Global Set-top Box Market, Forecast to 2022

In a Maturing Market, Growth will be Driven by Hybrid Set-top Boxes and Upgrade Cycles for Feature-rich Devices
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Published: 30 Jan 2018

Set-top box vendors are focused on supporting devices that enable seamless rendering of high-quality video on a powerful user interface. The global set-top box market crossed 300.8 million in unit shipments in 2017 and is expected to grow to 359.2 million units, recording a compound annual growth rate (CAGR) of 3.6% (2017–2022). The ongoing analog switch-off in several emerging economies, refresh cycles in North America and some parts of Europe, and upgrades to advanced functionality with a richer user interface for quick search and discovery of content are driving the growth of the global set-top boxes market. The growth opportunity stems from greenfield opportunities in emerging markets, acquisition of key market competitors, and addition of features to STBs such as HD functionality, security, and gateway abilities.

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