The Set Top Box (STB) Chipset market provides users access to over-the-top media services through internet-connected devices. STB chipsets incorporate system-on-chips that enable functions such as interacting with broadcast and broadband digital television and internet protocol television. They integrate features including video decoding, operating system, connectivity ports and more into a single chip. This integration significantly reduces the size, cost and power consumption of set-top boxes and smart TVs. Due to increasing penetration of ultra-high speed fibre optic and 5G networks globally, demand for media streaming over broadband is rising rapidly. The growing preference for video-on-demand services like Netflix and Amazon Prime is further propelling the need for high performance STB chipsets.

The Global Set Top Box (STB) Chipset Market is estimated to be valued at US$ 4412.15 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Set Top Box (STB) Chipset Market Size are TapImmune (US);Merck (US);BrightPath Biotherapeutics (Japan);Sellas (US);BioLife Science (US);Boston Biomedical (US);VAXON Biotech (France);Lytix Biopharma (Norway);ISA Pharmaceuticals (Netherlands);Generex Biotechnology (Canada);OncoTherapy Science (Japan);Enzo Life Science (US);Antigen Express (US);Immatics Biotechnologies (US);Immune Design (US);Immunomedics (US);Galena Biopharma (US);Generex Biotechnology Corporation (Canada);and Ultimovacs (Norway).

The global demand for over-the-top media services and video-on-demand is rising rapidly with proliferation of smart TVs and mobile devices. This is driving the need for more advanced STB chipsets that can support high definition playback of internet video streams.

Major STB chipset manufacturers are expanding their global footprint by establishing design and manufacturing facilities across Asia Pacific, Europe and North & South America to effectively cater to the burgeoning demand from pay-TV operators and broadband internet service providers.

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