“Despite IP and cable STB shipments declined year-on-year in some advanced countries due to reduced production lines and the US-China trade war, OTT STB devices still managed to witness a double-digit growth in 2018,” says Paul Chan, industry analyst with MIC.

"Consumers in developed countries have been shifting their demand to OTT video streaming service and thus the STB market has started to rely increasingly on developing countries such as Southeast Asia, India, and Latin America.”