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Major set-top box market players include TechniSat Digital GmbH, Kaon Media Co., Ltd., Advance Digital Broadcast SA, Mybox Technologies Pvt. Ltd. (Hero Electronix Venture), Zinwell Corporation, Guangdong Hybroad Vision Electronics Technology Company Ltd., Samsung Electronics, Amino Technologies plc, Shenzhen SEI Robotics Co., Ltd, HUMAX Co., Ltd., Sagemcom Broadband SAS, Commscope,Inc.(Arris), Technicolor SA, Skyworth Digital Co., Ltd., HUMAX Co., Ltd., Sercomm Corporation and Sumitomo Electric Industries, Ltd.
SELBYVILLE, Del. , Feb. 1, 2022 /PRNewswire/ -- The set-top box market size is anticipated to record a valuation of USD 20 billion by 2028, according to the most recent study by Global Market Insights Inc. The market growth is attributed to the company's focus on new product innovations to improve their industry statistics. Integration of high-performance graphics processors to enhance the user experience is creating robust opportunities.
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COVID-19 pandemic has adversely affected the set-top box market expansion across the globe. First and second wave in 2020 & 2021 forced almost every country to enforce severe lockdown to curb the virus transmission. These safety measures has created hinderance in the sales and installations of set-top boxes in majority of regions. Import and exports of STBs were disrupted due to restrictions on the international goods transport. However, market is estimated to show steady growth post pandemic owing to initiatives by government for economy revival.
Europe set-top box market is growing credited to the increasing use of technology in the entertainment sector. The key players, such as Advanced Digital Broadcast, Amino Technologies, and Technicolor SA, are focusing on partnership to enhance their service offerings. For instance, in December 2020 , RealVNC and Technicolor Connected Home announced a joint initiative to provide Network Service Providers (NSPs) and Android TV STBs & their comprehensive remote support for Android TV CPE customers. The connected TV solution from RealNVC allows NSP Customer Service Representatives (CSRs) and installation engineers to remotely view, control & diagnose the Android TV CPEs
Key players operating in the set-top box market include TechniSat Digital GmbH, Kaon Media Co., Ltd., Advance Digital Broadcast SA, Mybox Technologies Pvt. Ltd. (Hero Electronix Venture), Zinwell Corporation, Guangdong Hybroad Vision Electronics Technology Company Ltd., Samsung Electronics, Amino Technologies plc, Shenzhen SEI Robotics Co., Ltd, HUMAX Co., Ltd., Sagemcom Broadband SAS, Commscope,Inc.(Arris), Technicolor SA, Skyworth Digital Co., Ltd., HUMAX Co., Ltd., Sercomm Corporation and Sumitomo Electric Industries, Ltd. Market leaders are focusing on partnership with cable broadcasting companies to supply their STBs and to increase their revenue stream.
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Some major findings in the set-top box market report include:
Table of Contents (ToC) of the report:
Chapter 3 Set-Top Box Market Insights
3.2 Impact of COVID-19 on industry landscape
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected]
SOURCE Global Market Insights Inc.
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