As per 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 size is slated to exceed a valuation of USD 5 billion by 2027.

Industry veterans are of the opinion that technological advancements and penetration of digital broadcasting are aiding an upward trend in Europe set top box market.

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Furthermore, easy accessibility to internet services, and the emergence of OTT platforms that offer an array of streaming options are likely to broaden the scope of the market in the upcoming years.

Besides, DTH service providers are currently focusing on utilizing their resources to provide built-in streaming services, superior audio and video quality, along with storage options that may increase profits for major industry players by a significant margin.

The industry is segregated on the basis of type, recording, sales channel, end use, and regional bifurcations.

In terms of recording, DVR set top box segment is steadily gaining popularity among the masses chiefly on the back of many advantages which include real time program recording, virtual program guide, and video-on-demand mode. In addition, the product is fairly easy to use despite its multi-functional feature, which is impelling segmental expansion. 

Concerning end-use ambit, the commercial segment of Europe set top box industry is poised to record substantial expansion during the assessment timeframe, as various establishments like hotels & hospitals serve multiple number of people regularly, taking care of the entertainment quotient, which is driving the product uptake.

Regionally, as per reliable sources, residents of United Kingdom spend 40% of their time streaming content online or in front of the TV, which is likely to impel the market expansion during the evaluation period.

Established companies such as Zinwell Corporation, Technicolor SA, Advanced Digital Broadcast Holdings SA, Shenzhen Skyworth Digital Technology Co. Ltd., Sumitomo Electric Industries Ltd., Shenzhen SEI Robotics Co. Ltd., SerComm Corporation, Samsung Electronics Co. Ltd., Sagemcom Broadband SAS, Guangdong Hybroad Vision Electronics Technology Company Ltd., TechniSat Digital GmbH, Mybox Technologies Pvt. Ltd., KAON Media Co. Ltd., Humax Co. Ltd., CommScope Inc., and Amino Technologies plc play a pivotal role in influencing Europe set top box market trends.