Middle East & Africa Set Top Box Market Size & Outlook
Middle East & Africa set top box market, 2018-2030 (US$M)
Related Markets
MEA set top box market highlights
- The MEA set top box market generated a revenue of USD 1,375.7 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Nigeria is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,375.7 million |
| Market revenue in 2030 | USD 1,846.8 million |
| Growth rate | 4.3% (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, MEA region accounted for 5.5% 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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Middle East & Africa 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 93.07% in 2023. Horizon Databook has segmented the Middle East & Africa set top box market based on hd & full hd, 4k & above covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) region is expected to grow at a CAGR of 4.3% over the forecast period. The regional growth can attributed to the growing adoption of digital TV connections.
Moreover, the high disposable income of the population in this region is predicted to significantly add to the demand for set top boxes. Similarly, OTT platforms, video-on-demand, and other TV services that can be availed via set top boxes is expected to be a factor in pushing the market growth in MEA.
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Our clientele includes a mix of set top box market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa set top box market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa set top box market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA set top box market size, by country, 2018-2030 (US$M)
Middle East & Africa Set Top Box Market Outlook Share, 2023 & 2030 (US$M)
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