About Smart Remote Controls
The intelligent remote control allows instant access to the control interface of any device without manually navigating through the options or having to take multiple steps for a unique user experience. This type of remote control is mainly designed for smart homeowners who want to offer the best user experience. The novel coronavirus pandemic has led to enormous losses with high transmission rates worldwide. It has brought the world to a standstill and disrupted various companies around the world. The overall effect of the COVID-19 outbreak has hereby not spared the smart remote control market. The manufacturing facilities have been closed due to lockdown implementations around the world. However, lockdown restrictions will be relaxed to some extent to revitalize the economy. Numerous production units and production plants may be operated with limited strength. This aspect thereby offers a glimmer of hope towards the growth of the smart remote control market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Remote Controls market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SMK-Link Electronics (United States), Control4 (United States), Philips (Netherlands), Universal Electronics (United States), Innotech Systems (India), RCS Remote Control Solutions (United States), Crestron Electronics (United States), Logitech (Switzerland), Hetronic Group (United States), HBC-radiomatic GmbH (Germany), Ruwido (Austria), Remotes4u (United Kingdom), AMX LLC (United States), Leviton Manufacturing (United States), PRO Control (United States) and Infrared Remote Solutions (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Seoby Electronics (South Korea), Remote Technologies Inc. (United States) and Universal Remote Control (United States).
Segmentation Overview
AMA Research has segmented the market of Global Smart Remote Controls market by Type (Infrared Smart Remote-Control, Bluetooth Smart Remote-Control, WIFI Smart Remote-Control and Radio Smart-Remote-Control), Application (Residential Electronic Devices and Commercial and Industrial Electronic Devices) and Region.
On the basis of geography, the market of Smart Remote Controls has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Smart Remote Controls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Smart Remote Controls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Type, the sub-segment i.e. Smart TV will boost the Smart Remote Controls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Trend of Using Wi-Fi-Based Smart Remote Control Technology, The Integration of Smart Home Devices Abreast Fast Permeation of Home Automation Systems and An Upsurge in Smart Technologies That Enable an Interconnected Environment
Market Growth Drivers:
Shifting Consumer Preference from Cost-Effectiveness to Convenience, The Proliferation of IoT-Connected Devices, A Rapid Surge in Popularity of Home Automation Technology and The Inculcation of Technologies like The Internet of Things (IoT)
Challenges:
Growing Availability of Low-Cost Applications
Restraints:
Design and Development Related Complications and High Costs Associated With the Smart Remote Controls
Opportunities:
Advancement Technology in Smart Remote Control and The Rise in Awareness of Smart Remote Controls in Developed and Developing Regions
Market Leaders and their expansionary development strategies
In July 2022, Universal Electronics to launch new voice remote for RDK Platform at RDK tech summit. Universal Electronics Inc. (UEI) the world leader in universal control technology for entertainment and smart home, at the 2022 RDK Tech Summit has announced the release of two new voice remotes for RDK. RDK is one of the leading broadband and pay-tv platforms for the cable industry, with the support of hundreds of partner companies and deployed by more than 30 operators.
In January 2023, SMK Electronics Corporation, USA to showcase innovative new technology solutions and advanced component level products at CES 2023. Designed to add new capabilities and enhanced functionalities to consumer electronics products, these innovations are designed to be seamlessly integrated into new Smart Home, Automotive, Healthcare, Mobile Communications and Personal Entertainment product offerings.
Key Target Audience
Manufacturers of Smart Remote Controls, Suppliers and Distributors of Smart Remote Controls, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.