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Global Smart Remote Market Size, Share & Industry Trends Analysis Report By Application, By Distribution Channel, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 139 Pages
  • May 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615408

FEATURED COMPANIES

  • Bose Corporation
  • Koninklijke Philips N.V.
  • LG Electronics, Inc.
  • Sony Corporation
  • Toshiba Corporation
The Global Smart Remote Market size is expected to reach $3.9 billion by 2028, rising at a market growth of 8.6% CAGR during the forecast period.



A smart remote is a wireless remote control that consumer devices can operate. It can connect to the home's Wi-Fi network and operate the devices. A smart remote can usually handle five or more gadgets in the house, ranging from TVs and speakers to linked devices like smart lighting and thermostats. It accomplishes the process by including a variety of infrared (IR) sensors and radios for controlling the television, as well as Wi-Fi and Bluetooth for controlling connected home devices. A smart remote may also feature an inbuilt screen that adjusts to the device consumer managing. Some smart remotes are physical devices that take up a dedicated position on the coffee table, while others are apps that take advantage of the phone's built-in features.

When consumers take the first step toward simplifying control over the smart home by reducing the remote collection from several to one, they have already taken significant steps toward a more liberated future, but it is only the start. Home automation systems have the advantage of being flexible and unique to each consumer. Every home has distinct needs and wishes for the system, and it is the responsibility to make sure consumers receive a system that operates the way consumers want it to and can adjust to all of the home's and family's control demands.

The radio remote control (RF remote control) gadget transmits a range of radio signals that are used to operate distant objects. The radio remote control is utilized with electric gate openers or garage doors, automatic barrier systems, burglar alarms, and industrial automation systems as a supplement to infrared remote controllers. Bluetooth AVRCP, ZigBee (RF4CE), and Z-Wave are the standards used for RF remotes. Most remote controls utilize its own coding, sending anything from 8 to 100 pulses in fixed or rolling code, utilizing OOK or FSK modulation. Transmitters and receivers can also be universal, which means that it can work with a variety of coding. As an example, the transmitter is referred to as a universal remote control duplicator because it can duplicate current remote controls, while the receiver is referred to as a universal receiver since it can function with virtually any remote control on the market.

COVID-19 Impact Analysis


With high transmission rates, the COVID-19 pandemic has caused massive losses around the world. It has brought the entire world to a halt and disrupted numerous enterprises all over the planet. The smart remote control market has not been spared from the overall impact of the COVID-19 outbreak. Lockdowns have resulted in the closure of manufacturing facilities all around the world. However, the lockdown limitations are being eased to some level in order to boost the economy. Several manufacturing units and production facilities have been given permission to operate at reduced capacity. Such a feature provides a ray of optimism for the smart remote control market's expansion.

Market Growth Factors:


Growing acceptance of the Internet of Things (IoT)


One of the most important comprehensive economic drivers for smart home market growth is the Internet of Things platform. IoT-based technology offers energy-saving features at home. For instance, as per GSMA Intelligence, overall IoT connections will reach over multiple billion. Such a factor indicates that enormous clusters of sensors, devices, and objects will interact via high-speed technologies such as 5G within a few years. The prevalence of internet of things devices is probably going to enhance the functionality of smart remote gadgets.

Rise in smart city initiatives


The rapid growth of technology and smart city initiatives is increasing the demand for smart security systems, such as PIDS (Perimeter Intrusion Detection System). Additionally, there is a strong emphasis on effective energy management technologies to ensure accurate metering and reduce waste. The technology suppliers are being invited to contribute to smart city transportation infrastructure to enable adequate monitoring and management, reduce carbon emissions, and deliver improved route planning and optimization. Many countries are currently heavily investing in technology in order to modernize the ageing infrastructure.

Marketing Restraining Factor:


High-security risks are impeding market expansion


The growing cyber-attack on high-end connected technology is a big barrier to smart remotes. All of the linked endpoints pose a security risk to smart home technology. As intelligent technology is linked to every system and equipment in the home, hackers can acquire access to sensitive and personal data if it is not adequately secured. For instance, as per Rambus Incorporated, a chip interface technology designer, developer, and licenser, a significant amount of IoT devices are susceptible to a variety of attacks. Any smart gadgets that is operated with internet technology is always prone to external intrusion and cyber-attacks.

Application Outlook


Based on Application, the market is segmented into Smart TV and Others. The Smart TV segment acquired the highest revenue share in the smart remote market in 2021. Smart TVs are also equipped with a smart remote that comes with sophisticated functions. Voice-controlled functions, as well as a slew of other useful features, make smart remotes indispensable. There has been increase in demand for smart TVs in developing regions, due to the enhanced picture quality of the screen.

Distribution Channel Outlook


Based on Distribution Channel, the market is segmented into Offline and Online. The Online segment garnered a significant revenue share in the smart remote market in 2021. This is due to its increasing popularity of online platforms. To achieve a new buyer base, leading smart home appliance manufacturers are partnering with online retailers. Moreover, the increase in sales of smart home appliances, primarily through company websites and other e-commerce platforms, is expected to fuel the demand for the online distribution channel.

Regional Outlook


Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. LAMEA region garnered a significant revenue share in the smart remote market in 2021. It can be attributed to the region's rapid adoption of smart home appliances. The region is experiencing a drastic rising demand for smart appliances as a result of rising consumer interest in Internet of Things (IoT) technologies, as well as rising expenditure on smart home appliances and other technologies that assist to manufacture a smart remote gadget.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crestron Electronics, Inc., Universal Electronics Inc., LG Electronics, Inc., Toshiba Corporation, Samsung Electronics Co., Ltd., Koninklijke Philips N.V., Sony Corporation, Haier Smart Home Co., Ltd., Logitech International S.A., and Bose Corporation.

Scope of the Study


Market Segments Covered in the Report:


By Application

  • Smart TV
  • Others

By Distribution Channel

  • Offline
  • Online

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Crestron Electronics, Inc.
  • Universal Electronics Inc.
  • LG Electronics, Inc.
  • Toshiba Corporation
  • Samsung Electronics Co., Ltd.
  • Koninklijke Philips N.V.
  • Sony Corporation
  • Haier Smart Home Co., Ltd.
  • Logitech International S.A.
  • Bose Corporation

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

FEATURED COMPANIES

  • Bose Corporation
  • Koninklijke Philips N.V.
  • LG Electronics, Inc.
  • Sony Corporation
  • Toshiba Corporation

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smart Remote Market, by Application
1.4.2 Global Smart Remote Market, by Distribution Channel
1.4.3 Global Smart Remote Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Smart Remote Market by Application
3.1 Global Smart TV Market by Region
3.2 Global Others Market by Region
Chapter 4. Global Smart Remote Market by Distribution Channel
4.1 Global Offline Market by Region
4.2 Global Online Market by Region
Chapter 5. Global Smart Remote Market by Region
5.1 North America Smart Remote Market
5.1.1 North America Smart Remote Market by Application
5.1.1.1 North America Smart TV Market by Country
5.1.1.2 North America Others Market by Country
5.1.2 North America Smart Remote Market by Distribution Channel
5.1.2.1 North America Offline Market by Country
5.1.2.2 North America Online Market by Country
5.1.3 North America Smart Remote Market by Country
5.1.3.1 US Smart Remote Market
5.1.3.1.1 US Smart Remote Market by Application
5.1.3.1.2 US Smart Remote Market by Distribution Channel
5.1.3.2 Canada Smart Remote Market
5.1.3.2.1 Canada Smart Remote Market by Application
5.1.3.2.2 Canada Smart Remote Market by Distribution Channel
5.1.3.3 Mexico Smart Remote Market
5.1.3.3.1 Mexico Smart Remote Market by Application
5.1.3.3.2 Mexico Smart Remote Market by Distribution Channel
5.1.3.4 Rest of North America Smart Remote Market
5.1.3.4.1 Rest of North America Smart Remote Market by Application
5.1.3.4.2 Rest of North America Smart Remote Market by Distribution Channel
5.2 Europe Smart Remote Market
5.2.1 Europe Smart Remote Market by Application
5.2.1.1 Europe Smart TV Market by Country
5.2.1.2 Europe Others Market by Country
5.2.2 Europe Smart Remote Market by Distribution Channel
5.2.2.1 Europe Offline Market by Country
5.2.2.2 Europe Online Market by Country
5.2.3 Europe Smart Remote Market by Country
5.2.3.1 Germany Smart Remote Market
5.2.3.1.1 Germany Smart Remote Market by Application
5.2.3.1.2 Germany Smart Remote Market by Distribution Channel
5.2.3.2 UK Smart Remote Market
5.2.3.2.1 UK Smart Remote Market by Application
5.2.3.2.2 UK Smart Remote Market by Distribution Channel
5.2.3.3 France Smart Remote Market
5.2.3.3.1 France Smart Remote Market by Application
5.2.3.3.2 France Smart Remote Market by Distribution Channel
5.2.3.4 Russia Smart Remote Market
5.2.3.4.1 Russia Smart Remote Market by Application
5.2.3.4.2 Russia Smart Remote Market by Distribution Channel
5.2.3.5 Spain Smart Remote Market
5.2.3.5.1 Spain Smart Remote Market by Application
5.2.3.5.2 Spain Smart Remote Market by Distribution Channel
5.2.3.6 Italy Smart Remote Market
5.2.3.6.1 Italy Smart Remote Market by Application
5.2.3.6.2 Italy Smart Remote Market by Distribution Channel
5.2.3.7 Rest of Europe Smart Remote Market
5.2.3.7.1 Rest of Europe Smart Remote Market by Application
5.2.3.7.2 Rest of Europe Smart Remote Market by Distribution Channel
5.3 Asia Pacific Smart Remote Market
5.3.1 Asia Pacific Smart Remote Market by Application
5.3.1.1 Asia Pacific Smart TV Market by Country
5.3.1.2 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Smart Remote Market by Distribution Channel
5.3.2.1 Asia Pacific Offline Market by Country
5.3.2.2 Asia Pacific Online Market by Country
5.3.3 Asia Pacific Smart Remote Market by Country
5.3.3.1 China Smart Remote Market
5.3.3.1.1 China Smart Remote Market by Application
5.3.3.1.2 China Smart Remote Market by Distribution Channel
5.3.3.2 Japan Smart Remote Market
5.3.3.2.1 Japan Smart Remote Market by Application
5.3.3.2.2 Japan Smart Remote Market by Distribution Channel
5.3.3.3 India Smart Remote Market
5.3.3.3.1 India Smart Remote Market by Application
5.3.3.3.2 India Smart Remote Market by Distribution Channel
5.3.3.4 South Korea Smart Remote Market
5.3.3.4.1 South Korea Smart Remote Market by Application
5.3.3.4.2 South Korea Smart Remote Market by Distribution Channel
5.3.3.5 Singapore Smart Remote Market
5.3.3.5.1 Singapore Smart Remote Market by Application
5.3.3.5.2 Singapore Smart Remote Market by Distribution Channel
5.3.3.6 Malaysia Smart Remote Market
5.3.3.6.1 Malaysia Smart Remote Market by Application
5.3.3.6.2 Malaysia Smart Remote Market by Distribution Channel
5.3.3.7 Rest of Asia Pacific Smart Remote Market
5.3.3.7.1 Rest of Asia Pacific Smart Remote Market by Application
5.3.3.7.2 Rest of Asia Pacific Smart Remote Market by Distribution Channel
5.4 LAMEA Smart Remote Market
5.4.1 LAMEA Smart Remote Market by Application
5.4.1.1 LAMEA Smart TV Market by Country
5.4.1.2 LAMEA Others Market by Country
5.4.2 LAMEA Smart Remote Market by Distribution Channel
5.4.2.1 LAMEA Offline Market by Country
5.4.2.2 LAMEA Online Market by Country
5.4.3 LAMEA Smart Remote Market by Country
5.4.3.1 Brazil Smart Remote Market
5.4.3.1.1 Brazil Smart Remote Market by Application
5.4.3.1.2 Brazil Smart Remote Market by Distribution Channel
5.4.3.2 Argentina Smart Remote Market
5.4.3.2.1 Argentina Smart Remote Market by Application
5.4.3.2.2 Argentina Smart Remote Market by Distribution Channel
5.4.3.3 UAE Smart Remote Market
5.4.3.3.1 UAE Smart Remote Market by Application
5.4.3.3.2 UAE Smart Remote Market by Distribution Channel
5.4.3.4 Saudi Arabia Smart Remote Market
5.4.3.4.1 Saudi Arabia Smart Remote Market by Application
5.4.3.4.2 Saudi Arabia Smart Remote Market by Distribution Channel
5.4.3.5 South Africa Smart Remote Market
5.4.3.5.1 South Africa Smart Remote Market by Application
5.4.3.5.2 South Africa Smart Remote Market by Distribution Channel
5.4.3.6 Nigeria Smart Remote Market
5.4.3.6.1 Nigeria Smart Remote Market by Application
5.4.3.6.2 Nigeria Smart Remote Market by Distribution Channel
5.4.3.7 Rest of LAMEA Smart Remote Market
5.4.3.7.1 Rest of LAMEA Smart Remote Market by Application
5.4.3.7.2 Rest of LAMEA Smart Remote Market by Distribution Channel
Chapter 6. Company Profiles
6.1 Crestron Electronics, Inc.
6.1.1 Company Overview
6.2 Universal Electronics, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.3 LG Electronics, Inc. (LG Corporation)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional & Segmental Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent Strategies and Developments
6.3.5.1 Product Launches and Product Expansions:
6.4 Toshiba Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research and Development Expense
6.4.5 Recent Strategies and Developments
6.4.5.1 Product Launches and Product Expansions:
6.5 Samsung Electronics Co., Ltd. (Samsung Group)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent Strategies and Developments
6.5.5.1 Partnerships, Collaborations and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.5.6 SWOT Analysis
6.6 Koninklijke Philips N.V.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Sony Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Source: Company Publication & Secondary Research
6.7.4 Segmental and Regional Analysis
6.7.5 Research & Development Expenses
6.8 Haier Smart Home Co., Ltd. (Haier Group Corporation)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.9 Logitech International S.A.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent Strategies and Developments
6.9.5.1 Product Launches and Product Expansions:
6.10. Bose Corporation
6.10.1 Company Overview
  • Crestron Electronics, Inc.
  • Universal Electronics Inc.
  • LG Electronics, Inc.
  • Toshiba Corporation
  • Samsung Electronics Co., Ltd.
  • Koninklijke Philips N.V.
  • Sony Corporation
  • Haier Smart Home Co., Ltd.
  • Logitech International S.A.
  • Bose Corporation

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