The set top box chipset market players are leveraging the innovative and cost-effective technologies to introduce new products in the market. This leads to an improvement in the total quality and features of the set-top boxes. Leading brands like ALi Corporation, Marvell, Zhuhai Allwinner Technology Co., Ltd., Broadcom Inc., Socionext Inc., HiSilicon (Shanghai) Technologies Co., Ltd., and Pixelworks Inc. are leveraging the powerful and resourceful technologies to introduce state-of-the-art technology in the form of multimedia experience in the form of high-definition (HD), digital signage, Wi-Fi, and infrared technology.

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Globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown. COVID-19 has significantly disrupted almost all the industries including, electronics & semiconductor, automotive, manufacturing, media & entertainment, and others. Some companies in the market are formally resuming work and are facing challenges to increase production capacity in a short period of time and make up for the previous losses due to shutdown of manufacturing activities. COVID-19 has a significant impact on the supply-side as well as the demand side of the semiconductors industry. Slowdown in production by set top box manufacturers due to COVID-19 crisis has resulted in demand variation for set top box SoC chipsets.