Global Android Set-Top Boxes Market Forecast, Trend Analysis & Competition Tracking - Global Industry insights 2015 to 2031

Android Set-Top Boxes Market Introduction:

Android Set-Top Boxes Market: Android set-top boxes offer a lot of features and can be customized for any home. It is very easy to switch out the hardware and upgrade which is what makes Android devices so appealing. There is a device that has been specifically designed for live TV playback, YouTube, Netflix, HBO Go, Sling TV, PlayStation Vue, Hulu, Crunchyroll and more. You can also use an Android set-top box for gaming on your big screen TV with its HDMI output.

Request Covid - 19 Impact

Traditionally, set-top boxes are used for entertainment purposes. The introduction of internet services in set-top boxes made it a smart set-top box. Thus, android TV boxes are considered as game-changer in real-time use. The use of the Android set-top box is increasing on a large scale due to increased digitalization. Android-powered set-top box is evolving rapidly and is considered as a desirable option among consumers. Android set-top box provides rich, diverse content and compelling user experience compared to conventional STB. In addition, android STB has in-built features like voice recognition, TV input framework, robust app ecosystem, and video-conference. The integration of all these new features in one STB is likely to increase the popularity of android STB. Smart android set-top box provides multiple connectivity such as HDMI mode, Bluetooth, Ethernet port, USB ports, and Wi-Fi.

The additional features included in smart STB are that no extra cabling is required all along the floor. Hence there is no issue of poor picture quality because of bad wiring. It also offers automatic updates and notifications. There is a provision to download the updates automatically to have a better viewing experience. Considering all these advantages, a small smart box provides an excellent and affordable option over the conventional set-top box. Increase use of broadcast and on-demand entertainment services. Most of the customers are adopting smart platforms like IPTV set-top box and Over the Top (OTT). Both these platforms require an internet connection to enjoy the services. An OTT platform accesses internet content using the Ethernet PHY device. IPTV set-top box provides enhanced functionality to deliver high-quality and HD interactive broadcast services.

Technological Development in Android Set-top Boxes

Some of the best android set-top boxes most commonly used include Nvidia Shield TV, Sky stream Three Plus, Xiaomi MI Box S, Ematic Jetstream 4K Ultra HD TV Box and others. Nvidia Shield premium android box has inbuilt 4k Chromecast support, Dolby Atmos and can be used as a media server. It can be used with Amazon’s Google Assistant Alexa. Xiaomi MI Box is an upgraded version of the Xiaomi MI Box with 4k HDR support. All these set-top boxes are integrated with Google Assistant and Google Cast functionality. Sky stream Three Plus is one of the most powerful android TV box with advanced features like 4k streaming support and many more.

Market Dynamics

The Android set-top boxes market segmentation by distribution channel include online and retail segments. Online sales are expected to increase in the forecast period as online stores offer detailed product description with more options to choose the product. The majority of consumers are using e-tailing services to buy STB devices online because of its easy accessibility and convenience afforded by such channels. Developments in mobile technology and digitization in emerging economies in a developed region is expected to boost the demand for the market during the forecasted period. Rising Internet Penetration & Shift Towards OTT Content is an innovative rise that is expected to influence the demand for the target market.

Market Restraints and Opportunities

Lack of proper reimbursement of OTT streaming dongles & other channels in the developing and under-developing countries is a factor expected to hinder the potential revenue growth of the target market. Furthermore, the energy efficiency requirement and rising demand from the commercial segment are other factors that offer lucrative opportunities for market growth. Technological advancements and ongoing trends for entertainment is gaining traction of market players such as Amazon, Google and others to offer new and innovative services at affordable prices Additionally, shifting the preference of consumers towards IoT is a factor boosting demand for smart set-top box devices.

COVID-19 Impact

The COVID-19 pandemic has slowed key trade activities in many countries. There may be an imminent economic recession, which may also adversely affect future investment in various sectors. Due to supply chain constraints, several companies are facing short-term operational problems. These factors are expected to affect the prospects for future revenue growth. However, as these blockade measures are gradually lifted and the economy begins to recover, it is expected that the market will have a positive impact.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

The Global Android Set-Top Box Market segmented on Technology, End-User, Sales Channel, and Region:

Based on Technology

• OTT
• IPTV
• Hybrid

Based on the End-User

• Residential
• Commercial
• Other End-User

Based on the Sales Channel

• Online
• Brick & Mortar

Key Players in the market include:

• Arris
• Huawei
• Humax
• Technicolor
• Skyworth
• Echostar
• Coship
• Samsung
• Sagemcom
• Jiuzhou
• Hisense
• Changhong
• Xiaomi
• ZTE
• Unionman
• Yinhe
• Other Key Players