With introduction of high-definition (HD) channels and smart TVs has led to an increase in digital TV viewing, which in turn will show in an unprecedented growth of the set-top-boxes (STB) market.
A Frost & Sullivan study released on 24th February estimates that the total market for STB was 23.52 million units in 2013 and is expected to reach volumes of 39.4 million units by 2015, representing a healthy compound annual growth rate (CAGR) of 29.3 per cent.
The STB market recorded a total market of consumption at 18.4 million units, of which satellite STB accounted for 10.4 million units in 2012.
Meeting the demand for STBs through domestic production is not possible immediately. However, digitisation has opened up immense opportunities for domestic manufacturing to pick up. Local production of STBs is projected to rise in future, as the Cable Television Networks (CTN) Amendment Bill 2011 mandates digitisation of TV broadcasts pan India by 2014. This bill has provided the necessary thrust for driving growth of the STB market, both cable and satellite.
Source: http://cablequest.org/news/digitization-news/item/4338-stb-markets-of-india-to-grow-at-cagr-of-29-3-by-2015-report.html
Source: http://cablequest.org/news/digitization-news/item/4338-stb-markets-of-india-to-grow-at-cagr-of-29-3-by-2015-report.html
Source: http://cablequest.org/news/digitization-news/item/4338-stb-markets-of-india-to-grow-at-cagr-of-29-3-by-2015-report.html
Source: http://cablequest.org/news/digitization-news/item/4338-stb-markets-of-india-to-grow-at-cagr-of-29-3-by-2015-report.html
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