Lewes, DE -- (SBWire) -- 12/14/2016 --Report forecast the global set-top-box market to grow at a CAGR of (4.83%) during the period 2016-2020.
STBs are devices that are connected to a TV at the user's premises. These devices allow users to receive unencrypted subscribed channels through an addressable system for viewing encrypted channels. The devices connect a TV to an external signal source and transform the transmitted signal into video content, which is then displayed on the TV screen. STBs can convert both analog and digital signals into visuals. There are four main types of STBs: cable, IPTV, satellite, and hybrid. STBs can be used to improve the picture quality and store videos. The digital format provides better sound and picture quality and an enhanced viewing experience with HD. STBs also include interactive services such as video on demand (VOD) and the freedom to pay only for specific channels.
The report covers the present scenario and the growth prospects of the global set-top-box market for 2016-2020. To calculate the market size, the report presents the vendor landscape of the top six vendors in the market and lists other prominent vendors in the market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the primary drivers in the market is increase in digitization of television networks. Digitization of cable networks has increasingly become predominant globally. Apart from improving the quality of cable networks, it allows network operators to keep a track of the actual number of subscribers, while the exact number of subscribers to analog signals could not be tracked. Governments of countries such as China and India are mandating the installing of STBs to increase transparency of money transfers. They will compel cable TV operators to pay the right amount of tax. One of the major concerns with the analog channel was signal tapping, which results in the loss of video quality. The rise in digitization is expected to increase the demand for STBs during the forecast period. Digitization provides consumers with a wider range of channels and better picture quality. With the help of digitization, service providers can offer more number of channels at a lower price. Digitization provides consumers with HD audios and videos at low costs.
Further, the report states that one major challenge in the market is high popularity of free online video streaming sites. Free internet TV services are offered to subscribers in several regions through a public network. The availability of free internet TV services is directly hindering the revenue of the STB market. To overcome the challenge, vendors must include additional features like social media in their STBs, which will help to attract customers. The popularity of websites for streaming online content is increasing, especially in the sports category. This limits the impact of services provided by STBs. A high percentage of these websites do not have copyrights. However, banning these websites under copyright infringement is impossible as these streams can be immediately hosted under a different domain name.
Global Set-Top-Box Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global set-top-box market: ARRIS, Broadcom, Comcast, Huawei Technologies, Pace, and Technicolor.
Other prominent vendors in the market are: ABOX42, ADB, Chicony Electronics, Comtrend, Coship Electronics, Eagle Kingdom Technologies, Edgecore Networks, Hansun Technologies, Humax, Hyundai Digital Technology, Lenovo, LG Electronics, Lung Hwa Electronics, MitraStar Technology, SAGEMCOM, Samsung Electronics, SandMartin, SDMC Technology, SetaBox Technology, SmartLabs, Sunniwell, SysMaster, TECHNOSAT, TechnoTrend Görler, Telsey, TiVo, Verismo Networks, Vestel, and ZTE.
Market driver
- Demand for technologically advanced devices.
- For a full, detailed list, view our report
Market challenge
- High popularity of free online video streaming sites.
- For a full, detailed list, view our report
Market trend
- Advances in motion sensor technology.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 57 pages and 30 Exhibits "Global Set-Top-Box Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by resolution, Geographical segmentation, Key leading countries, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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