The set top box devices market is expected to hit a global value of around $15.6 billion by the year 2018, from a value of $8.7 billion in 2011.
2012 will see shipments within the set top box devices market rise to 135.4 million, an increase of 0.4%, which will be followed by low single digit growth over the coming two years. By 2015 signs of a plateau will be starting to show at set top box shipments will have grown by less than 1% to reach a market value of 151.7 million.
The growth in the set top box devices market can be attributed to a number of factors including the increasing prevalence of cloud computing and next generation gateways in set top boxes in order to manage Internet connectivity.
Growth within the global set top box devices market is expected to be relatively strong over the next few years despite overall slow growth within the developed economies of the world. New technology and increasingly powerful processors has enabled a more personalised viewing experience to be provided to clients.
The past few years has seen the set top box devices market rise and fall but as conditions settle down from 2011's unusual movement, the set top box market will continue to grow but remain split. For established regions like North America and Europe, the expansion of the set top box devices market will be spurred by a shift among consumers to premium boxes that allow high-deﬁnition viewing.
Meanwhile, growth in Asia-Paciﬁc and other emerging regions will come from viewers in those areas starting to use entry-level, standard-deﬁnition boxes. A further wave of growth can be expected by the industry when the emerging regions eventually adopt high-deﬁnition boxes and Digital Video Re¬corder (DVR) systems that allow time shifted viewing and catch-up TV. China is set to represent the fastest growing set top box market in the world as one of the main sources of recent set top box market growth has set a target of moving from terrestrial television to digital cable transmission by 2015.
Among manufacturers, four suppliers formed a clear top tier in 2010. British-based Pace plc was No. 1 in with shipments of 20.7 million units, followed by three US companies -- Motorola Inc. with 19.0 million units; Technicolor with 12.9 million; and Cisco Systems Inc. with 12.2 million. Together, the Top 4 accounted for 44 percent of the market.
For more information on the set top box devices market, see the latest research: Set Top Box Devices Market
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