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Global 4K Set-Top Box Market Growth, Share, Size, Analysis, Price, Report and Forecast Period of 2023-2028

The new report by Expert Market Research titled, ‘Global 4K Set-Top Box Market Growth, Size, Share, Analysis, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global 4K Set-Top Box Market, assessing the market based on its segments like type, communication type, application, and region.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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4K Set-Top Box Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2021): USD 4.8 Billion
• Forecast CAGR (2023-2028): 4.10%
• Forecast Market Size (2027): USD 6.1 Billion

With growing demand for ultra-HD channels and high-quality content in countries such as India and China, the Asia Pacific 4K set-top box market is expected to rise rapidly. The popularity of smart TVs and over-the-top (OTT) services like Disney+ Hotstar, Amazon Prime Video, and Netflix, among others, can also be linked to the industry’s rise. The market for 4K set-top boxes is booming, thanks to China’s role as a major producer and user of consumer electronics such as Android TV, 4K TV, and other high-definition televisions. Major advancements in digital technology, as well as an increase in the use of broadband services, are propelling the market forward.

4K Set-Top Box  Industry Definition and Major Segments

A digital broadcasting device that links to a television is a 4K set-top box (STB) (TV). It converts signals received over a cable or phone connection into visuals. It includes a RAM, web browser, MPEG decoder chip, and operating system, as well as video conferencing, home networking, video-on-demand, and internet protocol (IP) telephony.

On the basis of type, the market is segmented into:

• Internet Protocol Television (IPTV)
• Digital Terrestrial Television (DTT)
• Over-The-Top set-top boxes (OTT)
• Satellite Television
• Hybrid Television Set-top Box

On the basis of application, the market is divided into:

• Residential
• Commercial

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia
• Latin America
• Middle East and Africa

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4K Set-Top Box Market Trends

The increasing digitalisation of cable TV networks and developments in digital broadcasting technologies are two important factors driving market growth. As a result of rapid urbanisation, rising disposable income, and rising living standards, the adoption of direct-to-home (DTH) services and smart TVs is increasing, fueling market expansion. The growing popularity of on-demand entertainment services such as movies, music, videos, and games, as well as the increased demand for Over-the-Top (OTT) media services, are also driving market expansion. Furthermore, the major manufacturers are offering product variations with varied storage options that provide access to internet video streaming platforms and social media, boosting the market’s growth.

Key Market Players

The major players in the market are Technicolor SA, Roku, Inc., Infomir Group, Huawei Technologies Co., Ltd., Humax Co., Ltd., DISH Network Corporation, Tata Sky, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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