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The remotes market size is valued to increase by USD 1.65 billion, at a CAGR of 3.3% from 2023 to 2028. Increasing sales of smart TVs will drive the remotes market.
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The remotes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The tvs segment is estimated to witness significant growth during the forecast period.
In the ever-evolving the market, TV remotes continue to dominate, with TV OEMs being the primary buyers in 2023 due to the high demand for TVs. However, the trend is expected to shift as smart TVs gain popularity, leading to a decrease in demand for standard remote control protocols. Consequently, companies focus on OEM sales, while after-market sales of TV remotes are projected to rise due to their short lifecycles. The TV industry's shift towards 8K Ultra-high-definition (UHD) TVs, which offer superior performance compared to standard and high-definition TVs, is a significant market development. For instance, UHD TVs accounted for 25% of all TV sales in 2022.
In this context, remote control systems are undergoing advancements, with improvements in embedded systems programming, signal attenuation factors, power consumption metrics, and remote control encoders. Additionally, companies are focusing on device compatibility matrices, noise reduction filters, remote signal processing, and modulation techniques for enhanced user experience. Bluetooth remote pairing, remote control protocols, hardware acceleration techniques, signal range optimization, and data transmission rates are other critical areas of innovation. Power management techniques, power amplifier design, error correction codes, remote control firmware, integrated circuit design, RF remote technology, wireless remote systems, real-time operating systems, antenna design principles, demodulation circuits, signal integrity testing, universal remote codes, wireless communication standards, infrared sensor arrays, software-defined radio, Zigbee remote modules, remote control repeaters, remote control security, infrared remote control, and remote control circuits are all integral to the evolving remote control landscape.
The TVs segment was valued at USD 4.35 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In the dynamic APAC market, the remotes sector experienced moderate growth in 2023, fueled by a significant presence of consumer electronics manufacturers. Major players like LG Corp., Samsung Electronics, Panasonic Holdings Corp., and Sony Group Corp. Are among the key contributors, shipping their TVs and gaming consoles with accompanying remotes to end-consumers. The APAC region's demand for remotes is robust, driven primarily by the consumer electronics industry. With APAC being a manufacturing hub for Ultra High Definition (UHD) TVs, the market is poised for growth.
According to industry reports, the demand for UHD TVs in China is on the rise, leading to an increased need for compatible remotes. This trend underscores the operational efficiency gains for manufacturers in offering remotes with their products, ensuring customer satisfaction and seamless integration.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a wide range of wireless control systems used in various industries, from consumer electronics to industrial automation. One of the key challenges in remote control technology is ensuring optimal antenna placement for unobstructed signals and reducing interference to improve range and reliability. Designing low power consumption remote control circuits is another critical consideration, as is implementing error correction in remote control protocols to minimize communication errors. Effective techniques for remote control signal processing, such as filtering and amplification, are essential for enhancing signal integrity and minimizing latency. Security is a significant concern in wireless remote control systems, with encryption and authentication techniques necessary to prevent unauthorized access. Choosing the right microcontroller for remote control applications is crucial, with considerations including processing power, power consumption, and wireless communication capabilities. Comparing different RF modulation schemes for remotes, such as FSK, PSK, and OFDM, is essential for optimizing performance and achieving the desired range and data rate. Measuring the performance of remote control systems is essential for ensuring reliability and accuracy. Testing for electromagnetic compatibility is necessary to prevent interference from external sources, while best practices for firmware development, such as modular design and unit testing, can help minimize errors and improve overall system performance. Integrating sensors with remote control systems can enhance functionality, while power management strategies, such as sleep modes and energy harvesting, can extend battery life. Developing a robust communication protocol for remotes, such as Bluetooth or Zigbee, is essential for ensuring reliable and accurate control. Techniques for improving the accuracy of remote controls, such as dead reckoning and sensor fusion, can help mitigate noise and improve overall system performance. Strategies for minimizing latency, such as packet prioritization and buffering, can help ensure real-time control in critical applications.
The remotes market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the remotes market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Remotes Industry
Companies are implementing various strategies, such as strategic alliances, remotes market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alphabet Inc. - The Bose Soundbar 500 and 700 universal remotes enable seamless control over various home entertainment systems, offering users a convenient and intuitive solution for managing their audio equipment. These advanced universal remotes cater to a wide range of devices, enhancing the overall user experience.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Remotes Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
Market growth 2024-2028 |
USD 1.65 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.56 |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Remotes Market between 2024 and 2028?
USD 1.65 billion, at a CAGR of 3.3%
What segmentation does the market report cover?
The report is segmented by Application (TVs, Set-top boxes, and Gaming consoles), Type (Standard, Voice controlled, and Motion controlled), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing sales of smart TVs, Availability of counterfeit remotes
Who are the major players in the Remotes Market?
Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Crestron Electronics Inc., dreamGEAR LLC, Dusun Electron Ltd., Infrared Remote Solutions Inc., Koninklijke Philips N.V., LG Electronics Inc., Logitech International SA, Microsoft Corp., Razer Inc., ruwido austria GmbH, Samsung Electronics Co. Ltd., SMK Corp., Sony Group Corp., Universal Electronics Inc., Laxmi Remote India Pvt Ltd., Reliable Technologies, Remote Source, Wybor, and Riot Labz Pvt. Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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