The Latin America, Middle East and Africa Set Top Box Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
Governments in developing countries have made rules mandating the installation of set-top boxes. And, STB companies' deployment of open OS-based devices, and analogue switch-off transition in developing countries are all factors behind the increasing demand for STBs.
With rising disposable income and a growing middle-class population in developing countries, consumer demand for media-rich home entertainment services is on the rise. As a result, the market incumbents are seeing new opportunities since demand for next-generation Set Top Boxes (STBs) that can support internet-based services, Video on Demand (VoD), and television transmission grows.
Due to the enhanced and personalized experience that Android STBs can provide, there is a substantial increase in demand for them. Along with that, the demand for Android STBs is being fueled by features such as a vibrant app ecosystem, voice recognition, TV Input Framework (TVIF), and video conferencing. Multiple connectivity choices, such as Wi-Fi, Ethernet, HDMI, and Bluetooth, are also boosting demand for the most recent STB models. The incorporation of modern technologies in the latest STB models, such as Bluetooth Low Energy (BLE), voice-enabled remote, and Full HD and 4K/8K resolution support, to set them apart from conventional set top boxes, also presents significant growth potential for the market throughout the forecast period.
The growing popularity of over-the-top (OTT) services in the Latin American region has prompted manufacturers to release new IPTV and hybrid STBs. Claro Company, for example, debuted the Hybrid Claro TV Box in all Latin American nations in April 2021. Through multiple OTT platforms, this STB enables access to free-to-air networks, Facebook Watch, YouTube, and diverse material from America Movils Brazilian. Furthermore, in October 2020, Izzitv teamed with Mirada, a Mexican firm, to develop an Android Hybrid STB that supports foreign channels and VoD services and is equipped with Android OS features such as the Google Play Store.
Latin America is predicted to be a flourishing market for set-top box services in the upcoming time period. Due to intense competition between regional internet service providers across the region, the public have gotten access to high speed internet at a relatively low price. Several government-approved digitization projects have sparked demand for advanced set-top boxes at the same time.
The Brazil market dominated the LAMEA Set Top Box Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $665.8 Million by 2027. The Argentina market is poised to grow at a CAGR of 5.8% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 5% during (2021 - 2027).
Based on Product, the market is segmented into Cable, Satellite, DTT, IPTV, and OTT. Based on Resolution, the market is segmented into HD & FHD, SD, 4K & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Set Top Box Market is Predict to reach $28.7 Billion by 2027, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG CNS Co., Ltd., Advanced Digital Broadcast SA, Shenzhen Cozhou Electronics Co., Ltd., EchoStar Corporation, Kaonmedia Co., Ltd., Sagemcom Broadband SAS, Technicolor SA, CommScope Holding Company, Inc., Samsung Electronics Co., Ltd., and Huawei Technologies Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Cable
- Satellite
- DTT
- IPTV
- OTT
By Resolution
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- LG CNS Co., Ltd.
- Advanced Digital Broadcast SA
- Shenzhen Cozhou Electronics Co., Ltd.
- EchoStar Corporation
- Kaonmedia Co., Ltd.
- Sagemcom Broadband SAS
- Technicolor SA
- CommScope Holding Company, Inc.
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Set Top Box Market, by Product
1.4.2 LAMEA Set Top Box Market, by Resolution
1.4.3 LAMEA Set Top Box Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.1 Market Restraints
Chapter 3. Strategies deployed in Set Top Box Market
Chapter 4. LAMEA Set Top Box Market by Product
4.1 LAMEA Cable Market by Country
4.2 LAMEA Satellite Market by Country
4.3 LAMEA DTT Market by Country
4.4 LAMEA IPTV Market by Country
4.5 LAMEA OTT Market by Country
Chapter 5. LAMEA Set Top Box Market by Resolution
5.1 LAMEA HD & FHD Market by Country
5.2 LAMEA SD Market by Country
5.3 LAMEA 4K & Others Market by Country
Chapter 6. LAMEA Set Top Box Market by Country
6.1 Brazil Set Top Box Market
6.1.1 Brazil Set Top Box Market by Product
6.1.2 Brazil Set Top Box Market by Resolution
6.2 Argentina Set Top Box Market
6.2.1 Argentina Set Top Box Market by Product
6.2.2 Argentina Set Top Box Market by Resolution
6.3 UAE Set Top Box Market
6.3.1 UAE Set Top Box Market by Product
6.3.2 UAE Set Top Box Market by Resolution
6.4 Saudi Arabia Set Top Box Market
6.4.1 Saudi Arabia Set Top Box Market by Product
6.4.2 Saudi Arabia Set Top Box Market by Resolution
6.5 South Africa Set Top Box Market
6.5.1 South Africa Set Top Box Market by Product
6.5.2 South Africa Set Top Box Market by Resolution
6.6 Nigeria Set Top Box Market
6.6.1 Nigeria Set Top Box Market by Product
6.6.2 Nigeria Set Top Box Market by Resolution
6.7 Rest of LAMEA Set Top Box Market
6.7.1 Rest of LAMEA Set Top Box Market by Product
6.7.2 Rest of LAMEA Set Top Box Market by Resolution
Chapter 7. Company Profiles
7.1 LG CNS Co., Ltd. (LG Corporation)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Product Launches and Product Expansions:
7.2 Advanced Digital Broadcast SA
7.2.1 Company Overview
7.3 Shenzhen Cozhou Electronics Co., Ltd.
7.3.1 Company Overview
7.4 EchoStar Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Kaonmedia Co., Ltd.
7.5.1 Company Overview
7.6 Sagemcom Broadband SAS
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 Technicolor SA
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 CommScope Holding Company, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Product Launches and Product Expansions:
7.9 Samsung Electronics Co., Ltd. (Samsung Group)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 SWOT Analysis
7.10. Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Set Top Box Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Set Top Box Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 4 LAMEA Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 5 LAMEA Cable Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Cable Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Satellite Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Satellite Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA DTT Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA DTT Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA IPTV Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA IPTV Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA OTT Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA OTT Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 16 LAMEA Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 17 LAMEA HD & FHD Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA HD & FHD Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA SD Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA SD Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA 4K & Others Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA 4K & Others Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Set Top Box Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Set Top Box Market by Country, 2021 - 2027, USD Million
TABLE 25 Brazil Set Top Box Market, 2017 - 2020, USD Million
TABLE 26 Brazil Set Top Box Market, 2021 - 2027, USD Million
TABLE 27 Brazil Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 28 Brazil Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 29 Brazil Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 30 Brazil Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 31 Argentina Set Top Box Market, 2017 - 2020, USD Million
TABLE 32 Argentina Set Top Box Market, 2021 - 2027, USD Million
TABLE 33 Argentina Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 34 Argentina Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 35 Argentina Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 36 Argentina Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 37 UAE Set Top Box Market, 2017 - 2020, USD Million
TABLE 38 UAE Set Top Box Market, 2021 - 2027, USD Million
TABLE 39 UAE Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 40 UAE Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 41 UAE Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 42 UAE Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 43 Saudi Arabia Set Top Box Market, 2017 - 2020, USD Million
TABLE 44 Saudi Arabia Set Top Box Market, 2021 - 2027, USD Million
TABLE 45 Saudi Arabia Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 46 Saudi Arabia Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 47 Saudi Arabia Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 49 South Africa Set Top Box Market, 2017 - 2020, USD Million
TABLE 50 South Africa Set Top Box Market, 2021 - 2027, USD Million
TABLE 51 South Africa Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 52 South Africa Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 53 South Africa Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 54 South Africa Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 55 Nigeria Set Top Box Market, 2017 - 2020, USD Million
TABLE 56 Nigeria Set Top Box Market, 2021 - 2027, USD Million
TABLE 57 Nigeria Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 58 Nigeria Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 59 Nigeria Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 60 Nigeria Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 61 Rest of LAMEA Set Top Box Market, 2017 - 2020, USD Million
TABLE 62 Rest of LAMEA Set Top Box Market, 2021 - 2027, USD Million
TABLE 63 Rest of LAMEA Set Top Box Market by Product, 2017 - 2020, USD Million
TABLE 64 Rest of LAMEA Set Top Box Market by Product, 2021 - 2027, USD Million
TABLE 65 Rest of LAMEA Set Top Box Market by Resolution, 2017 - 2020, USD Million
TABLE 66 Rest of LAMEA Set Top Box Market by Resolution, 2021 - 2027, USD Million
TABLE 67 Key Information – LG CNS Co., Ltd.
TABLE 68 Key Information – Advanced Digital Broadcast SA
TABLE 69 Key Information – Shenzhen Cozhou Electronics Co., Ltd.
TABLE 70 Key Information – EchoStar Corporation
TABLE 71 Key Information – Kaonmedia Co., Ltd.
TABLE 72 Key Information – Sagemcom Broadband SAS
TABLE 73 Key Information – Technicolor SA
TABLE 74 Key Information – CommScope Holding Company, Inc.
TABLE 75 Key Information –Samsung Electronics Co., Ltd.
TABLE 76 key information – Huawei Technologies Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Samsung Electronics CO. Ltd.