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 market is anticipated to surpass a valuation of USD 9 billion by 2027.
 

Growing television viewership across rural areas in the region, increasing number of DTH subscriptions in nations like India, and China , and initiatives of several regional governments to support the deployment of these devices are propelling the growth of Asia Pacific set top box market.  
 

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Rising internet penetration is also driving the adoption of digital TVs, which is expected to  augment the industry outlook over the upcoming years. In addition, the emergence of interoperable products which enables consumers to use the same product for various DTH providers or cable TV is positively swaying the industry dynamics.
 

By product type, the marketplace is bifurcated into satellite, cable, IPTV/OTT, and hybrid. Among these, the hybrid segment is expected to showcase lucrative expansion trends over 2021-2027, accreditable to its capability of supporting both IP-based video and broadcasting. Moreover, hybrid set top boxes allow users to view videos from various channels such as the internet, regional IP networks, and digital cable programming, which is further boosting the segmental remuneration scope.
 

Based on sales channel, Asia Pacific set top box industry is bifurcated into online and offline, whereas segmentation in terms of end use includes residential and commercial.
 

Zinwell Corporation, TechniSat Digital GmbH, Technicolor SA, Sumitomo Electric Industries Ltd., Shenzhen Skyworth Digital Technology Co., Ltd., Shenzhen SEI Robotics Co., Ltd., Sercomm Corporation, Samsung Electronics Co., Ltd., Sagemcom Broadband SAS, Mybox Technologies Pvt., Ltd., Kaonmedia Co., Ltd., Humax Co., Ltd., Guangdong Hybroad Vision Electronics Technology Co. Ltd., CommScope, Inc., Amino Technologies plc, and Advanced Digital Broadcast SA are the leading players defining the competitive arena of Asia Pacific set top box market.