Market Revenue Set Top Box (STB) Industry Revenue, Chain Supply

Set Top Box (STB) Industry Revenue, Chain Supply, Key Market
Driver Analysis Forecast 2024
“Set Top Box (STB) Market size was estimated at USD 17.14 billion in 2015 and
is anticipated to reach USD 29.78 billion by 2024. The market is expected to
witness significant demand over the forecast period on account increasing
penetration of High Definition (HD) channels among consumers and the rising
adoption of smart TVs.”
The global Set Top Box (STB) Market size was estimated at USD 17.14 billion in 2015 and is anticipated to reach
USD 29.78 billion by 2024. The market is expected to witness significant demand over the forecast period on
account increasing penetration of High Definition (HD) channels among consumers and the rising adoption of
smart TVs. Increased the storage space in modern Set Top Box (STB) devices to enable caching of data broadcasts
and improved personal video recording. Increasing demand for high-quality picture and sound coupled
technological advancements are anticipated to fuel the Set Top Box (STB) market over the forecast period. Key
players in the market include digital satellite providers, cable providers and telecommunication companies.
Major infrastructural providers are undertaking strategic partnerships and mergers with content and software
providers on account of increased need for better interactive content. This has enabled seamless interactive
content for consumers. Major infrastructure providers include Ericsson, SysMaster, Cisco, IBM and Elitecore.
Regional content for the rural consumers and higher volume of 3D content creation for urban consumers as a
result of digitization is expected to augment market growth. Further, it is expected to fuel demand for HD and
3D TV sets. Consumers are accessing high-quality picture and sound and installing set-top boxes and with the
digitization of cable. The TV screens are getting bigger and better thereby making SD quality undesirable for a
high-quality viewing experience. The global market is anticipated to present considerable opportunities for
market growth over the forecast with the rise of innovative products including, 4K UHD TVs, 3D smart interactive
TVs and OLED TVs, years.
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