The global 4KSet Top Box (STB) market size is expected to reach USD 3.65 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for UHD 4K video content, surging sales of compatible 4K TVs and display devices is expected to positively shape the Ultra High Definition (UHD) set top box market’s growth prospects. Content providers have begun offering sharper and immersive video content to the consumers on account of significant breakthroughs in the 4K technology. Large scale penetration of smart TVs has proved to be instrumental in escalating the demand for such sophisticated set top boxes. Industry vendors have leveraged on providing set top boxes with enhanced broadcast capabilities on Digital Video Broadcasting-Satellite (DVB-S/DVB-S2) standards.
http://www.grandviewresearch.com/industry-analysis/4k-set-top-box-market
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