Global 4K set top box market size is expected to reach $3.65bn by 2024

The global 4K set top box (STB) market size is expected to reach $3.65bn by 2024, according to a new report by Grand View Research.

According to this research, increasing demand for UHD 4K video content and surging sales of compatible 4K TVs and display devices are expected to positively shape the ultra-high definition (UHD) STB market’s growth prospects.

Technological advancements and rising demand for UHD video and sound are anticipated to drive the global 4K STB market over the forecast period. The introduction of advanced Internet Protocol Television (IPTV), and over the top (OTT) streaming technologies are further expected to favourably impact the market.

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