Set-Top Box Market Scope Is Surging With Integration Of OTT Platforms By 2027 | Key Regions, Prominent Players and Forecast - Digital Journal

2022-07-22 23:11:04 By : Ms. Jessica Mo

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According to our latest market study, titled “Set-Top Box Market” also referred to colloquially as a cable box, is an information system that typically includes a TV tuner input and shows the output of a TV set and an external signal source, converting the source signal into material in a format that can then be shown on a TV screen or other display device. They are found in, among other applications of, cable television, satellite television, and over-the-air television networks. A device that connects to your TV makes it possible for you to use a telephone line or cable to access the Internet and exchange electronic mail on your TV. The key factor driving the set-top box market is the rising technological transformations in set-top box (STB). Technological developments have led to the growth of a wide range of STBs equipped with various features. This, in turn, has made the competition fierce between the set-top-box companies. Digital video recording is one of the most anticipated functions, since it enables viewers to view and archive their favorite shows.

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List Of TOP KEY PLAYERS in Set-Top Box Market Report are –

Technicolor SA, CommScope, Huawei Technologies Co., Ltd, Humax, and Sagemcom – Prominent Market Participants in Set Top Box (STB) Market

An over-the-air DVR system is a standalone set-top box that enables viewers to transmit and record TV programs. In addition to DVRs, subscription-based TV service providers offer STBs to customers. In addition, DISH, a US-based television provider, has incorporated artificial intelligence into boxes in its new set-top boxes to allow recording facilities at STBs. With the support of technology such as natural language processing (NLP), companies implement features such as voice command to enable channels and TV shows to be searched using technologically advanced set-top boxes.

Technicolor SA, CommScope, Huawei Technologies Co., Ltd, Humax, and Sagemcom are some of the key market players operating in the global set top box (STB) market. The listing of key players is derived by considering multiple factors such as overall revenue, current set top box (STB) product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the set top box (STB) ecosystems which were studies analyzed during the course of this market research study, such as,

Zinwell Corporation; Advanced Digital Broadcast SA; Altech UEC; COSHIP; Kaonmedia Co., Ltd.; and Skyworth Group Co., Ltd. among others. Further, in January 2020, Technicolor had launched new versatile and powerful JADE set-top boxes (STB). JADE set-top boxes is a 4K ultra HD device, debuting the latest technology standards such as Wi-Fi 6, AV1 decoding, and far-field voice in a small, customizable design. JADE set-top boxes are for both Android TV and RDK-V. In April 2019, CommScope completed the ‘Once-In-A-Lifetime’ Arris-Ruckus acquisition. Combined with ARRIS, CommScope is anticipated to drive profitable growth in new markets as well as shape the future of wired & wireless communications. With this acquisition, CommScope wishes to be better positioned to benefit from long-term industry growth trends, including network convergence, fiber & mobility everywhere, 5G, Internet of Things, and rapidly changing network and technology architectures.

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With favorable government policies to boost innovation and reinforce infrastructure capabilities, North America has the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region’s economic development. Due to the COVID-19 outbreak, the US was the world’s worst-affected country, which resulted in a sudden standstill across all the industries present in the region.

Millions of Americans sat at home amid the COVID-19 crisis and turned to their TVs as a primary source of news, information, and entertainment. Cable news network viewing rose by 73% versus the same week in 2019. Thus, this has created a huge demand for set-top boxes across the region. However, owing to the nationwide lockdown across major economies such as the US and Canada, the manufacturing of the same was negatively impacted. Moreover, the supply chain of the set-top box market was adversely affected from both local and international players as supply of raw materials and components used for the manufacturing of STB got disrupted. Thus, the COVID-19 pandemic negatively affected the set top box market growth.

The COVID-19 outbreak appears to have accelerated the trend toward over-the-top (OTT) video streaming services and away from the pay-TV industry. In North America, traditional pay-TV systems including cable, satellite, and internet protocol television (IPTV) have been losing subscribers recently. The pay-TV market was more severely impacted by the lockdowns brought on by COVID-19 during the first quarter of 2020, with a loss of more than 2 million customers in North America alone. However, in 2021, the preference of consumers shifted more toward plug-and-play gadgets with OTT capabilities. As a result, the market is steadily rebounding and expanding.

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With tables and figures, helping analyze worldwide Global Set-Top Box Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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