Set-top box shipments to hit a new record high

According to a report released by Multimedia Research Group, demand for digital set-top box products is rising, particularly in Asia, Latin America, and a number of countries in Europe.

The expansion of pay-TV services in developing markets, along with the ongoing shift from standard-definition products to high-definition products in developed markets, is fueling market demand.

Overall, Multimedia Research Group projects that the annual growth rate for unit shipments of digital set-top boxes in 2012 will exceed 15%, with total worldwide unit shipments ending the year at 250 million, a new record high.

The full Global Set-Top Box Market report can be found here.