Latin America Set Top Box Market Size & Outlook, 2023-2030
Latin America set top box market, 2018-2030 (US$M)
Related Markets
Latin America set top box market highlights
- The Latin America set top box market generated a revenue of USD 2,217.7 million in 2023.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, hd & full hd was the largest revenue generating content quality in 2023.
- 4K & Above is the most lucrative content quality segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,217.7 million |
| Market revenue in 2030 | USD 3,076.2 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Hd & full hd |
| Fastest growing segment | 4K & Above |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HD & Full HD, 4K & Above |
| Key market players worldwide | CommScope Holding Co Inc, EchoStar Corp Class A, Huawei Technologies, Samsung Electronics Co Ltd, LG CNS, Coship Electronics, Kaonmedia, Sagemcom, Vantiva |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.9% of the global set top box market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 3,076.2 million by 2030.
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Set Top Box Market Scope
Set Top Box Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America set top box market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to set top box market will help companies and investors design strategic landscapes.
Hd & full hd was the largest segment with a revenue share of 93.64% in 2023. Horizon Databook has segmented the Latin America set top box market based on hd & full hd, 4k & above covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America set top box market is expected to grow at 4.8%. The region’s development is attributed to the increase of pay TV services offered via set top boxes.
The cost efficiency factor of video-on-demand and pay TV by installing a set top box is expected to drive the regional growth. Furthermore, OTT content in regional languages that is accessible via set top box subscriptions is anticipated to add to the demand for set top boxes in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America set top box market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America set top box market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America set top box market size, by country, 2018-2030 (US$M)
Latin America Set Top Box Market Outlook Share, 2023 & 2030 (US$M)
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