BURLINGAME, Calif., May 22, 2024
/PRNewswire/ -- The global Set Top Box (STB) Chipset
Market size is calculated at USD
3,603.0 million in 2023 and is expected to be worth around
USD 5,513.6 million by 2030, growing
at a CAGR of 6.3% from 2023 to 2030, according to Coherent Market
Insights. Growing trend of 4K
streaming services and need for powerful decoding capabilities
among STBs is anticipated to boost the demand for STB chipsets
during the forecast period. The STB chipsets allow integration of
Wi-Fi, Bluetooth, voice control and apps which enables access to
internet content, OTT platforms and smart home devices, thus
fueling their adoption across residential as well as commercial
sectors.
Set Top Box (STB) Chipset Market Report Coverage
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$3,603.0 million
|
Estimated Value by
2030
|
$5,513.6 million
|
Growth
Rate
|
Poised to grow at a
CAGR of 6.3%
|
Historical
Data
|
2017–2021
|
Forecast
Period
|
2023–2030
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Node Size, By
Application, By Content Quality, By Type
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
• Integration of 5G and
Wi-Fi Connectivity in Set Top Boxes
• Improvement in
Content Technology such as 4K, High Definition, and
Others
|
Restraints &
Challenges
|
• High Volatility in
Raw Material Prices
• Increasing Use of
Streaming Video Services
|
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this Report:
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Market Dynamics:
The Set Top Box (STB) Chipset market is primarily driven by
growing digitalization of cable TV services and rising adoption of
HD channels. Digitalization allows consumers access to value added
services such as video-on-demand and ability to pause live TV.
Additionally, digitalization helps cable operators in reducing
operational costs through improved bandwidth management and
targeted advertising. Furthermore, rising demand for HD content due
to increasing disposable income of consumers globally is another
factor fueling the market growth. For instance, cable TV operators
in countries such as U.S., India,
China are offering bundled
services with high-speed internet along with HD and Ultra-HD
subscription packages to attract more customers.
Market Trends:
There is growing demand for over-the-top (OTT) streaming devices
with the proliferation of smart TVs and streaming applications. OTT
devices such as Amazon Fire TV stick, Apple TV etc are integrated
with STB chipsets to enable streaming of online content. Moreover,
rising penetration of smart homes is augmenting the need for
integrated home networking solutions including Wi-Fi enabled STBs.
This is expected to present lucrative growth opportunities for STB
chipset manufacturers during the forecast period. Furthermore,
increasing subscription of multi-dwelling unit complexes for
centralized antenna systems from cable operators in countries like
India and China will boost the STB chipset demand.
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Market Opportunities:
The STB chipset market is segmented by node size into 22nm,
28nm, 40nm, 65nm, and 90nm. The 28nm node size segment is expected
to hold a dominant position owing to its high processing power and
low power consumption. The 28nm technology offers increased
functionality and performance with better power efficiency compared
to larger node sizes.
The STB chipset market is further segmented by application into
satellite STB, cable STB, IPTV STB, and others. The IPTV STB
segment is anticipated to dominate the market due to rising
adoption of IPTV services globally. IPTV allows television services
to be delivered using the infrastructure of Internet Protocol (IP)
over a broadband connection which has led more consumers to opt for
this application.
Key Market Takeaways
The global STB chipset market is anticipated to witness a CAGR
of 6.3% during the forecast period from 2022 to 2030 owing to the
rising demand for highly efficient and multi-functional
chipsets.
On the basis of node size, the 28nm segment is expected to hold
a dominant position owing to its high processing power and low
power consumption.
On the basis of application, the IPTV STB segment is expected to
hold the largest share due to rising adoption of IPTV services
globally.
Regionally, North America is
expected to dominate the STB chipset market due to presence of
major players and early adoption of technologically advanced
products in the region.
The key players operating in the STB chipset market include
Amlogic, Inc., ALi Corporation, Marvell, Zhuhai Allwinner
Technology Co., Ltd., and Broadcom Inc. These players are adopting
strategies like new product launches, mergers, acquisitions and
partnerships to strengthen their market position.
In conclusion, the rising demand for multi-functional and high
efficiency chipsets from key regions globally is expected to drive
the STB chipset market during the forecast period.
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Detailed Segmentation:
By Node Size:
- 22 nm
- 28 nm
- 40 nm
- 65 nm
- 90 nm
By Application:
- Satellite STB
- Cable STB
- IPTV STB
- Others
By Content Quality:
- Standard Definition
- High Definition
- 4K and Above
By Type:
- Front-end Chips
- SoC Chipsets
By Region:
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East &
Africa
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SOURCE Coherent Market Insights