According to the research report titled ‘Europe Set Top Box Market Forecast 2027 By Sales Channel, By Type, By Recording, By End-Use, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe set top box market is anticipated to surpass a valuation of USD 5 billion by the year 2027.
 

The recent technological developments in the entertainment industry, as well as growing popularity of over-the-top (OTT) streaming services because of the lockdown restrictions during the pandemic are the major growth catalysts for Europe set top box market.

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Furthermore, constant efforts of manufacturers in experimenting with cutting-edge technology inputs to enhance the viewing experience of their clients, as well as rapid advancements in digital transmission, and widespread availability of HD channels & on-demand video content are impelling the industry outlook.

Consumer preference for technologically integrated set-top boxes that offer voice control via voice assistants such as Siri, Cortana, and Google Home, increasing internet access, and availability of high-resolution quality content are expected to shape the business trends from 2021 to 2027.

In terms of sales channels, the market is split into online, and offline. Based on type terrain, the marketplace is divided into hybrid, IPTV/OTT, satellite, and cable.

On the basis of recording, Europe set top box industry is branched into non-DVR, and DVR. Among these, DVR segment is slated to grow with a substantial CAGR over the forecast period, owing to presence of advanced features like real-time programme recording, video-on-demand, and virtual programme guide, as well as outstanding simplicity when navigating through various functionalities.

With respect to end-use scope, the market is bifurcated into commercial, and residential. Among these, commercial segment is anticipated to hold a significant revenue share during the analysis timeframe, due to product uptake in various facilities like hotels, healthcare, among others.

The key players in Europe set top box marketplace are Shenzhen SEI Robotics Co., Ltd., SerComm Corporation, Samsung Electronics Co., Ltd., Sagemcom Broadband SAS, Zinwell Corporation, TechniSat Digital GmbH, Technicolor SA, Sumitomo Electric Industries Ltd., Skyworth Digital Co., Ltd., 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.