Remotes Market by Application, Type, and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR43182
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The remotes market value is projected to grow by 57.38 million units at a CAGR of 1.58%, during 2020-2024.

The remotes market report extensively covers market segmentations by application (TVs, set-top boxes, and gaming consoles), type (standard, motion-controlled, and voice-controlled), and geography (APAC, North America, Europe, South America, and MEA), and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Remotes Market Size be in 2020?

Remotes-Market-Market-Size-2019-2024

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Remotes Market: Key Drivers and Trends

According to our research output, there has been a  impact on the market growth post COVID-19 era. Key drivers such as the increase in the sales of smart TVs are notably supporting the remotes market growth. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic global remotes market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Remotes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • General Electric Co.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Logitech International SA
  • Panasonic Corp.
  • Remote Solution Co. Ltd.
  • Robert Bosch GmbH
  • SMK Corp.
  • Universal Electronics Inc.
  • VOXX International Corp.

 

From our Porter’s five forces analysis study get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The remotes market analysis report also contains exhaustive observation on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

Download a free sample of the remotes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Remotes Market?

Remotes-Market-Market-Share-by-Region-2019-2024

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The remotes market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 86% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for remotes in APAC.

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Remotes Market?

Remotes-Market-Market-Share-by-Application-2019-2024

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The remotes market share growth by the TVs segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the remotes market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Remotes Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive remotes market growth during the next five years
  • Precise estimation of the remotes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the remotes market across APAC, Europe, MEA, North America, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of remotes market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Remotes Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2020-2024

57.38 mn units

Market structure

Fragmented

YoY growth (%)

1.20

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

APAC at 86%

Key consumer countries

China, Japan, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Panasonic Corp., Remote Solution Co. Ltd., Robert Bosch GmbH, SMK Corp., Universal Electronics Inc., and VOXX International Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • TVs - Market size and forecast 2019-2024
  • Set-top boxes - Market size and forecast 2019-2024
  • Gaming consoles - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Standard - Market size and forecast 2019-2024
  • Motion controlled - Market size and forecast 2019-2024
  • Voice controlled - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • General Electric Co.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Logitech International SA
  • Panasonic Corp.
  • Remote Solution Co. Ltd.
  • Robert Bosch GmbH
  • SMK Corp.
  • Universal Electronics Inc.
  • VOXX International Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The remotes market growth will increase by $57.38 million units during 2019-2024.
The remotes market is expected to grow at a CAGR of 1.58% during 2019-2024.
Technavio has segmented the remotes market by type (Standard, Motion controlled, and Voice controlled) and geographic (APAC, North America, Europe, and South America).
General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Panasonic Corp., Remote Solution Co. Ltd., Robert Bosch GmbH, SMK Corp., Universal Electronics Inc., VOXX International Corp. are a few of the key vendors in the remotes market.
APAC will register the highest growth rate of 86.37% among the other regions. Therefore, the remotes market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • India
  • Russian Federation
The key factors driving the remotes market growth are:
  • Increase in the sales of smart TVs
The remotes market vendors should focus on grabbing business opportunities from the standard segment as it accounted for the largest market share in the base year.
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