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APAC Set-top Box Market revenue to hit $9 Bn by 2027
Published Date: 2021-08-10
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APAC Set-top Box Market size is projected to cross USD 9 billion by 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific market is expected to proliferate significantly owing to supportive regulations on TV services by several governments. Asia Pacific countries, such as Malaysia, Fiji, India, the Philippines, and Australia, are taking initiatives to increase the adoption of digital TVs. Countries including Japan, Hong Kong, China, South Korea, and Singapore have already banned analog TVs. A digital TV requires a set-top box as a transmission decoder to stream various channels and IP services.
Government regulations on digitization of TV broadcasting to ensure transparency of money transfer across the Asian countries will provide ample growth opportunities for the market over the forecast period. In Singapore, the government banned the analog TV signal reception in March 2019. The government launched a scheme for the digitalization of TV services in the country. This scheme applies to all households, who do not own a Pay-TV subscription. Citizens can apply for a Digital TV (DTV) starter kit on the government portal. Till date, over 450,000 households have switched to digital TV using a DTV starter kit.
Browse detailed statistical insights from the report, “Asia Pacific Set Top Box Market Forecast 2027 By End-Use (Residential, Commercial), By Type (Cable, Satellite, IPTV/OTT, Hybrid), By Recording (DVR, Non-DVR), By Sales Channel (Online, Offline), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The COVID-19 pandemic caused huge disruptions in Asia Pacific’s economic activities. The companies operating in the set-top box industry are taking initiatives to help the governments to fight against corona virus. They are setting up medical essential facilities and manufacturing medical care products amid pandemics. For instance, in January 2020, Skyworth Digital came forward to aid the COVID-19 patients. The company has established several quarantine centers and invested in the mask production lines in China.
Non-DVR set-top boxes held a high share in the Asia Pacific market in 2020. The high market share of non-DVR set-top boxes can be attributed to their low price as compared to DVR boxes. The ability of non-DVR boxes to stream SD and HD content at low costs is fueling their adoption in semi-urban and rural areas of Asian countries.
The market for set-top box in APAC research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Type
Asia Pacific Market, By Recording
Asia Pacific Market, By Sales Channel
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
- Asia Pacific
- South Korea