Nigeria Set Top Box Market Size & Outlook, 2023-2030
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Nigeria set top box market highlights
- The Nigeria set top box market generated a revenue of USD 156.0 million in 2023 and is expected to reach USD 219.2 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 5% 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 156.0 million |
| Market revenue in 2030 | USD 219.2 million |
| Growth rate | 5% (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, Nigeria accounted for 0.6% 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 Middle East & Africa, Egypt set top box market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 219.2 million by 2030.
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Set Top Box Market Scope
Set Top Box Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sagemcom | View profile | 5001-10000 | Rueil-malmaison, Ile-de-France, France, Europe | http://www.sagemcom.com/ |
| Kaonmedia | View profile | 251-500 | Gyeongju, Kyongsang-bukto, South Korea, Asia | http://www.kaonmedia.com |
| Coship Electronics | View profile | 251-500 | Shenzhen, Guangdong, China, Asia | http://www.coship.com |
| LG CNS | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.lgcns.com |
| Vantiva | View profile | 5001-10000 | Paris, Ile-de-France, France, Europe | https://www.vantiva.com |
| CommScope Holding Co Inc | View profile | 20000 | 3642 E. US Highway 70, Claremont, NC, United States, 28610 | https://www.commscope.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| EchoStar Corp Class A | View profile | 15300 | 9601 South Meridian Boulevard, Englewood, CO, United States, 80112 | https://www.echostar.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
Nigeria 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 91.47% in 2023. Horizon Databook has segmented the Nigeria set top box market based on hd & full hd, 4k & above covering the revenue growth of each sub-segment from 2018 to 2030.
Nigeria set top box market is expected to grow at a significant CAGR over the forecast period from 2023 to 2030. The region’s market growth can be attributed to the population size which is a potential customer base for key market players.
In addition, the increasing disposable income of the middle class in the region is anticipated to add to the demand of the set top box market in Nigeria.
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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 Nigeria set top box market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria set top box market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Nigeria set top box market size, by content quality, 2018-2030 (US$M)
Nigeria Set Top Box Market Outlook Share, 2023 & 2030 (US$M)
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