According to a new report, published by KBV research, The Global Set Top Box Market size is expected to reach $28.7 billion by 2027, rising at a market growth of 3.7% CAGR during the forecast period.
The Satellite segment is showcasing a CAGR of 3.9% during (2021 - 2027). This is a sort of gadget that receives and decodes radio signals for TV viewing over the air. A number of processors in satellite set-top boxes (STBs) and television receivers require high-speed clocks. If the video decoder chip lacks an external clock drive, as many contemporary devices do, a clock must be provided indirectly for any audio components that need it.
The HD & FHD segment acquired maximum revenue share in the Global Set Top Box Market by Resolution in 2020, thereby, achieving a market value of $19.7 billion by 2027. This segment also provides added benefits over other segments, such as, including access to a wider choice of channels than the 4K counterpart. Due to the benefits they may provide, such as increased sound and picture quality and exclusive channels, HD and Full HD STBs are progressively replacing traditional SD boxes. The greater availability of HD services enabled by these TV sets has resulted from the increased sales of smart TVs and 8K TV sets, which bodes well for the segment's growth during the forecast period
Asia Pacific is the fastest growing region in the Global Set Top Box Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.5 billion by 2027. The Europe market is estimated to witness a CAGR of 3.3% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/set-top-box-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product
By Resolution
By Geography
Companies Profiled
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