Global Android Set-Top Box Market: Overview
Android setup box is a device that plugs in your television. The Android setup box allows you to view Network TV shows, video websites, and games. They come in different shapes and sizes, owing to the capabilities of running the Android TV operating software. They are becoming more popular in recent years with a seamless experience. It is best suitable for people who travel more frequently. They provide local storage to store the videos in the library and view on demand. They give the users a wide range of services from web surfing to video streaming, all on their televisions. The global android set-top box market is forecasted to register significant growth in the coming years due to the major shift in media preferences.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Android Set-Top Box Market: Growth Factors
Many significant factors have anticipated the boost in the global android set-top box market. The surge in preference for hybrid content has increased the demand for the android setup box. Hybrid content gives a more personalized experience to the users as compared to others. Growing digitalization is one of the vital factors that impact the global android set-top box market. People nowadays are more tech-savvy and opt for more advanced technology. High penetration of internet services and a rise in the demand for OTT and IPTV platforms has opened the doors to significant growth in the global android set-top box market. The Android setup box has several built-in features like voice recognition, TV input framework, video conferencing, and robust apps ecosystem that increased demand for the global android set-top box market.
Global Android Set-Top Box Market: Segmentation
The global android set-top box market classification is based on the resolution, distribution channel, application type, and region.
By resolution, the market is further segmented into the HD & full HD and 4K & above. The HD & full HD segment is holding the larger market share from the past years and is forecasted to dominate the market in the coming years. The HD & full HD is preferred by the majority of the people due to the high-quality video at a highly affordable price.
The 4K & above segment is forecasted to grow in the coming years. An increase in demand for ultra-high resolution content is projected to boost the market growth.
By distribution channel, the market is bifurcated into the online and brick & mortar system. The brick & mortar system segment holds the largest market share. People initially search for the android set-top box on the internet. Then do a physical verification at shopping centers and after that they buy the products. Massive people opt for this strategy for several years.
The online segment foresees steady growth in the coming years due to the changing preferences and lifestyle of the users. Though Covid-19 had changed the shopping behavior of the consumer, we can see a surge in the online segment too.
Global Android Set-Top Box Market: Regional analysis
The Asia Pacific accounts for the largest share in the global android set-top box market. A spike in internet usage and high penetration of smart TV in this region contributes to the high growth rate. Growing digitalization in countries like India propels the growth in the Asian markets. China is the leading country with a strong hold on cost-effective and feature-rich android smart boxes.
North America is forecasted to witness steady growth in the market. The increase in the adoption of UHD devices and subscription-based OTP platforms like Netflix had boosted the growth in the region.
Global Android Set-Top Box Market: Competitive Players
The leading companies are providing feature-rich and user-friendly android set-top boxes to have a competitive edge over others.
Some of the prominent leaders in the global android set-top box market are Evolution Digital, LLC., Coship, Kaonmedia Co., NVIDIA Corporation, SAGEMCOM, HUMAX Electronics Co. Ltd, and Technicolor.
Global Android Set-Top Box Market: Regional Segment Analysis
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