Increased digital TV penetration in households coupled with a rise in Internet users are expected to boost the conditional access market at a CAGR of 9.1% over the next five years, says a study by The Insight Partners.
The report, Conditional Access System (CAS) Market to 2025 – Global Analysis and Forecasts by Applications and Solution Types, calculates the global conditional access systems market to have been worth $2.32 billion at the end of 2015 and expects it to reach $5.53 billion by 2025Looking at the drivers for growth, The Insight Partners noted that developing countries in APAC and MEA are anticipated to experience significant adoption of CA systems, due to growing internet infrastructure and modernising traditional TV services. Moreover, while North America and Europe currently dominate the global CAS market, the analyst predicts that APAC will overtake market share of Europe during the forecast period, due to increasing demand for digital TV set-top boxes in countries such as China and India. The APAC region is estimated to mark a growth rate of 12.0% CAGR during the forecast period 2016 to 2025.
Drilling deeper into Europe, the analysis found that the German conditional access systems market is expected to exhibit highest growth rate of 11.2% during the forecast period 2016-2025, outpacing even the European digital TV hot spot that is the UK.
The analyst believes that the global industry will be led by companies such as NAGRA, Verimatrix, Irdeto, Viacess-Orca, Cisco Systems, Coretrust, Conax, China Digital TV, Wellav Technologies and ARRIS.
