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Set top box (STB) is a hardware device, which receives a digital signal, decodes the signal, and displays it on a television. This process requires a computing device, which can convert digital signal to analog signal. Therefore, chipset is embedded in the set top box. This chipset consists of memory, input & output ports, and secondary storage. Set top box consists of System on chip (SOC) and front end chips. System on chip (SOC) contains digital signals, analog signals or mixed signals based on the requirement. Front end part of set top box is responsible for receiving the broadcasted signal, demodulating the signal and outputting digital data output for set top box decoder chip. Depending upon broadcasting environment terrestrial or satellite or cable, front end chips will be used.

The global set top box (STB) chipset market is expected to witness significant growth during the forecast period (2021–2028) owing to the integration of artificial intelligence (AI) technology into set top box chipsets. Additionally, rising awareness of the internet-based set top boxes, such as IPTV (Internet Protocol Television), is driving the demand for set top box chipsets. For instance, in December 2020, MediaTek Inc. established MLCommons, an engineering consortium company, in partnership with technology companies such as Google, Microsoft, Facebook, Alibaba, and others to enhance artificial intelligence standards in chipset development.

Support of the ultra HD standard to offer high-quality content is expected to drive the market growth. For instance, in September 2016, Qualcomm Technologies, Inc. launched two solutions for home entertainment, the QCA9379 combo chip for dual-stream Wi-Fi 802.11ac and Bluetooth 4.2 and a 4K Ultra HD media box reference platform by using Qualcomm Snapdragon 820 processor. These solutions are specially designed to provide interactive and engaging media experiences in upcoming streaming devices, set top boxes (STPs), and smart TV products. Also, in January 2021, Amlogic, Inc. announced partnership with Skyworth, a China-based company who is engaged in the manufacturing of STBs. Through this partnership, Amlogic, Inc. and Skyworth developed Ultra HD set top boxes (STBs) with Amlogic’s latest S905X4 chipset.

Cord cutting practice is one of the major factor restraining the growth of the set top box chipset market. Cord-cutters have a wide variety of streaming services and video streaming boxes that do not require a set top box from a pay-TV service provider, which is hampering the demand of set top box chipsets.

Global Set Top Box (STB) Chipset Market - Impact of Coronavirus (Covid-19) Pandemic

Globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown. COVID-19 has significantly disrupted almost all the industries including, electronics & semiconductor, automotive, manufacturing, media & entertainment, and others. Some companies in the market are formally resuming work and are facing challenges to increase production capacity in a short period of time and make up for the previous losses due to shutdown of manufacturing activities. COVID-19 has a significant impact on the supply-side as well as the demand side of the semiconductors industry. Slowdown in production by set top box manufacturers due to COVID-19 crisis has resulted in demand variation for set top box SoC chipsets.

Asia Pacific held dominant position in the global set top box (STB) chipset market in 2020

Statistics:

Asia Pacific held dominant position in the global set top box (STB) chipset market in 2020, accounting for 39.8% share in terms of value, followed by Europe and North America.

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Set Top Box (STB) Chipset Market Report Coverage

Report Coverage Details
Base Year: 20120 Market Size in 2019: US$ 3,447.7 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2020 to 2027 CAGR: 5.3% 2027 Value Projection: US$ 5,108.8 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia & New Zealand, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Node Size: 22 nm, 28 nm, 40 nm, 65 nm, and 90 nm
  • By Application: Satellite STB, Cable STB, IPTV STB, and Others 
  • By Content Quality: Standard Definition, High Definition, and 4K and Above 
  • By Type: Front-end Chips and SoC Chipsets
Companies covered:

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.

Growth Drivers:
  • Support of the ultra HD standard and the integration of Artificial Intelligence (AI) into set-top box chipsets 
  • Increasing adoption of advanced technology such as 4K and others
Restraints & Challenges:
  • Adoption of Cord-Cutting Practices

Figure 1: Global Set Top Box (STB) Chipset Market Share (%), By Region, 2020

Set Top Box (STB) Chipset  | Coherent Market Insights

Asia Pacific is expected to account for the largest market share during the forecast period, owing to the high presence of key players such as ALi Corporation, Zhuhai Allwinner Technology Co., Ltd., Socionext Inc., Novatek Microelectronics Corp., Rafael Micro, Renesas Electronics Corporation, and Sony Corporation. For instance, in January, 2019, ALi Corporation launched next-Generation STB Chipset F8 Series in Indian market. F8 is designed as the cost-effective solution for operators which offers good performance, with advanced security architecture compliant with world-leading tier 1 conditional access system (CAS) standards.

Also, Asia Pacific is expected to be the fastest growing region in the global set top box (STB) chipset market over the forecast period owing to the increase in development in media & entertainment industry in the region. According to India Brand Equity Foundation (IBEF), media and entertainment (M&E) industry in India exhibited a CAGR of 10.9% from year 2017 to 2018 and is expected to exhibit a CAGR of 13.1% to reach US$ 39.7 billion by 2023 from US$ 22.3 billion in 2018.

Cable STB segment is expected to drive the market growth during the forecast period

Among application, Cable STB segment is expected to hold dominant position in the global set top box (STB) chipset market during the forecast period. The segment was valued at US$ 1,107.7 Mn in 2020, and is expected to generate a revenue of US$ 1,645.0 Mn by 2028. This segment is expected to exhibit a CAGR of 5.3% over the forecast period (2021 to 2028).

Figure 2: Global Set Top Box (STB) Chipset Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

Set Top Box (STB) Chipset  | Coherent Market Insights

The global set top box (STB) chipset market was valued at US$ 3,447.7 Mn in 2020 and is expected to reach US$ 5,108.8 Mn by 2028 at a CAGR of 5.3% between 2021 and 2028.

Major players operating in the global set top box (STB) chipset market include 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.

The set top box is a hardware device which receives a digital signal and convert that signal into analog single using onboard chipsets. The analog signal is further transmitted to TV as input signal. The chipset consists of various components include memory, input & output ports, and secondary storage.

The global set top box chipset market is segmented no the basis of node size, application, content quality, type, and region. Based on the node size, the market is further segmented into 22 nm, 28 nm, 40 nm, 65 nm, and 90 nm. On the basis of application, the global set top box chipset market is segmented into satellite STB, cable STB, IPTV STB, and others. On the basis of content quality the market is segmented into Standard Definition, High Definition, and 4K and above. On the basis of type the market is segmented into front-end chips and SoC chipsets.

Market Dynamics

The global STB chipset market is rapidly growing owing to the increasing adoption of advanced technology such as 4K and others. The 4K technology is rapidly gaining popularity in past couple of years owing to the better picture and video quality offered by the 4K TVs. According to the Coherent Market Insights’ analysis, it is expected that there will be more than 58% adoption of 4K TVs in the U.S. alone by 2021. This TV requires 4K set top box that needs higher processing capacity than HD or full HD set top box. Thus, considering the increasing demand from consumers many set top box chipset manufacturers are launching 4K chipset. For instance, in September 2018, Synaptics Incorporated launched VideoSmart BG5CT multimedia solution featured with 4K Advanced HDR video processing for the set-top-box market. The BG5CT integrates a 1.6 GHz 15K DMIPs Quad Core ARM CPU, 2.8 GPixel per second GPU, and other techniques to enable set top box manufacturers to deliver entertainment and gaming services to their subscribers.

Furthermore, many key players in the market are focusing on establishing partnerships with set top box manufacturers and digital service provider in order to develop set top box chipsets. In January 2021, Amlogic, Inc. announced partnership with Skyworth, a China-based company who is engaged in the manufacturing of STBs. Through this partnership, Amlogic, Inc. and Skyworth developed Ultra HD set top boxes (STBs) with Amlogic’s latest S905X4 chipset.

The set top box chipset manufacturers are constantly adopting advanced technologies such as 5G, Wi-Fi 6 in order to provide high quality products to the consumers. For instance, in October 2019, Broadcom Inc., a US based chipset manufacturing company launched BCM6710, a 3x3 Wi-Fi 6 chip designed for WLAN applications such as  set-top boxes, Wi-Fi routers, and others. The company also offer BCM7218X, an ultra-High-Definition TV (UHDTV) with HDR 10-bit chipset with Wi-Fi 6 technology.

Key features of the study:

  • This report provides in-depth analysis of global set top box (STB) chipset  market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global set top box (STB) chipset  market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include 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.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global set top box (STB) chipset market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global set top box (STB) chipset market

Detailed Segmentation

  • Global Set Top Box (STB) Chipset Market, By Node Size
    • 22 nm
    • 28 nm
    • 40 nm
    • 65 nm
    • 90 nm
  • Global Set Top Box (STB) Chipset Market, By Application
    • Satellite STB
    • Cable STB
    • IPTV STB
    • Others
  • Global Set Top Box (STB) Chipset Market, By Content Quality
    • Standard Definition
    • High Definition
    • 4K and Above
  • Global Set Top Box (STB) Chipset Market, By Type
    • Front-end Chips
    • SoC Chipsets
  • Global Set Top Box (STB) Chipset Market, By Region:
    • North America
      • 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 Country:
        • U.S.
        • Canada
    • Asia Pacific
      • 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 Country:
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • 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 Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Latin America
      • 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 Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • 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 Country/Region:
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East
  • Company Profiles
    • Amlogic, Inc.
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates
    • 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.
    • AltoBeam Inc

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global set top box (STB) chipset market is expected to reach US$ 5,108.8 million by 2028.
The market is expected to witness a CAGR of 5.3% during the forecast period (2021-2028).
Support of the ultra HD standard and the integration of Artificial Intelligence (AI) into set top box chipsets is expected to boost the growth of the market.
The Cable STB segment held the largest market share among application, contributing 32.1% in terms of value in 2020.
Asia Pacific region held the largest share in the market in 2020, accounting for 39.8% share in terms of value.
Key players operating in the market include 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.

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