Remote Control Market in Numbers:
- The smart remote control market registered a CAGR of nearly 17% during the period, 2013 to 2017. The smart remote control industry has been influenced by the transformations in application paradigms, from human to machine communications, leading to services such as smart control systems.
- The smart remote control market has been estimated to exceed revenues worth US$ 500 Mn in 2019, and record a Y-o-Y growth at nearly 18% in 2020.
- North America will remain the leading as well as high-growth market for smart remote control, upheld the consolidation of leading players in the region.
- A key trend that will significantly influence demand for smart remote control is the integration of smart home devices abreast fast permeation of home automation systems in developed markets.
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What are the Key Growth Drivers of Smart Remote Control Market?
- Shifting consumer preference for convenience over cost has led to advancements in gadgets that enhance user experience, leveraging the interaction technologies that extend far beyond graphical user interface (GUI). These aspects have indirectly impacted the developments in remote control technology, such as smart remote control.
- Advances in smart remote control have also been influenced by efforts of leading consumer appliance companies on leveraging the context awareness and multi-modal output capabilities of the modern computing devices.
- In a bid to translate profits from offering non-visual interaction experience to consumers, leading players are exploiting modern advances in hardware and software sensing in combination with artificial intelligence (AI), in order to transform the way of interaction with computing devices for consumers.
- Proliferation of IoT-connected devices – key enablers of smarter living, along with fast permeation of compact sensors into existing home systems, has meant that smart home equipment and device manufacturers are continuously vying to remain at the front edge. This will significantly rub off on smart remote control developments in the foreseeable future.
- Growing realization of consumer appliance manufacturers that experience isn’t a buzzword but an imperative, has led to a transition in their focus towards development and investment in innovation-driven solutions. Such innovations in functionalities and designs of home equipment will continue to favor smart remote control developments and sales in the near future.
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Key Challenges Faced by Stakeholders in Smart Remote Control Market
- Design and development related complications have resulted in significant entry barriers to new market entrants. Additionally, as leading brands hold pole position in the market, cost of their products tend to be high, which continues to remain a key impediment to adoption of smart remote control.
- Growing availability of low-cost to the relatively expensive smart remote controls, such as android and iOS applications continues to remain a key growth restraining aspect for the smart remote control market.
Smart Remote Control Market- Competitive Landscape
The smart remote control market remains consolidated, with leading companies, such as Logitech International S.A., Koninklijke Philips N.V., and Universal Electronics, collectively holding nearly 40-50% market share. Developed economies, such as North America, and Europe have witnessed a rapid surge in popularity of home automation technology in recent years, with the introduction of smart technologies that enable an interconnected environment. New and innovative product launch has become the key growth determinant in the smart remote control market. Logitech International S.A, for instance, recently launched an all-new and easy to use universal voice remote - Harmony Express.
Smart remote control devices are also infiltrating the developing regions at a fast pace, with leading players eying East Asia and South Asia to expand their business by making ease accessible to untapped potential users. Furthermore, as technology continues to advance exponentially, blockades to commercialization, entry, and learning are eroding, which is enabling new market entrants to try their luck in the proliferating and innovation-driven consumer appliance industry. Sevenhugs Inc., for instance, marked a strong presence in the smart remote control market recently with the launch of its Sevenhugs Smart Remote that unlike several variants, comes with motion-tracking and indoor position sensors.
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Additional Insights
End-Users Continue to Prefer Wi-Fi based Smart Remote Control
The WIFI based smart remote control technology continues to witness substantial demand, primarily driven by shifting consumer preference for convenience in the use of residential, commercial and industrial electronic devices. However, with consumers curious to leave old and try something new, adoption of more innovative products, such as radio smart-control based variants is likely to grow. Since radio-frequency smart remote control variants don’t require internet, and can transmit signals through thick layers of obstructions from, their demand will continue to grow in the foreseeable future.
Research Scope
Smart Remote Control Market - Research Methodology
A realistic methodology along with holistic approach makes the base of the incisive insights encompassed in the smart remote control market. The Fact.MR report offers comprehensive information on the growth prospects of smart remote control sector in tandem with enthralling insights into the forecast analysis of the market.
Substantial primary and secondary research has been carried out to accumulate valuable insights into the forecast analysis of smart remote control market. The report on smart remote control market has also endured cross-validation to ensure the delivery of accurate information to the market enthusiasts.
Request Research Methodology of this Report.
A recently compiled report of Fact.MR, titled “Smart Remote Control Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” gives an exhaustive analysis on the smart remote control market worldwide. Size of the smart remote control market has been evaluated in detail and is provided in terms of value (US$ Mn). The report also offers a detailed analysis and forecast on the various segments and the competitive landscape of the smart remote control market.
Chapter 1 - Smart Remote Control Market Executive Summary
A succinct summary of the smart remote control market has been given in the first chapter of the report, which offers a synopsis of main findings in the market, along with information on the structure of the industry. Opportunity assessment for a wide range of companies active in the smart remote control market has been provided with the aid of Wheel of Fortune. Main trends that are shaping the growth of the smart remote control market have also been detailed in this chapter.
Chapter 2- Smart Remote Control Market Overview
The report offers a concise overview of the smart remote control market, which covers the introduction and a definition of the target technology – smart remote control. A systematic breakdown of the smart remote control market has been provided in this chapter, which implies the scope of the research involved.
Chapter 3- Smart Remote Control Market Background
The third chapter of the smart remote control market report provided an incisive perspective of the market background, wherein various innovation that have been impacting the product demand are discussed in detail. This chapter also provides information about the use case and the type of technology used to aid the readers in gauging the growth of smart remote control market.
Chapter 4- Smart Remote Control Market Dynamics and Associated Industry Assessment
This section of the report on smart remote control market provides information about the various trends shaping the market progress, along with the ones that are likely to influence the growth of the market during the study period. Several trends related to innovation and mega developments have been given in detail in the report.
Chapter 5- Global Smart Remote Control Market Analysis and Forecast, 2018-2028
The exhaustive analysis and forecast on smart remote control market has been given in the fifth chapter of the report and its sub-sections. Imperative numbers, including historical, current and forecast size of the smart remote control market have been enumerated in the chapter.
Chapter 6- Global Smart Remote Control Market by Technology Type
In the sixth chapter of the report, the volume and revenue comparison, Y-o-Y growth comparison, and the market share comparison of the technology type, and use case segments of the smart remote control market has been done. The smart remote control market has been analyzed and assessed at regional as well as country-level.
Chapter 7- North America Smart Remote Control Market Analysis
This chapter of the report provides incisive insights into the North America smart remote control market in tandem with the regional trends that are influencing the growth of the industry in this region.
Chapter 8- Latin America Smart Remote Control Market Analysis
This part of the smart remote control market report provides key insights into the Latin America smart remote control market along with the regional trends that are favoring growth of the market in this region.
Chapter 9 – Europe Smart Remote Control Market Analysis
This chapter of the report on smart remote control market provides key insights pertaining to Europe smart remote control market, and also details the regional trends that are impacting the market growth in this region.
Chapter 10 – East Asia Smart Remote Control Market Analysis
This chapter sheds light on the performance of different segments of the smart remote control market in various East Asia countries, such as China, Japan, and South Korea. Key trends shaping the growth of the smart remote control market in East Asia has been also provided.
Chapter 11 – South Asia Smart Remote Control Market Analysis
This chapter provides information about the performance of various market segments different parts of South Asia. The performance of the smart remote control market has been assessed in countries, including India, Thailand, Indonesia, Malaysia, and rest of South Asia.
Chapter 12 – Oceania Smart Remote Control Market Analysis
This chapter lays down information about the performance of various segments of the smart remote control market in Australia and New Zealand. Key insights influencing the growth of the market in the Oceania region have been mentioned in this chapter.
Chapter 13 – MEA Smart Remote Control Market Analysis
This part of the report provides key insights related to the smart remote control market for various countries, such as GCC Countries, South Africa, North Africa, Turkey, and rest.
Chapter 14 – Key Countries Smart Remote Control Market Analysis and Forecast
In this chapter of the report, detailed information has been provided about the various trends influencing the growth of the smart remote control market in the China, India, and Mexico. The performance of all the segments of the smart remote control market in these countries has been discussed in the chapter.
Chapter 15 - Competitive Assessment
This weighted chapter of the report provides exhaustive assessment on the smart remote control market’s structure, in tandem with all the leading companies profiled in the report.
Chapter 16 – Company Profiles
Key companies profiled in the smart remote control market report include Logitech International S.A., Ruwido, Seoby Electronics, Innotech Systems, HBC-radiomatic GmbH, Universal Electronics, AMX, Crestron Electronics, Inc., PRO Control, RCS Remote-Control Solutions, Koninklijke Philips N.V, SMK-Link Electronics, Infrared Remote Solutions, Hetronic Group, and Leviton Manufacturing.
1. Executive Summary
1.1. Global Market Outlook
1.2. Opportunity Assessment
1.3. Mega Trends
1.4. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Introduction
3. Smart Remote Control Market Background
3.1. State of the Smart Home Market – Overview
3.1.1. Top Countries Share in Smart Home Market
3.1.2. Top Segments Share in Smart Home Market
3.2. Market Penetration of Smart Remotes
3.3. Improving Living Standards & Technological Advancement
3.4. Smart TV Market Outlook – By region
3.5. E-Commerce Industry Outlook – By Region
3.6. Key Electronic Manufacturing Clusters
4. Market Dynamics & Associated Industry Assessment
4.1. Market Dynamics
4.1.1. Market Driving Factors and Impact Assessment
4.1.2. Prominent Market Challenges and Impact Assessment
4.1.3. Smart Remote Control Market Opportunities
4.1.4. Prominent Trends in the global market & their impact assessment
4.2. Supply Chain Analysis
4.3. Global Smart Remote Control Market Scenario Forecast
4.4. Global Smart Remote Control Market – Forecast Factors
5. Global Smart Remote Control Market Analysis and Forecast
5.1. Global Smart Remote Control Market – In Numbers
5.2. Global Smart Remote Control Market Analysis
5.2.1. Global Smart Remote Control Market Size and Y-o-Y Growth
5.2.2. Market Value Share (2019)
5.2.2.1. By Technology Type
5.2.2.2. By Use Case
6. Global Smart Remote Control Market By Technology Type
6.1. Global Smart Remote Control Market Y-o-Y Growth, By Technology Type
6.2. Global Smart Remote Control Market Attractiveness Analysis, By Technology Type
6.2.1. Infrared Smart Remote-Control
6.2.2. Bluetooth Smart Remote-Control
6.2.3. WIFI Smart Remote-Control
6.2.4. Radio Smart-Remote-Control
6.3. Global Smart Remote Control Market By Use Case
6.3.1. Global Smart Remote Control Market Y-o-Y Growth, By Use Case
6.3.2. Global Smart Remote Control Market Attractiveness Analysis, By Use Case
6.3.2.1. Residential Electronic Devices
6.3.2.2. Commercial and Industrial Electronic Devices
6.4. Global Smart Remote Control Market by Region
6.4.1. Global Smart Remote Control Market Y-o-Y Growth, by Region
6.4.2. Global Smart Remote Control Market Attractiveness Analysis, by Region
6.4.2.1. North America
6.4.2.2. Latin America
6.4.2.3. Europe
6.4.2.4. East Asia
6.4.2.5. South Asia
6.4.2.6. Oceania
6.4.2.7. Middle East & Africa (MEA)
7. North America Smart Remote Control Market Analysis
7.1. North America Smart Remote Control Market Size and Y-o-Y Growth
7.2. Market Value Share (2019)
7.2.1. By Technology Type
7.2.2. By Use Case
7.3. North America Smart Remote Control Market By Technology Type
7.3.1. North America Smart Remote Control Market Y-o-Y Growth, By Technology Type
7.3.2. North America Smart Remote Control Market Attractiveness Analysis, By Technology Type
7.4. North America Smart Remote Control Market By Use Case
7.4.1. North America Smart Remote Control Market Y-o-Y Growth, By Use Case
7.4.2. North America Smart Remote Control Market Attractiveness Analysis, By Use Case
7.5. North America Smart Remote Control Market by Country
7.5.1. North America Smart Remote Control Market Y-o-Y Growth, by Country
7.5.2. North America Smart Remote Control Market Attractiveness Analysis, by Country
7.5.2.1. U.S.
7.5.2.2. Canada
8. Latin America Smart Remote Control Market Analysis
8.1. Latin America Smart Remote Control Market Size and Y-o-Y Growth
8.2. Market Value Share (2019)
8.2.1. By Technology Type
8.2.2. By Use Case
8.3. Latin America Smart Remote Control Market By Technology Type
8.3.1. Latin America Smart Remote Control Market Y-o-Y Growth, By Technology Type
8.3.2. Latin America Smart Remote Control Market Attractiveness Analysis, By Technology Type
8.4. Latin America Smart Remote Control Market By Use Case
8.4.1. Latin America Smart Remote Control Market Y-o-Y Growth, By Use Case
8.4.2. Latin America Smart Remote Control Market Attractiveness Analysis, By Use Case
8.5. Latin America Smart Remote Control Market by Country
8.5.1. Latin America Smart Remote Control Market Y-o-Y Growth, by Country
8.5.2. Latin America Smart Remote Control Market Attractiveness Analysis, by Country
8.5.2.1. Brazil
8.5.2.2. Mexico
8.5.2.3. Rest of Latin America
9. Europe Smart Remote Control Market Analysis
9.1. Europe Smart Remote Control Market Size and Y-o-Y Growth
9.2. Market Value Share (2019)
9.2.1. By Technology Type
9.2.2. By Use Case
9.3. Europe Smart Remote Control Market By Technology Type
9.3.1. Europe Smart Remote Control Market Y-o-Y Growth, By Technology Type
9.3.2. Europe Smart Remote Control Market Attractiveness Analysis, By Technology Type
9.4. Europe Smart Remote Control Market By Use Case
9.4.1. Europe Smart Remote Control Market Y-o-Y Growth, By Use Case
9.4.2. Europe Smart Remote Control Market Attractiveness Analysis, By Use Case
9.5. Europe Smart Remote Control Market by Country
9.5.1. Europe Smart Remote Control Market Y-o-Y Growth, by Country
9.5.2. Europe Smart Remote Control Market Attractiveness Analysis, by Country
9.5.2.1. Germany
9.5.2.2. France
9.5.2.3. Italy
9.5.2.4. Spain
9.5.2.5. U.K.
9.5.2.6. Benelux
9.5.2.7. Russia
9.5.2.8. Rest of Europe
10. East Asia Smart Remote Control Market Analysis
10.1. East Asia Smart Remote Control Market Size and Y-o-Y Growth
10.2. Market Value Share (2019)
10.2.1. By Technology Type
10.2.2. By Use Case
10.3. East Asia Smart Remote Control Market By Technology Type
10.3.1. East Asia Smart Remote Control Market Y-o-Y Growth, By Technology Type
10.3.2. East Asia Smart Remote Control Market Attractiveness Analysis, By Technology Type
10.4. East Asia Smart Remote Control Market By Use Case
10.4.1. East Asia Smart Remote Control Market Y-o-Y Growth, By Use Case
10.4.2. East Asia Smart Remote Control Market Attractiveness Analysis, By Use Case
10.5. East Asia Smart Remote Control Market by Country
10.5.1. East Asia Smart Remote Control Market Y-o-Y Growth, by Country
10.5.2. East Asia Smart Remote Control Market Attractiveness Analysis, by Country
10.5.2.1. China
10.5.2.2. Japan
10.5.2.3. South Korea
11. South Asia Smart Remote Control Market Analysis
11.1. South Asia Smart Remote Control Market Size and Y-o-Y Growth
11.2. Market Value Share (2019)
11.2.1. By Technology Type
11.2.2. By Use Case
11.3. South Asia Smart Remote Control Market By Technology Type
11.3.1. South Asia Smart Remote Control Market Y-o-Y Growth, By Technology Type
11.3.2. South Asia Smart Remote Control Market Attractiveness Analysis, By Technology Type
11.4. South Asia Smart Remote Control Market By Use Case
11.4.1. South Asia Smart Remote Control Market Y-o-Y Growth, By Use Case
11.4.2. South Asia Smart Remote Control Market Attractiveness Analysis, By Use Case
11.5. South Asia Smart Remote Control Market by Country
11.5.1. South Asia Smart Remote Control Market Y-o-Y Growth, by Country
11.5.2. South Asia Smart Remote Control Market Attractiveness Analysis, by Country
11.5.2.1. India
11.5.2.2. Thailand
11.5.2.3. Indonesia
11.5.2.4. Malaysia
11.5.2.5. Rest of South Asia
12. Oceania Smart Remote Control Market Analysis
12.1. Oceania Smart Remote Control Market Size and Y-o-Y Growth
12.2. Market Value Share (2019)
12.2.1. By Technology Type
12.2.2. By Use Case
12.3. Oceania Smart Remote Control Market By Technology Type
12.3.1. Oceania Smart Remote Control Market Y-o-Y Growth, By Technology Type
12.3.2. Oceania Smart Remote Control Market Attractiveness Analysis, By Technology Type
12.4. Oceania Smart Remote Control Market By Use Case
12.4.1. Oceania Smart Remote Control Market Y-o-Y Growth, By Use Case
12.4.2. Oceania Smart Remote Control Market Attractiveness Analysis, By Use Case
12.5. Oceania Smart Remote Control Market by Country
12.5.1. Oceania Smart Remote Control Market Y-o-Y Growth, by Country
12.5.2. Oceania Smart Remote Control Market Attractiveness Analysis, by Country
12.5.2.1. Australia
12.5.2.2. New Zealand
13. MEA Smart Remote Control Market Analysis
13.1. MEA Smart Remote Control Market Size and Y-o-Y Growth
13.2. Market Value Share (2019)
13.2.1. By Technology Type
13.2.2. By Use Case
13.3. MEA Smart Remote Control Market By Technology Type
13.3.1. MEA Smart Remote Control Market Y-o-Y Growth, By Technology Type
13.3.2. MEA Smart Remote Control Market Attractiveness Analysis, By Technology Type
13.4. MEA Smart Remote Control Market By Use Case
13.4.1. MEA Smart Remote Control Market Y-o-Y Growth, By Use Case
13.4.2. MEA Smart Remote Control Market Attractiveness Analysis, By Use Case
13.5. MEA Smart Remote Control Market by Country
13.5.1. MEA Smart Remote Control Market Y-o-Y Growth, by Country
13.5.2. MEA Smart Remote Control Market Attractiveness Analysis, by Country
13.5.2.1. GCC Countries
13.5.2.2. South Africa
13.5.2.3. North Africa
13.5.2.4. Turkey
13.5.2.5. Rest
14. Key Countries Smart Remote Control Market Analysis and Forecast
14.1. China
14.1.1. China Smart Remote Control Market Analysis
14.1.2. China Smart Remote Control Market Size and Y-o-Y Growth
14.1.3. Market Value Share (2019)
14.1.3.1. By Technology Type
14.1.3.2. By Use Case
14.1.4. China Smart Remote Control Market By Technology Type
14.1.4.1. China Smart Remote Control Market Y-o-Y Growth, By Technology Type
14.1.4.2. China Smart Remote Control Market Attractiveness Analysis, By Technology Type
14.1.5. China Smart Remote Control Market By Use Case
14.1.5.1. China Smart Remote Control Market Y-o-Y Growth, By Use Case
14.1.5.2. China Smart Remote Control Market Attractiveness Analysis, By Use Case
14.2. India
14.2.1. India Smart Remote Control Market Analysis
14.2.2. India Smart Remote Control Market Size and Y-o-Y Growth
14.2.3. Market Value Share (2019)
14.2.3.1. By Technology Type
14.2.3.2. By Use Case
14.2.4. India Smart Remote Control Market By Technology Type
14.2.4.1. India Smart Remote Control Market Y-o-Y Growth, By Technology Type
14.2.4.2. India Smart Remote Control Market Attractiveness Analysis, By Technology Type
14.2.5. India Smart Remote Control Market By Use Case
14.2.5.1. India Smart Remote Control Market Y-o-Y Growth, By Use Case
14.2.5.2. India Smart Remote Control Market Attractiveness Analysis, By Use Case
14.3. Mexico
14.3.1. Mexico Smart Remote Control Market Analysis
14.3.2. Mexico Smart Remote Control Market Size and Y-o-Y Growth
14.3.3. Market Value Share (2019)
14.3.3.1. By Technology Type
14.3.3.2. By Use Case
14.3.4. Mexico Smart Remote Control Market By Technology Type
14.3.4.1. Mexico Smart Remote Control Market Y-o-Y Growth, By Technology Type
14.3.4.2. Mexico Smart Remote Control Market Attractiveness Analysis, By Technology Type
14.3.5. Mexico Smart Remote Control Market By Use Case
14.3.5.1. Mexico Smart Remote Control Market Y-o-Y Growth, By Use Case
14.3.5.2. Mexico Smart Remote Control Market Attractiveness Analysis, By Use Case
15. Competitive Assessment
15.1. Market Structure
15.2. Company Dashboard Analysis
16. Company Profiles
16.1. Logitech International S.A.
16.1.1. Company Overview
16.1.2. Key Strategies
16.1.3. SWOT Analysis
16.1.4. Key Financials
16.2. AMX
16.2.1. Company Overview
16.2.2. Key Strategies
16.2.3. SWOT Analysis
16.2.4. Key Financials
16.3. Crestron Electronics, Inc.
16.3.1. Company Overview
16.3.2. Key Strategies
16.3.3. SWOT Analysis
16.3.4. Key Financials
16.4. HBC-radiomatic GmbH
16.4.1. Company Overview
16.4.2. Key Strategies
16.4.3. SWOT Analysis
16.4.4. Key Financials
16.5. Hetronic Group
16.5.1. Company Overview
16.5.2. Key Strategies
16.5.3. SWOT Analysis
16.5.4. Key Financials
16.6. Infrared Remote Solutions
16.6.1. Company Overview
16.6.2. Key Strategies
16.6.3. SWOT Analysis
16.6.4. Key Financials
16.7. Innotech Systems
16.7.1. Company Overview
16.7.2. Key Strategies
16.7.3. SWOT Analysis
16.7.4. Key Financials
16.8. Koninklijke Philips N.V.
16.8.1. Company Overview
16.8.2. Key Strategies
16.8.3. SWOT Analysis
16.8.4. Key Financials
16.9. Leviton Manufacturing
16.9.1. Company Overview
16.9.2. Key Strategies
16.9.3. SWOT Analysis
16.9.4. Key Financials
16.10. PRO Control
16.10.1. Company Overview
16.10.2. Key Strategies
16.10.3. SWOT Analysis
16.10.4. Key Financials
16.11. RCS Remote-Control Solutions
16.11.1. Company Overview
16.11.2. Key Strategies
16.11.3. SWOT Analysis
16.11.4. Key Financials
16.12. Ruwido, Seoby Electronics
16.12.1. Company Overview
16.12.2. Key Strategies
16.12.3. SWOT Analysis
16.12.4. Key Financials
16.13. SMK-Link Electronics
16.13.1. Company Overview
16.13.2. Key Strategies
16.13.3. SWOT Analysis
16.13.4. Key Financials
16.14. Universal Electronics
16.14.1. Company Overview
16.14.2. Key Strategies
16.14.3. SWOT Analysis
16.14.4. Key Financials
16.15. Other Prominent Players
16.15.1. Company Overview
16.15.2. Key Strategies
16.15.3. SWOT Analysis
16.15.4. Key Financials
17. Assumptions and Acronyms Used
18. Research Methodology
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Smart Remote Control Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 - 2029