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The global Set Top Box (STB) Chipset market was valued at US$ 3,447.7 Million in 2020 and is expected to surpass US$ 5,108.8 Million by 2028, registering a CAGR of 5.3% during the forecast period (2021-2028), according to the Global Set Top Box (STB) Chipset Market Report, By Node Size (22nm, 28nm, 40nm, 65nm, and 90nm), 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), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Set top box (STB) is a hardware device, which receives a digital signal, decodes the signal, and displays it on a television. Therefore, chipset is embedded in the set top box to convert digital signal to analog signal. This chipset consists of memory, input & output ports, and secondary storage. System on chip (SOC) contains analog signals, digital signals, or mixed signals based on the requirement. Chipsets are developed using metal oxide technology.

Merger & acquisition is top strategies adopted by players involved in global set top box (STB) chipset Market. For instance, in December, 2019, Marvell acquired Avera Semiconductor, a leading provider of ASIC semiconductor solutions. The acquisition helped Marvell to expand its ASIC (Application-Specific Integrated Circuit) design capabilities. In January 2017, Novatek Microelectronics Corp. acquired Faraday’s Surveillance Business, which includes DVR and IP-Cam SoC and other products, along with related intellectual property, technology, and fixed assets for an aggregated acquisition price of around US$ 25 Mn.

The growing digitization of television network and increase in adoption of network connectivity options such Wi-Fi and 5G connectivity in the STB SoC are expected to drive the demand for market. There has been increasing adoption of smart TVs as it allows the customers to access the TV content of their choice. Furthermore, government policies mandating the installation of set top boxes in several countries coupled with rising disposable incomes are some positive factor for the market growth. These factors are expected to drive the value of set top box (STB) chipset market at a CAGR of 5.3% over the forecast period 2021-2028.

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

The rapid outbreak of COVID-19 across the globe has significantly affected all the industries globally. The situation caused significant deterioration in economic conditions and government had to shut down commercial as well as educational sectors for a specific period. Strict containment measures have resulted in a drop of economic activities and the business environment of many organizations has changed. For instance - the ongoing and planned projects of construction, mining, and other industries have been delayed, or cancelled. COVID-19 pandemic adversely effected various businesses across the globe including manufacturing, consumer electronics, transportation, and others. According to Coherent Market Insights’ analysis, the impact of coronavirus (COVID-19) pandemic on the global Set Top Box (STB) Chipset market is moderate.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/set-top-box-chipset-market-3235

Browse 150 market data tables* and 90 figures* on “Global Set Top Box (STB) Chipset Market- Global forecast to 2028”

Key Trends and Analysis of the Global Set Top Box (STB) Chipset Market:

  • Advancements in technology such as introduction of 4K TV’s which is in huge demand as compared to full HD in the entertainment industry is one of the major factors driving the growth of set top box market and subsequently the global set top box chipset market.
  • On the basis of application, the global set top box (STB) chipset market is segmented into Satellite STB, Cable STB, IPTV STB, and Others. The cable STB segment is accounted for largest share in the global set top box (STB) chipset market in 2020.
  • Asia Pacific region is expected to 40.0% market share in in 2021 in the global market and expected to grow at highest CAGR of 5.7% owing to the increase in development in media and entertainment industry in the region. According to India Brand Equity Foundation (IBEF), media and entertainment (M&E) industry in India exhibited a CAGR of 10.90% 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.
  • The prominent players involved in the global set top box (STB) chipset market are continuously focusing on launching new product. For instance, In September 2020, Amlogic, Inc. launched first reference design kit (RDK) Video Accelerator set-top box (STBs) powered by Amlogic S905X2 or S905X4 chipset with 2GB DDR4 + 8 or 16GB eMMC, Bluetooth (BTLE) 4.2, 802.11ac dual band 2×2 Wi-Fi (Wi-Fi 5).
  • On the basis of content quality, the high definition segment is accounted for the largest share in 2020. The segment was valued at US$ 2,163.8 Mn in 2020, and is expected to generate a revenue of US$ 3,269.6 Mn by 2028. This segment is expected to exhibit a CAGR of 5.6% over the forecast period (2021 to 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.
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