- 14 March 2019 22:38
Global 4K Set Top Box Market Expected To Generate A Highest CAGR By 2028
Set-top box (STB) is a device that converts digital broadcast signals to analog or TV signals. The device has a TV-tuner input connected to a display output such as a television or a projector which is operated via an external source of signal broadcaster (a remote or a smartphone). 4K set top box plays ultra-high-definition quality videos, with a pixel resolution of 3840 pixels X 2160 lines.
Increasing demand for smart TVs & 4K TVs, and rising digitization are major factors driving growth of the global 4K Set Top Box Market. In addition, government initiatives towards compulsory installation of set top boxes is another factor driving growth of the global 4K set top box market. Moreover, some digital broadcast providers such as Tata Sky, Airtel etc. are offering 4K set top box to provide ultra HD video quality and enhanced viewing experience. Also, these digital broadcast providers have exchange offer, were a user can upgrade his old set top box to a 4K set top box, with some additional charges. This factors are expected to further drive growth of the global 4K set top box market over the forecast period. Rising demand for home entertainment services and mini-theaters are further boosting demand for 4K set top box, which is another factor fueling growth of the global market.
North America dominates the global 4K set top box market and is expected to witness considerable growth over the forecast period. The market in Asia Pacific accounts for third position in the global 4K set top box market in terms of revenue contribution and is expected to register highest CAGR of XX.X% during the forecast period. This growth can be attributed to increasing digitization, increasing demand for 4K TVs, and increasing disposable income among individuals in countries in the region.
The 4K Set Top Box Market is segmented on the Basis of product type and regions. On the basis of product type, the global market is segmented into IPTV, Satellite, DTT, OTT, Hybrid. The Satellite segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Infomir LLC, HUMAX Electronics Co., Ltd., SAGEMCOM, Technicolor SA, Roku Inc., DISH Network L.L.C., Arion Technology