US Set-Top Box (STB) Market Research Report Information Product Type (Internet Protocol TV, Digital Terrestrial Television, Satellite, Cable, Over-The-Top Content, and Others), By Content Quality (High Definition, Standard Definition, and 4K), By Service (Managed Services, Interaction Services), By End-User (Commercial, Residential) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Industry Forecast Till 2032

North America plays a significant role in the global set-top box market. This is because it is home to key players like Arris International, Apple, Google, EchoStar Corporation, and Vishay Intertechnology. These companies offer innovative solutions with advanced features and user-friendly interfaces for easy content search and discovery. The US and Canada have a major influence on the market due to their frequent refresh cycle for set-top box devices. These countries have a high demand for set-top boxes with features like high-definition video quality, security, and gateway capabilities. In North America, the market is divided into three countries: the US, Canada, and Mexico.

Based on analysis by MRFR, the US is expected to have the largest market share, followed by Canada and Mexico. In 2017, the US accounted for a market share of 62.40% with a value of USD 3,467.0 million. It is also projected to have the highest compound annual growth rate (CAGR) of 7.1% during the forecast period. Canada was the second-largest market in 2017, valued at USD 1,502.6 million, and is expected to exhibit a CAGR of 5.5%. The strong presence of leading companies and the demand for advanced features in set-top boxes contribute to the growth of the North American market. The US, in particular, leads the market due to its large consumer base and their preference for high-quality video content. The market in Canada is also growing steadily, driven by the increasing adoption of set-top box devices.