Title: Europe Set Top Box Market To Witness Lucrative Growth Through 2027
1 Europe Set Top Box Market is Projected to Record
CAGR of 2.5 by 2027
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2 - North American Digital Health Market size is
projected to cross USD 5 billion by 2027. Because
of the recent technological boom in the
entertainment sector, Europe set top box market
forecast appears to be strong. When the
coronavirus pandemic led social restrictions
shut down the box office, over-the-top (OTT)
streaming companies and television sets stepped
in to address the need for quality entertainment.
- According to Ofcom's study on the country's media
habits, in August 2020, UK citizens spend 40 of
their day consuming online video material and TV.
Traditional broadcasters including the BBC, STV,
ITV, and Channel 4 had a 59 increase in audience
in March that year. - Advanced Digital Broadcast, Amino Technologies,
Technisat, and Technicolor are among the main set
top box companies in Europe, investing in RD for
new product developments, aiding to serve the
rising demand amidst COVID-19. Sophisticated
Digital Broadcast (ADB), for example, integrated
advanced middleware and DRM players into their
set-top boxes. - A vast majority of manufacturers are exploring
cutting-edge technology inputs, to boost the
efficiency of set-top boxes. These cutting-edge
technologies may meet a wide range of client
requirements, increasing their watching
experience. Virgin Media UK, for example,
launched its Next Gen TV 360 platform and set-top
boxes with enhanced capabilities such as HDR and
4K in November 2020.
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4 - Europe set top box market size is expected to
exceed USD 5 billion by 2027. Rapid developments
in digital broadcasting, along with the
widespread availability of HD channels and
on-demand video content, are propelling the
industry outlook. The existence of entertainment
behemoths like as Netflix, Amazon,
DisneyHotstar, and BBC iPlayer are attracting a
broad base of clientele in the set top box
industry. People are increasingly flocking to
these video streaming companies for ease of
entertainment. - DTH service providers are modernizing their
set-top box systems with capabilities such as OTT
access, high-quality images, digital video
recording, storage choices, and improved sound
quality. Android set-top boxes are gaining
popularity among European customers since they
have in-built streaming services from the
aforementioned video streaming service providers.
Over the projection timeframe, demand for
technologically integrated set-top boxes that
allow voice control via voice assistants such as
Siri, Cortana, and Google Home, shaping Europe
set top box market trends through 2021-2027. - DVR set-top boxes are projected to expand in
popularity as a result of sophisticated
capabilities such as real-time program recording,
video-on-demand, and virtual program guide.
Consistently expanding access to latest
blockbusters and significant athletic events,
such as the Olympics, are setting Europe set top
box market standards. TV service providers
provide DVR set-top boxes that can record shows
and movies for later viewing. These set-top box
devices provide excellent simplicity while
browsing through various functions, making them a
popular product among clients.
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5 - Segmentation Europe Set Top Box Market
- Europe Market, By Type
- Cable
- Satellite
- IPTV/OTT
- Hybrid
- Europe Market, By Recording
- DVR
- Non-DVR
- Europe Market, By Sales Channel
- Online
- Offline
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