A study projecting that set-top box industry’s exponential growth has been released. Published by QY Research, “Global Set-Top Box (STB) Market 2018 Professional Survey and Industry Forecast 2025” predicted that the set-top box market is expected to balloon in the coming years.
The set-top box market study concentrated on the leading manufacturers in Europe, North America, China, India, and Japan. The other regions like Southeast Asia, South America, Central America, Africa, and the Middle East were also discussed.
The major producers and consumers, production, consumption, and production capacity in these geographical spheres where tackled. Information regarding the value, growth opportunity and market share in these regions were also included.
Simply known as the cable box, a set-top box or set-top unit is a device comprising a TV-tuner input. It displays output to a TV set and an external source of a signal. The latter is transformed into content that can be displayed on the TV screen or other display equipment.
Set-top boxes are used in satellite TV, cable TV, and over-the-air TV systems, among others. Among the major companies included in the report are leading brands like Samsung, Skyworth Digital, Changhong, Technicolor (Cisco), and Apple. It also comprised other mainstream labels such as Huawei, Roku, and Hisense.
Digital cable, terrestrial digital, Internet Protocol TV, satellite digital, and others are among the categories discussed in the report. The price, revenue, production, growth rate, and market share of every kind were analyzed.
The review indicated that investors for the set-top box market have remained optimistic despite the competitive industry landscape. In fact, new investments are on the horizon.
New set-top box manufacturing companies are recommended to have not only the investment and infrastructure funding but also the technical advantage to thrive in this highly competitive business.
According to this comprehensive report, the global set-top box market is valued at $21.5 billion in 2017. This figure is expected to reach $23.9 billion by 2025 at a compound annual growth rate of 1.3 percent during the 2018 to 2025 forecast period.
The analysis focused on the different factors restraining or driving the set-top box sector’s growth. With forward-looking perspective, identifying the high growth segments of the industry, the publication looked into the changing competitive dynamics.
This reliable source facilitates readers to comprehend the opportunities in the set-top box market for stakeholders.