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 exceed a valuation of USD 5 billion by 2027.
 

Rapid progression in digital broadcasting, easy availability of HD channels and on demand video content and technological developments in the entertainment sector are fueling the growth of Europe set top box market.  
 

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In addition, rising internet penetration and growing customer inclination towards OTT platforms like Netflix, Amazon, Disney+, and Hotstar is also bolstering the industry outlook.  The temporary shut-down of the box office due to coronavirus restrictions, led to a remarkable surge in demand for such OTT platforms, as consumer demand for quality entertainment rose significantly during this period.
 

Besides, ongoing efforts by DTH service providers to modernize their set top box systems with features like OTT access, digital video recording, high-quality images, storage choices, and good sound quality are positively swaying the market dynamics.
 

Moving on, escalating demand for technologically integrated devices that enable voice control using  voice assistants like Google Home, Siri, and Cortana are aiding the market expansion.
 

In terms of type, Europe set top box industry is split into cable, satellite, hybrid, and IPTV/OTT. Based on recording the marketplace is bifurcated into DVR and non-DVR. Among these, the DVR segment is poised to expand significantly through 2027, owing to benefits like real-time program recording, virtual program guide, and video-on-demand.
 

By end use, the industry vertical segmented into residential and commercial. Among these, the commercial segment is witnessing high product demand especially in facilities like hotels and even healthcare, owing to the rising number of customers they serve.
 

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., Sagecom 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 operating in Europe set top box market.