London, 28 November 2014 – The Global RF Device Market for Set-top Box is expected to grow at a CAGR of 11.61 percent from 2015-2019, says research firm TechNavio.
The digitization of existing analog TV connections is expected to trigger demand for RF devices for set top boxes during the forecast period.
According to the latest report from TechNavio, the digitization of cable TV will provide consumers with a wide range of channels and better picture quality. Digitization provides consumers with HD audio and video and allows service providers to offer more channels at lower costs.
“In developing countries like India, governments are making digitization of cable TV mandatory,” says Faisal Ghaus, Vice President of TechNavio.
“As a result of mandatory digitization, there has been a sudden increase in demand for STBs and a related drop in their price.”
The report also emphasizes the increasing collaboration between smart TV vendors and pay TV operators, which actually proves beneficial for both the parties. Such collaborations are expected to accelerate overall market growth through the projected period.
“Samsung and Microsoft have the highest number of collaborations worldwide and account for more than two-thirds of the total number of partnerships for smart TVs worldwide,” Says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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