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European Set-top Box Market size to reach $5 Bn by 2027
Published Date: 2021-08-10
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European Set-top Box Market size is predicted to surpass USD 5 billion by 2027, according to a latest forecast report by Graphical Research.
Rapid advancements in digital broadcasting coupled with the extensive availability of HD channels and on-demand video content are driving the market expansion. The demand for technologically integrated set-top boxes that support voice control through voice assistants, such as Siri, Cortana, and Google Home, will support industry growth over the forecast timeframe.
The European market is growing due to the increasing use of technology in the entertainment industry. The key players, such as Advanced Digital Broadcast, Amino Technologies, Technisat, and Technicolor, are investing in R&D for new product innovations. For instance, Advanced Digital Broadcast (ADB) integrated advanced middleware and DRM players with its set-top boxes. The advanced middleware enhances the on-screen user interface and adds functionalities, such as OTA support & external devices plug drivers, thus increasing setting functionalities.
Browse detailed statistical insights from the report, “Europe Set Top Box Market Forecast 2027 By Sales Channel (Online, Offline), By Type (Cable, Satellite, IPTV/OTT, Hybrid), By Recording (DVR, Non-DVR), By End-Use (Residential, Commercial), 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 had slowed down the Europe set-top box industry growth during the first half of 2020. The growing spread of the virus has enforced European citizens to stay indoors. The halt in manufacturing operations and supply chain disruptions also negatively affected the market. The set-top box industry witnessed recovery with an increasing preference for consuming entertainment content during the lockdown period.
The Europe DVR set-top box segment is anticipated to register a high growth through 2027. Busy lifestyles and hectic work schedules make people miss their favorite TV programs and sports. With DVR set-top boxes, users can record, save & playback their TV programs, according to their convenience, in turn, driving market demand. Furthermore, DVR set-top boxes allow users to pause, rewind, fast-forward & re-watch their TV shows, increasing adoption among users.
The Europe residential segment will witness a substantial growth rate over the forecast timeframe owing to the rapid adoption of set-top boxes in households. The digitization of TV broadcasting has fueled product penetration in the residential sector. Developing technological trends supporting diverse video content, interactive services, and internet connectivity have increased the demand for hybrid set-top boxes among consumers.
The market for set-top box in European 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:
Europe Market, By Type
Europe Market, By Recording
Europe Market, By Sales Channel
Europe Market, By End-use
The above information has been provided for the following countries: