North America Set Top Box Market Size, Share & Industry Trends Analysis Report By Product (Cable, Satellite, DTT, IPTV, and OTT), By Resolution (HD & FHD, SD, 4K & Others), By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Set Top Box Market would witness market growth of 3.0% CAGR during the forecast period (2021-2027).
An Ethernet cable, a satellite dish, a coaxial cable (see cable television), a telephone line (including DSL connections), broadband over power lines (BPL), or even a regular VHF or UHF antenna could be used as a signal source. In this sense, content could include video, audio, Internet site pages, interactive video games, and other options. Satellite and microwave-based services still have specific external receiver hardware, hence the use of various formats of set-top boxes has never totally vanished. Set-top boxes can also improve the quality of the source feed.
The set-top boxes were also made to facilitate closed captioning on older television sets before it became a requirement in new television sets. When obscenity is detected in the captioning, some have been designed to quiet the audio (or replace it with noise) and block the offensive word. Some have a V-chip that only enables programming with certain television content ratings. A function that limits the amount of time kids spend watching TV or playing video games may also be included, but some of these rely on main power rather than the visual signal.
North America is one of the leading regions in the adoption of the cutting edge of technological advancement. Although regional suppliers, are always taking steps to provide novel features through market upgrades in order to keep up with market expansion and customer demands. They are always looking for the opportunity to their STBs, such as gateway abilities, security, and HD functionality, due to market saturation of pay-TV users and intense competition between vendors. As pay-TV services have declined, players such as MobiTV have introduced set-top box-free IPTV services across the region.
Evoca chose CommScope, a global home network solutions provider, to provide their customers with the latest generation of Android TV set-top solutions with embedded dual multimode ATSC 3.0 and ATSC 1.0 tuners in August 2021, marking one of the first times this technology combination was made accessible for general consumer use.
The US market dominated the North America Set Top Box Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,497.8 Million by 2027. The Canada market is experiencing a CAGR of 5.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 4.5% during (2021 - 2027).
Based on Product, the market is segmented into Cable, Satellite, DTT, IPTV, and OTT. Based on Resolution, the market is segmented into HD & FHD, SD, 4K & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Set Top Box Market is Estimated to reach $28.7 Billion by 2027, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG CNS Co., Ltd., Advanced Digital Broadcast SA, Shenzhen Cozhou Electronics Co., Ltd., EchoStar Corporation, Kaonmedia Co., Ltd., Sagemcom Broadband SAS, Technicolor SA, CommScope Holding Company, Inc., Samsung Electronics Co., Ltd., and Huawei Technologies Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- HD & FHD
- 4K & Others
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- LG CNS Co., Ltd.
- Advanced Digital Broadcast SA
- Shenzhen Cozhou Electronics Co., Ltd.
- EchoStar Corporation
- Kaonmedia Co., Ltd.
- Sagemcom Broadband SAS
- Technicolor SA
- CommScope Holding Company, Inc.
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.
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