Strong demand for digital STBs led to record shipments totalling 143 million units in 2007, according to market analysts In-Stat.
The results ensure that the digital STB market remains one of the fastest growing segments of the consumer electronics industry.
UK set-top box specialist Pace just announced a rise in STB shipments of 55 per cent in the first half of this year, helping push revenues forward 22 per cent to £231m.
Heavy consumer interest in Free-to-Air satellite services, coupled with the expanding availability of digital cable TV and IPTV services, have helped fuel the industry’s best ever results.
Among the other results included in The Global Digital Set Top Box Market are:
* Worldwide digital set top box unit shipments reached 143 million in 2007, up sharply from 121 million in 2006.
* Satellite set top box unit shipments accounted for just over 50 per cent of all global digital set top box unit shipments last year, while digital cable set top boxes made up 29 per cent of total unit shipments.
* Worldwide digital set top box product revenues hit US$14 billion in 2007, an increase of US$3 billion over 2006 revenues.
* The market for semiconductor components inside digital set top boxes also grew significantly last year. The total value of semiconductors embedded in digital set top boxes increased to US$7.7 billion in 2007.