HD set-top box market continues to grow

New figures from In-Stat show the standard definition set-top box market will continue to decline from its current level of $US1.4 billion to $US438 billion by 2014.

Taking its place will be growth in the HD PVR market, with revenue in that sector to increase by 61% during the same timeframe.

Worldwide, standard set top box shipments will fall by 10% from 2009 to 2014, and digital box shipments will grow by 57%. Asia, Latin America and Europe will see significant growth.

“The set top box market will be solid for the next few years. However, there are some emerging threats that will test the market’s long-term viability,” analyst Mike Paxton said in a statement.

Next year, shipments of hybrid boxes, which integrate IP video with existing broadcasting platforms, will continue to grow in Europe. The digital set top box market as a whole will remain crucial through the next two years.

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