According to the research report titled ‘Asia Pacific Set Top Box Market Forecast 2027 By End-Use, By Type, By Recording, By Sales Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific set top box market is anticipated to exceed the valuation of USD 9 billion by the year 2027.
 

Report findings suggest that Asia Pacific set top box market expansion is attributed to the escalating television viewership in rural areas, growing number of DTH subscribers, and high degree of internet penetration.

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Furthermore, increasing demand for set top box integration to stream channels on televisions is expected to bolster the industry outlook.

Favourable government policies supporting the product deployment as well as growing usage of interoperable products since they ensure hassle free switching from one DTH service to other are further impelling the market share.

On the basis of recording, Asia Pacific set top box marketplace is branched into non-DVR and DVR. In terms of sales channels, the market is split into online and offline. With respect to end-use scope, the industry is bifurcated into commercial, and residential.

Based on type terrain, the market is divided into hybrid, IPTV/OTT, satellite, and cable. Among these, hybrid segment is slated to grow with a substantial CAGR through 2027, owing to its ability to support both broadcasting and IP-based video, and diverse viewing options. Notably, with these devices, users can access videos from the regional IP network, the Internet, and digital cable television.

The key players in Asia Pacific set top box industry are Zinwell Corporation, TechniSat Digital GmbH, Technicolor SA, Sumitomo Electric Industries Ltd., Skyworth Digital Co. Ltd., Shenzhen SEI Robotics Co. Ltd., SerComm Corporation, Samsung Electronics Co. Ltd, Sagemcom Broadband SAS, Mybox Technologies Pvt. Ltd., Kaon Media Co. Ltd, HUMAX Co. Ltd, Guangdong Hybroad Vision Electronics Technology Company Ltd., CommScope Inc., Amino Technologies plc, and Advanced Digital Broadcast SA.