What are the latest figures on the android set top box (stb) and television market’s size and projected CAGR?
The android set top box (STB) and television market size has grown rapidly in recent years. It will grow from $89.01 billion in 2024 to $103.5 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increasing interest in having an Android-powered STB and TV, the use of Android STBs, accelerated expansion in the Android STB and TV, increased audience demand for hybrid content, increasing consumer awareness of content digitalization.
The android set top box (STB) and television market size is expected to see rapid growth in the next few years. It will grow to $187.56 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to cloud video streaming becoming more popular, growing demand for smart TV solutions, the rising popularity of over-the-top (OTT) services, integration with smart home devices, the surging demand for ultra-high-definition devices. Major trends in the forecast period include integrated STB development, growing trend of cord-cutting, integration with smart home devices, rising consumer demand for hybrid content, enhanced user experience of android STBs and TVs, and adoption of web and smart television technologies.
Get Your Free Sample of The Global Android Set Top Box (STB) And Television Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16588&type=smp
Which Market drivers have played a significant role in driving the android set top box (stb) and television market?
The rising popularity of over-the-top (OTT) services is expected to propel the growth of the android set-top box (STB) and television market going forward. Over-the-top (OTT) services refer to delivering audio, video, and other media content over the Internet, bypassing traditional broadcasting, cable, and satellite television platforms. The rising popularity of over-the-top (OTT) services is driven by their convenience, affordability, and diverse content offerings. Over-the-top (OTT) services use android set-top boxes (STBs) integrated with televisions to seamlessly deliver a diverse range of multimedia content. For instance, in August 2022, according to a Media Nations report by the Office of Communications (Ofcom), a UK-based government-approved regulatory and competition authority, subscription video-on-demand (SVoD) services, including platforms such as Netflix and Disney+, saw adoption in 67% of UK households by the second quarter of 2022, up from 60% in the third quarter of 2020. Therefore, the rising popularity of over-the-top (OTT) services is driving growth in the android set-top box (STB) and television market.
What are the key segments within the android set top box (stb) and television market?
The android set top box (STB) and television market covered in this report is segmented –
1) By Type: Android Set Top Box (STB), Android Television (TV)
2) By Resolution: High Definition (HD), Full High Definition (HD), 4K And Above
3) By Distribution Channel: Online, Offline
4) By Application: Residential, Commercial Or Enterprises
Subsegments:
1) By Android Set Top Box (STB): Standard Android STB, 4K Android STB, Smart Android STB, OTT (Over-The-Top) Android STB, Gaming Android STB
2) By Android Television (TV): 4K Android TV, Smart Android TV, OLED Android TV, LED Android TV, QLED Android TV
Order your report now for swift delivery
Which key players are shaping the android set top box (stb) and television market?
Major companies operating in the android set top box (STB) and television market are Huawei Technologies Co. Ltd., Hitachi Ltd., Sony Corporation, LG Electronics Inc., Cisco Systems Inc., Xiaomi Inc., Haier Smart Home Inc., Broadcom Inc., NVIDIA Corporation, Koninklijke Philips N.V., Bharti Airtel Limited, CommScope Holding Company Inc., Roku Inc., Vantiva SA, VIZIO Inc., Tata Sky Ltd., Hisense International, Humax Co. Ltd., Kaon Media Co. Ltd., Dish TV Limited, Advanced Digital Broadcast Inc., Shenzhen Coship Electronics Co. Ltd., Evolution Digital LLC, SDMC Technology Co. Ltd., Dynalink Communications Inc., Easytone Network Technology Co. Ltd., QPLOVE Technology Co. Ltd.
Which transformative trends will shape the android set top box (stb) and television market landscape?
Major companies operating in the android set top box (STB) and television market are focusing on adopting cutting-edge technology, such as 4K high-performance set-top boxes, to deliver superior picture quality and enhance the user experience. A 4K high-performance set-top box (STB) is a next-generation television set-top box that supports advanced technologies to enhance the user experience. For instance, in May 2024, ZTE Corporation, a China-based technology company, launched the B866V6N, a next-generation 4K high-performance Set Top Box (STB) that supports AI Super Resolution (AI-SR). This product revolutionizes image processing capabilities, enabling users to enjoy Ultra High Definition (UHD) videos, smoother gaming experiences, and access to a wide range of smart applications. The B866V6N features the Cortex-A55 quad-core architecture and boasts a processing capability of up to 30,000 Dhrystone Million Instructions Per Second (DMIPS), a 29% faster processing speed, and a 50% reduction in power consumption compared to previous-generation 4K STBs.
How do regional factors impact the android set top box (stb) and television market, and which region is the largest contributor?
North America was the largest region in the android set-top box (STB) and television market in 2023. The regions covered in the android set top box (STB) and television market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Android Set Top Box (STB) And Television Market Report 2025 Offer?
The android set top box (stb) and television market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An android set-top box (STB) and television refer to devices that run on the android operating system, providing smart TV functionality to regular televisions. These devices are used to stream content from the internet, access apps, games, and other multimedia services, and offer features such as voice control and personalized recommendations. The purpose of android STBs and televisions is to enhance the viewing experience by integrating internet capabilities and offering a wide range of entertainment options beyond traditional TV programming.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16588
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
