According to Future Market Insights, the global set-top box market is forecast to grow from $22.269 billion at the end of 2017 at a CAGR of 7.5% to about $46.091 billion by the end of 2027.

Revenue from the set-top box market in the Asia-Pacific (excluding Japan) region (APEJ) and North America is estimated to collectively account for more than 55.7% of the global set-top box market revenue in 2017. In North America, increasing demand for UltraHD/4K video is expected to support the growth of the market. In the APEJ region, growth is expected to be driven by increasing penetration of television in both rural and urban areas, a growing middle class, and increasing disposable income.

FMI segments the set-top market on the basis of product type (cable, satellite, IPTV and OTT devices) and by video quality (SD and HD Boxes). Among the forecasts:

• In 2017, the satellite set-top box segment is estimated to be valued at $8.458 billion and is expected to register a CAGR of 8.1% during the forecast period.
• The OTT devices segment is estimated to be valued at $3.039 billion in 2017 and is forecast to reach $3.406 billion in 2018, a year-on-year growth rate of 12.2%.
• In 2017, the SD set-top segment is estimated at $5.377 billion and is expected to register a CAGR of 5.1% during the assessment period.
• The HD set-top segment is estimated at $16.891 billion in 2017 and is forecast to reach $18.532 billion in 2018, a year-on-year growth rate of 9.7%.
• In 2017, the North American set-top market is estimated to be valued at $ 5.748 billion and is projected to reach $9.942 billion by the end of 2027. The market in North America is expected to represent incremental opportunity of $4.193 billion between 2017 and 2027.
• In 2017, the APEJ set-top box market is estimated at $6.652 billion and is projected to reach about $16.703 billion by the end of 2027. The market in APEJ is expected to represent incremental opportunity of $10.050 billion between 2017 and 2027.