Top 5 Companies Innovating and Advancing the Global Set-Top Box Market

The global set-top box market is expected to grow at a CAGR of 3.5% in the forecast period of 2022-2027. As per the analysis by the Expert Market Research, the market is being driven by rising living standards.

The rapid digitalisation of broadcast networks and the surging cost-effectiveness of televisions across the globe are driving the overall set-top box market. The market for set-top box is also being supported by rising living standards and inflating disposable incomes, which is significantly surging TV set sales. Furthermore, the market development is being fuelled by increasing launches of innovative hybrid set-top boxes, the proliferation of the 5G technology, and the addition of new functionalities in set-top boxes.

The utilisation of artificial intelligence (AI) to improve latency and user experiences of set-top boxes is expected to aid the market. AI-enabled set-top boxes are also offering enhanced picture quality, multimodal user interfaces, and data security. Moreover, the emerging trend of bring-your-own-devices (BYOD) is anticipated to propel the market for set-top box. With the lower initial costs offered by set-top boxes as compared to streaming services, their demand is likely to increase, especially in developing countries, over the forecast period.

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Top 5 Set-Top Box Companies in the Global Market

DISH Network Corporation

DISH Network Corporation is a leading connectivity company that owns DISH Network, a direct-broadcast satellite provider, as well as Sling TV, an over-the-top IPTV service. In July 2020, the company acquired Boost Mobile to foray into the retail wireless sector and offer enhanced reliability, performance, and flexibility in the wireless segment. The business is headquartered in Englewood, Colorado, and has a revenue of over USD 17 billion in 2021. With more than 14,000 employees in the United States, the company provides its services to about 19 million consumers.

Huawei Technologies Co., Ltd

Huawei Technologies Co., Ltd., based in Shenzhen, Guangdong, is a Chinese company offering smart devices and information and communications technology (ICT). The company serves telecom operators, consumers, organisations, enterprises, and end-use sectors such as energy, finance, and manufacturing, among others. With a wide presence in nearly 170 countries and regions, Huawei employs approximately 197,000 people while serving over 3 billion people.

Roku Inc

Roku, Inc., headquartered in San Jose, California, is a publicly listed American business that offers streaming devices across Latin America, several parts of Europe, and North America. The company aims to enhance the affordability and convenience of home entertainment while streamlining the setup. It is one of the leading television streaming platforms in Canada, the United States, as well as Mexico.

EchoStar Corporation

Through its Hughes Network Systems and EchoStar Satellite Services business divisions, EchoStar Corporation is a global supplier of satellite communication and Internet services. The Hughes Network Systems offers services like end-to-end network operation, software-defined networking, and broadband equipment, among others. With its broad portfolio of wired and wireless solutions, it serves about 50,000 enterprises.