The market for cable set-top boxes is bouncing back in 2004, according to market research firm In-Stat/MDR, as worldwide shipments for this year are expected to grow by 11% to reach 10.87 million.
The latest report from In-Stat shows that North American cable television operators are fuelling growth with orders for personal video recorder and high-definition enabled boxes continually growing.
Senior analyst, Mike Paxton, said: “Worldwide demand for digital cable set top boxes is expected to remain steady during the next five years, as rising demand for digital cable set top boxes in a few select Asian and European countries makes up for moderating demand in the all-important North American market, especially during the 2006-2008 time period.”
High-definition digital cable set top boxes alone have strong demand, with manufacturers on track to ship over 2 million this year, compared to just over 750,000 in 2003.
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