TV Remote Controller Market Scope
TV Remote Controller is a consumer electronics devices which are used to control all the function of television from a distant. It ensures that the television is operated from a certain distance via infrared radiations. The remote control is a convenience feature for the consumer, which allow operation of devices that are out of convenient reach for direct operation of controls. Increase in the productivity of television coupled with the number of people watching television is driving the demand for a television remote controller.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsung (South Korea), LG (South Korea), Logitech (Switzerland), TCL (China), Sony (Japan), Philips (The Netherlands), AMX (Harman) (United States), Crestron (United States), Hisense (China) and Skyworth (China) |
CAGR | % |
TV Remote Controller is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global TV Remote Controller market throughout the predicted period.
Samsung (South Korea), LG (South Korea), Logitech (Switzerland), TCL (China), Sony (Japan), Philips (The Netherlands), AMX (Harman) (United States), Crestron (United States), Hisense (China) and Skyworth (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Panasonic (Japan), Leviton (United States) and Doro (Europe).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global TV Remote Controller market by Type , by Application (Home and Commercial) and Region with country level break-up.
On the basis of geography, the market of TV Remote Controller 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2023, Logitech acquired Loupedeck, Logitech International announced that it has acquired Loupedeck, a Helsinki-based creator of custom consoles and software designed to make the creative process faster and more intuitive for streamers, creators and gamers.
On 12th July 2019, One plus TV Remote control certified by Bluetooth SIG, launch imminent. It is seen that OnePlus TV's remote control just received a Bluetooth SIG certification with model number RC-001A which is expected to launch in the next few months and will also receive a Bluetooth certification
Influencing Trend:
Adoption and Launch of New TV Remote Products Which Do Not Require To Face Set of Box to Change the Channels and Acceptance of Universal Remote on a Large Scale
Market Growth Drivers:
Increasing Number of Television Globally and Rising Ageing Population and Disable People Which Needs To Operate Devices from a Distance
Challenges:
Issues Related to the Small Life Span of Batteries Coupled With Small Button
Restraints:
Issue Related To the Complexity of the Remote Functions
Opportunities:
Growing Consumer Electronics World Widely and Increasing Immense Growth of Televisions in Rural Areas
Key Target Audience
TV Remote Manufacture, Potential Investors, Up and Down Stream Vendors of televisions, Suppliers and Distributors and Others