Europe Set Top Box Market To Witness Lucrative Growth Through 2027

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Europe Set Top Box Market is Projected to Record
CAGR of 2.5 by 2027
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• 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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• 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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• 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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