The new report by Expert Market Research titled, ‘Global 4K Set-Top Box Market Size, Share, Growth, Analysis, Trends, Report and Forecast 2023-2028’, 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.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 4.8 Billion
• Forecast CAGR (2023-2028): 4.10%
• Forecast Market Size (2027): USD 6.1 Billion
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.
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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.
4K Set-Top Box 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:
On the basis of region, the market is segmented into:
• North America
• Latin America
• Middle East and Africa
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4K Set-Top Box 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.
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