U.K.-based set-top manufacturer Pace held 17% global market share in the pay-TV set-top market in the second quarter of 2011, narrowly beating Motorola with 16%, according to research firm Infonetics Research.
Technicolor held third place at 11% worldwide share, followed by Cisco Systems at 10% and EchoStar Technologies at 8%. Other suppliers accounted for 38% of the market.
Despite sequential declines in cable and IPTV set-top box sales, the overall market held steady in the second quarter at $3.45 billion, down less than 1%, thanks to increased satellite set-top sales, Infonetics said.
"Looking forward, early signs indicate a robust period of opportunity is imminent for the hybrid IP segment, particularly in the cable market, as hybrid IP STBs have the same capabilities as standalone over-the-top (OTT) players plus the added benefit of providing linear broadcast television programming," Infonetics analyst Teresa Mastrangelo said in a statement.
Infonetics expects the overall set-top box market to peak in 2011 followed by overall annual declines in the single digits through 2015 and beyond, despite healthy growth in IP and hybrid IP set-tops.
Infonetics' quarterly set-top box report tracks vendors including: ADB, Amino, Cisco, Coship, Dasan, DVN, EchoStar, Humax, Huawei, Jiuzhou, Motorola, Netgem, Pace, Sagemcom, Samsung, Skyworth Digital, Sumitomo, Technicolor and ZTE.