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 Set-Top Box Market Overview The Global Set-Top Box market size accounted for $20 billion in 2020 and is anticipated to witness significant market growth with CAGR of 8% during forecast period 2021 to 2026. The market is anticipated to increase due to rising internet and broadband adoption, as well as a growing desire for HD channels and on-demand video services. Over the projected period, a considerable increase in viewership across OTT platforms such as Amazon Prime Video, Hulu, Disney+ Hotstar, and Netflix are attributable to high-income generation. With rising disposable income and a growing middle-class population, consumer demand for media-rich home entertainment services is on the rise. As a result, the rising demand for next-generation Set-Top Boxes (STBs) capable of supporting internet-based services, Video on Demand (VoD), and television transmission is driving the development for market incumbents. Consumer demand for high-definition televisions is also driving up deman...

Entertainment will never die and it will continue to impact human civilization in innumerable ways. In the present day and age, in an average household, it is nearly impossible to imagine a life without a television set. Families’ entertainment needs center around the television which is brought to life by a small and significant information appliance device called the set top box. India for example, the world’s second largest population, is a key country-wide set top box market . As per the Telecom Regulatory Authority of India, in the year 2017, set top box user base stood at 67.56 million, a number which has seen progress in the upward direction since then. In 2018, the set top box market size stood between $16.5 billion to 18 billion, and the demand is projected to grow with a healthy CAGR of 6%-7% during the forecast period of 2019-2025.  APAC remains the geographical demand leader of the set top box market with a regional share close to 40% as of 2018, which is primarily due ...