Set-Top Box (STB) Market Insights:
The global set-top box market is likely to register notable revenue growth. The rising demand for high-definition TV content would drive market growth. Market Research Future (MRFR) confirms that the global set-top box market is poised to escalate from USD 14.2 BN in 2022 to USD 26.5485 BN by 2032, growing at a 7.2% CAGR during the review period (2023-2032).
Moreover, rising consumer preference for watching high-quality videos on their TVs escalates the set-top box market value. The rising penetration of set-top boxes worldwide, alongside the rapidly increasing media and entertainment industry, accelerates market shares. The proliferation of connected or remote services and compatible apps boost the demand for set-top boxes.
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Key Players:
- EchoStar Corporation
- Samsung Group
- Apple Inc.
- ARRIS International PLC.
- Sagemcom SAS
- Kaonmedia Co.Ltd
- Vishay InterTechnology Inc.
- Google LLC,
are the notable vendors in the Set-Top Box (STB) market.
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Set-Top Box (STB) Market Regional Analysis:
APAC leads the global set-top box market, witnessing many subscriptions across the region. People in Asian countries largely depend on TV for entertainment and prefer HD viewing and smart & digitally innovative TVs. India and China account for significant set-top box market share, witnessing huge adoption across the region.
Set-Top Box (STB) Market Segmentation:
The market report is segmented into product type, content quality, service, end-user, and region. The product type segment comprises internet protocol TVs, cables, digital terrestrial televisions, satellites, and others. The content quality segment comprises 4K, high definition (HD), standard definition, and others.
The service segment comprises interaction services (high-speed internet television, video on demand, video conferencing, etc.), managed services (screening, repairing, testing, etc.), and other services. The end-user segment comprises residential and commercial. By region, the set-top box market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
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Jul.07, 2023 --- Rooter, a popular streaming & gaming platform in India, announced a partnership with Jio, the country's largest mobile network operator. The esports and gaming content platform will bring content to Indian TVs through Jio's set-top-box (JioSTB) services. Rooter has become the first app to be featured on the JioStore ecosystem by integrating into JioSTB. The partnership will enable JioSTB customers to watch Rooter's esports and gaming content on their TVs.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
