Set Top Box Market - Forecast(2021 - 2026)
Set Top Box Market Overview: Entertainment will never die and it will continue to impact human civilization in innumerable ways. In the present day and age, in an average household, it is nearly impossible to imagine a life without a television set. Families’ entertainment needs center around the television which is brought to life by a small and significant information appliance device called the set top box. India for example, the world’s second largest population, is a key country-wide set top box market. As per the Telecom Regulatory Authority of India, in the year 2017, set top box user base stood at 67.56 million, a number which has seen progress in the upward direction since then. In 2018, the set top box market size stood between $16.5 billion to 18 billion, and the demand is projected to grow with a healthy CAGR of 6%-7% during the forecast period of 2019-2025. APAC remains the geographical demand leader of the set top box market with a regional share close to 40% as of 2018...