According to Technavio, the global set-top-box market is expected to post a compound annual growth rate (CAGR) of close to 4% during the period 2018-2022.
Technavio says a key factor driving the growth of the market is the digitalization of cable networks. Digitalization has increasingly become predominant in several countries as it helps enhance the quality of cable networks and helps network operators record the number of subscribers. Furthermore, government regulations mandating the digitization of cable networks in emerging economies have driven the consumer demand for set-tops in those counties.
Technavio believes the development of integrated set-tops is one of the key emerging trends in the global set-top-box market:
Various TV manufacturers are developing TV sets integrated with set-tops. Such TV sets are intended to ensure clutter-free installation as the number of wire sets within a single device is limited. The TV sets are designed to integrate a digital satellite tuner to allow the reception of direct-to-home (DTH) signals without the need for an external set-top. Such TV sets also offer access to social media and online video streaming platforms. Additionally, they offer better storage options with capacities up to 2 TB. The integration of set-tops is expected to help reduce the signal loss while offering a single remote solution with an intuitive user guide.
The Asia-Pacific region (APAC) led the market in 2017 with a market share of nearly 40%, and APAC's market share is expected to increase during 2018-2022.