4K Set Top Box (STB) Market Worth USD 3.65 Billion by 2024: Grand View Research, Inc.

4K Set Top Box (STB) Market Worth USD 3.65 Billion by 2024: Grand View Research, Inc.

SAN FRANCISCO, April 25, 2016 /PRNewswire/ --



The global 4KSet Top Box (STB) market
[http://www.grandviewresearch.com/industry-analysis/4k-set-top-box-market ] size is
expected to reach USD 3.65 billion by 2024, according to a new report by Grand View
Research, Inc.



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http://photos.prnewswire.com/prnh/20150105/723757 )




Increasing demand for UHD 4K video content, surging sales of compatible 4K TVs and
display devices is expected to positively shape the Ultra High Definition (UHD) set top
box market's growth prospects.



Content providers have begun offering sharper and immersive video content to the
consumers on account of significant breakthroughs in the 4K technology. Large scale
penetration of smart TVs has proved to be instrumental in escalating the demand for such
sophisticated set top boxes. Industry vendors have leveraged on providing set top boxes
with enhanced broadcast capabilities on Digital Video Broadcasting-Satellite (DVB-S/DVB-S2)
standards.



Technology giants such as Apple Inc. have managed to make their mark in this
competitive market. The Apple TV device streams video and OTT content over the internet.
The introduction of advanced OTT devices such as the Fire TV set top box devices from
Amazon.com and Chrome cast media streaming devices by Google Inc. have opened up major
growth avenues in the industry.



Increasing number of UHD content providers is expected to propel industry growth and
is presumed to strengthen the industry's growth prospects. However, high initial and up
gradation costs, along with high subscription fees for 4K content is expected to challenge
the industry growth over the forecast period.



Browse full research report with TOC on "4K Set Top Box (STB) Market Analysis By
Product (IPTV, Satellite, DTT, OTT, Hybrid) And Segment Forecasts To 2024" at:
http://www.grandviewresearch.com/industry-analysis/4k-set-top-box-market



Further key findings from the report suggest: 




- IPTVUHD set top boxes contributed to over20% of the market revenue in 2014 and are
anticipated to witness significant growth over the next eight years. IPTV focuses on
network scalability, end-user applications, and infrastructure. With IPTV, content is
provided through an internet service provider's own infrastructure, thereby ensuring
UHD content streaming across subscribed devices.
- Hybrid set top box devices are expected to witness a substantial CAGR of over 5%
throughout the forecast period. They enable smart TV programming and help viewers to
access multiple TV delivery methods including cable, terrestrial, satellite and the
internet. In addition, they include services such as video on demand, time-shifting TV,
internet applications, and gaming applications.
- Projected to grow at a CAGR of over 3% from 2016 to 2024, the North America UHD set
top box is expected to witness steady growth over the forecast period. STB hardware
vendors are extensively focusing on providing UHD STBs with add-on features such as
HDMI 2.0 multimedia interface and USB ports for playing media from external memory
devices.
- The Asia Pacific 4K STB market accounted for over 25% of the global revenue share in
2014 and is presumed to witness significant growth over the forecast period. China and
India are expected to incorporate considerable opportunities for regional industry
growth, due to the strong presence of UHD STB manufacturers. OTT-based streaming
devices are becoming the STB of choice for satellite TV providers in emerging markets
such as China and India, where open-source content is abundant. The regional STB
service providers harness the lucrative growth prospects by offering packages with
live streaming video along with their own broadband offerings.
- Key market participants include Arion Technology, Amazon, Infomir, Roku, SAGEMCOM, and
ZTE. Vendors are increasingly offering energy efficient STB devices in order to cut
down energy consumption, specifically during their idle mode of operation.
Manufacturers and service providers across the globe are increasingly providing
advanced UHD STBs equipped with features such as interactive 4K content in order to be
competitive in the industry.


Grand View Research has segmented the global 4K Set Top Box(STB) market on the basis
of product and region: 




- 4K Set Top Box (STB) Product Outlook (Volume, Thousand Units; Revenue, USD Billion,
2013 - 2024) 
- Internet Protocol Television (IPTV)
- Satellite
- DTT
- OTT
- Hybrid 
- 4K Set Top Box (STB) Regional Outlook (Volume, Thousand Units; Revenue, USD
Billion, 2013 - 2024) 
- North America
- Europe
- Asia Pacific
- Latin America
- MEA


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About Grand View Research 



Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.



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Contact: 
Sherry James 
Corporate Sales Specialist, USA 
Grand View Research, Inc 
Phone: 1-415-349-0058 
Toll Free: 1-888-202-9519 
Email:sales@grandviewresearch.com 
Web: http://www.grandviewresearch.com   


 





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