels and high-quality content in countries such as India and China, the Asia Pacific 4K set-top box market is expected to rise rapidly. The popularity of smart TVs and over-the-top (OTT) services like Disney+ Hotstar, Amazon Prime Video, and Netflix, among others, can also be linked to the industry's rise. The market for 4K set-top boxes is booming, thanks to China's role as a major producer and user of consumer electronics such as Android TV, 4K TV, and other high-definition televisions. Major advancements in digital technology, as well as an increase in the use of broadband services, are propelling the market forward.

Industry Definition and Major Segments

A digital broadcasting device that links to a television is a 4K set-top box (STB) (TV). It converts signals received over a cable or phone connection into visuals. It includes a RAM, web browser, MPEG decoder chip, and operating system, as well as video conferencing, home networking, video-on-demand, and internet protocol (IP) telephony.

On the basis of type, the market is segmented into:

• Internet Protocol Television (IPTV)
• Digital Terrestrial Television (DTT)
• Over-The-Top set-top boxes (OTT)
• Satellite Television
• Hybrid Television Set-top Box

On the basis of application, the market is divided into:

• Residential
• Commercial

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia
• Latin America
• Middle East and Africa

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Market Trends

The increasing digitalisation of cable TV networks and developments in digital broadcasting technologies are two important factors driving market growth. As a result of rapid urbanisation, rising disposable income, and rising living standards, the adoption of direct-to-home (DTH) services and smart TVs is increasing, fueling market expansion. The growing popularity of on-demand entertainment services such as movies, music, videos, and games, as well as the increased demand for Over-the-Top (OTT) media services, are also driving market expansion. Furthermore, the major manufacturers are offering product variations with varied storage options that provide access to internet video streaming platforms and social media, boosting the market's growth.

Key Market Players

The major players in the market are Technicolor SA, Roku, Inc., Infomir Group, Huawei Technologies Co., Ltd., Humax Co., Ltd., DISH Network Corporation, Tata Sky, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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