South Korea Set Top Box Market Size & Outlook, 2023-2030
South Korea set top box market, 2018-2030 (US$M)
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South Korea set top box market highlights
- The South Korea set top box market generated a revenue of USD 1,046.1 million in 2023 and is expected to reach USD 1,281.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 2.9% 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.
Set top box market data book summary
| Market revenue in 2023 | USD 1,046.1 million |
| Market revenue in 2030 | USD 1,281.0 million |
| Growth rate | 2.9% (CAGR from 2023 to 2030) |
| Largest segment | Hd & full hd |
| Fastest growing segment | 4K & Above |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 4.2% of the global set top box market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China set top box market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,085.4 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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South Korea 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 95.1% in 2023. Horizon Databook has segmented the South Korea set top box market based on hd & full hd, 4k & above covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea set top box market growth can be attributed to the growing popularity of Korean drama and romantic TV series and movies. This, in turn, is expected to increase the demand for set top boxes that support OTT applications as viewers can tune into TV channels or OTT platforms as they please.
Moreover, as South Korea was one of the first movers to launch large scale 4K channels broadcasting, it is therefore expected that the demand for high resolution set top boxes will increase.
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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 country-level data and insights on the South Korea set top box market , including forecasts for subscribers. This country databook contains high-level insights into South Korea set top box market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea set top box market size, by content quality, 2018-2030 (US$M)
South Korea Set Top Box Market Outlook Share, 2023 & 2030 (US$M)
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