Set-Top Box Market Fortunes Waning With Growth of Streaming, ABI Says

The set-top box video SoC market revenue will fall 5 percent to $2.4 billion this year, due to pressure growing video streaming services are putting on pay-TV services, ABI Research said Thursday, saying revenue is expected to dip to $2 billion annually by 2023. It said the STB market will be driven in coming years by the switch from standard definition to boxes supporting HD and Ultra HD.