Global Digital TV Set-Top Boxes Market Size Analysis:
The global digital TV set-top box is expected to reach USD XX billion by 2023 at a growing CAGR of approximately XX during the forecast period. A set-top box increases the number of channels and the quality of the content to broadcast high-definition (HD) and ultra-high-definition channels. The digitalization of cable TV networks for monitoring the number of households containing the cable connections and make sure the timely payment of taxes by the cable operators for the broadcasting channels has become the significant part in the growth of the set-top box market around the world.
The advances in the information technology have added several interactive features in the set-top boxes to increase their use among the customers. A new trend in the market is the hybrid set-top box that combines the internet-based TV services and satellite-based high-definition services. The growing demand for improved quality of the television content and 4K channels is pushing the international demand for the digital TV set-top boxes.
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There are multiple factors favouring the growth of the global digital TV set-top boxes market. Some of them are the increasing sales of the HD televisions, growing demand among the consumers for the high-definition channels, rising disposable income of the people, strict government regulations to mandatorily install the set-top boxes, increasing global population, advancements in the technology, availability of online streaming, and so on. However, the economic conditions of the people are some developing nations is restricting the rapid expansion of the market.
Global Digital TV Set-Top Boxes Market Geographical Analysis:
In terms of geography, the Asia Pacific region is the largest contributor to the global digital TV set-top boxes market. The increasing industrialization, growing population and strict government regulatory framework that mandates the use of set-top boxes in India and China are the principal factors supporting the market growth in the Asia Pacific. The increasing use of internet services in Australia, India, and China coupled with the growth in manufacturing of smart TVs and IPTVs are bolstering the demand for set-top boxes market in the region.
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Digital TV Set-Top Boxes Market by Type:
- Terrestrial Digital TV
- Digital Cable TV
Global Digital TV Set-Top Boxes Market Key Players:
Some of the leading operators in the global digital TV set-top boxes market are Pace, Technicolor, Arris, Echostar, Cisco, Humax, Netgem, Apple, Sagemcom, Samsung, Roku, Skyworth Digital, Huawei, Jiuzhou, Coship, Changhong, Unionman, and Yinhe.
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