Cable TV Boxes Market Expected To Grow at CAGR of 4%

Cable TV Boxes Market Expected To Grow at CAGR of 4%

The Cable TV Boxes Market size is expected to grow at  CAGR of +4% during the forecast period 2019 – 2025.

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As per Global Cable TV Box Market  report, the global cable TV box market industry to gain better insights into improving the company’s performance.

Aggregated based on other properties such as application, type and end-user. In addition to corporate strategy, the Cable TV Box market also highlights a number of attributes that promote or discourage the development of the industry.

India Set Top Box (STB) market is projected to grow at a robust CAGR during 2018 – 2023 owing to introduction of HD channels, rising adoption of smart televisions, increasing awareness regarding the Internet-based STB device and growing demand for high quality sound & images.

The growing advancements in digital broadcast technologies coupled with the increasing demand for superior video & audio contents are anticipated to boost the STB market over the next 5 years. Based on quality, the market has been segmented into SD, HD and 4k UHD. The HD devices are progressively swapping the conventional SD devices and this trend is supposed to continue over the forecast period in the country. Based on type, the market has been segmented into Digital Cable, Terrestrial digital, Satellite digital, IPTV and Others.

In 2017, the terrestrial digital segment dominated the overall market in terms of revenue and the segment is anticipated to maintain its dominance over the next five years as well. Furthermore, increasing standards of living coupled with the presence of various government regulations pertaining to the digitalization of inheritance wired cable television broadcast channels across the country further expected to boost the growth of the STB market during the forecast period. The key players in the market are Pace, Cisco, Echostar, among others.

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