Set Top Box Chipset

4K UHD Set Top Box Chipset is fastest growing segment fueling the growth of Set Top Box (STB) Chipset Market

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The global Set Top Box (STB) Chipset Market is estimated to be valued at US$ 3829.99 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Set top boxes are electronic devices that allow users to receive cable and satellite television signals on their television. With an integrated chipset, STBs provide features like decryption, decoding, encoding, access authorization and interactive menus to end-users for accessing cable/satellite television channels and value-added services.

Market key trends:-

One of the key trends fueling the growth of STB chipset market is rising demand for 4K UHD set top boxes. 4K provides four times higher resolution than Full HD and its adoption has increased rapidly in recent years driven by declining prices of 4K TVs. 4K STBs require powerful chipsets with high processing capabilities to handle ultra-high resolution video. Additionally, 4K content delivery requires higher bandwidth which is driving telecom operators and pay TV providers to offer newer generations of set top boxes with advanced 4K chipsets. This is expected to significantly drive the demand for 4K compatible STB chipsets over the forecast period.

Segment Analysis:-

The global set top box (STB) chipset market is segmented by type and region. Based on type, the market is segmented into digital cable, terrestrial digital television, satellite, and IPTV & OTT. Among these, the satellite segment dominates the market and accounted for highest market share in 2023. This is due to increasing adoption of direct broadcast satellite services over conventional satellite TV services in many countries as it provides high definition content and more channels without any subscription fees.

Key Takeaways:-

The Global Set Top Box (STB) Chipset Market Size is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing digitization of cable television and emphasis on high definition content.

Regional analysis:-

North America dominated the global set top box (STB) chipset market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to well establish cable television infrastructure and early adoption of new technologies. Asia Pacific is expected to be the fastest growing region due to increasing digitization of cable television in major countries like India, China and Japan.

Key players:-

Key players operating in the set top box (STB) chipset market are Amlogic, Inc., ALi Corporation, Marvell, Zhuhai Allwinner Technology Co., Ltd., Broadcom Inc., Socionext Inc., HiSilicon (Shanghai) Technologies Co., Ltd., Pixelworks Inc., Novatek Microelectronics Corp., Rafael Micro, STMicroelectronics, Renesas Electronics Corporation, Synaptics Incorporated, Qualcomm Technologies, Inc., Telechips Inc., Sony Corporation, MaxLinear Inc., MediaTek Inc., Silicon Laboratories, Availink, Inc., MStar Semiconductor Inc., SOLUM Co., Ltd., Hangzhou Nationalchip Science & Technology Co, Ltd., and AltoBeam Inc.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it