Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "4K Set-Top Box Market by Product (Satellite, Internet Protocol Television (IPTV), Cable, Digital Terrestrial Television (DTT), Over The Top (OTT), Hybrid), Application (Residential, Commercial), and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global 4K set-top box market size reached US$ 5.59 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 7.92 Billion by 2028, exhibiting a CAGR of 5.98% during 2022-2028.
The increasing consumer spending, integration of advanced technologies, and rising investments in marketing campaigns represent some of the key factors driving the market.
4K Set-Top Box Market Trends:
The increasing consumer preferences toward high-quality audio and video content and the rising number of individuals spending on online video streaming platforms represent one of the major factors driving the demand for 4K STBs around the world. It can also be attributed to rapid urbanization, inflating income levels, improving standards of living, and the growing penetration of the high-speed internet connectivity.
Moreover, the integration of Dolby Atmos, voice control, machine learning (ML), and artificial intelligence (AI) to recommend content based on the viewing history of the users and provide a personalized and hassle-free experience is favoring the growth of the market. In addition, the increasing awareness about the benefits of streaming content in 4K, such as improved picture quality, is contributing to the market growth.
Apart from this, the rising number of commercial spaces, such as hotels, restaurants, and cafes are installing 4K STBs to offer live streaming of matches is bolstering the growth of the market. Furthermore, leading players are investing in marketing campaigns to increase their overall sales and strengthen their hold in the market share.
Besides this, a considerable reliance on online shopping applications that provide convenience, reviews, doorstep delivery, innumerable payment option, and easy installation of the product is creating a positive outlook for the market. Additionally, significant improvements in broadband infrastructure in urban areas and the expansion of fifth generation (5G) technology is strengthening the growth of the market.
Key Market Segmentation:
The analyst provides an analysis of the key trends in each segment of the global 4K set-top box market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product and application.
Product Insights:
- Satellite
- Internet Protocol Television (IPTV)
- Cable
- Digital Terrestrial Television (DTT)
- Over The Top (OTT)
- Hybrid
The report has provided a detailed breakup and analysis of the 4K set-top box market based on the product. This includes satellite, internet protocol television (IPTV), cable, digital terrestrial television (DTT), over the top (OTT), and hybrid. According to the report, satellite represented the largest segment.
Application Insights:
- Residential
- Commercial
A detailed breakup and analysis of the 4K set-top box market based on the application has also been provided in the report. This includes residential and commercial. According to the report, residential accounted for the largest market share.
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global 4K set-top box market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global 4K set-top box market?
- What is the impact of each driver, restraint, and opportunity on the global 4K set-top box market?
- What are the key regional markets?
- Which countries represent the most attractive 4K set-top box market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the 4K set-top box market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the 4K set-top box market?
- What is the competitive structure of the global 4K set-top box market?
- Who are the key players/companies in the global 4K set-top box market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global 4K Set-Top Box Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Companies Mentioned
- Bharti Airtel Limited
- DISH Network Corporation
- HUMAX Co. Ltd.
- Infomir Group
- Roku Inc.
- Sagemcom Broadband SAS
- Tata Play Limited
- ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/r/z5aq93
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