The global set-top box market is expected to grow exponentially in the forthcoming years. The rising personal disposable income levels and the surging demand for set-top box (STB) products across the commercial and household sectors are anticipated to boost the market growth. Fortune Business Insights™ has presented this information in an upcoming report, titled, “Set-top Box Market, 2024-2032”.
Technological advancements in STBs have revolutionized the entertainment industry. The rising demand for enabled STBs that feature the internet and android support is expected to create lucrative growth opportunities for the market.
Top Company Covered in the Set-top Box Market
Information Source: https://www.fortunebusinessinsights.com/set-top-box-market-104429
COVID-19 Impact-
The global pandemic has potentially boosted the growth of the set-top box market. Due to lockdowns and curfews, the stay-at-home agenda has amplified the consumers’ streaming activities. Online and offline streaming activities of consumers have increased during the pandemic. The demand for OTT streaming platforms, such a Netflix, Hulu, and Amazon Prime have dramatically increased during the pandemic. The demand for the internet and Android supporting set-top boxes has surged and is expected to rise monumentally during and post-pandemic.
Segmentation-
Based on type, the market is fragmented into satellite receiver box, IP, cable, and others. Based on content quality, the market is segmented into 4K & above, UHD, HD, and SD. Based on sales channels, the market is divided into online, third-part distributors retail outlets, and direct selling. Based on end-user, the market is bifurcated into commercial and residential. Geographically, the market is classified into five major regions- Europe, North America, South America, Asia Pacific, and the Middle East & Africa.
Report Coverage-