In 2007, the cable set top box (STB) market experienced record-setting growth, as both worldwide unit shipments and revenues reached new highs, reports In-Stat. Strong demand for basic digital cable STBs, especially in the Chinese market, coupled with sustained demand for advanced digital cable STBs in the North American market, is fuelling the market growth, the high-tech market research firm says.
The next several years also look bright for this market. In-Stat is forecasting that demand for worldwide digital cable STBs will remain strong through 2012, although unit shipments will decrease gradually throughout the forecast period as the analogue to digital cable TV transition matures.
In-Stat found that the worldwide digital cable set top box unit shipments spiked to over 41 million units last year, up from 29.7 million units in 2006, and worldwide cable set top box revenues passed the $6 billion mark in 2007, up from $4.8 billion in 2006