This market research report covers the growth prospects of the global remote market with segmentation by application (TVs, STBs, and gaming consoles), by technology (IR and RF), and by type of sales (OEM and aftermarket). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Logitech, Philips, Remote Solutions, and Universal Electronics.
Technavio’s market research analysts estimate the global remote market to grow at a CAGR of around 3% between 2016 and 2020. The increase in sales of smart TVs is the primary growth driver for this market. Several vendors are providing touch screen and motion control remotes in their smart TV package. APAC occupies 67% of the global remote market, owing to the concentration of consumer electronics manufacturers such as Samsung, Sharp, and LG in the region.
The new market research report from Technavio provides a breakdown and analysis of the remote segments by technology.
“One of the interesting trends that this market is witnessing is the emergence of RF remotes. With the reducing development cost of RF-based products and the need for advanced remotes for sophisticated electronic devices such as UHD smart TVs, the demand for RF remotes is anticipated to rise during the forecast period. RF remotes have a longer range, lower power consumption, and do not need a line-of-sight to control the device,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The set-top box (STB) segment dominates the remote market, accounting for 50% of the overall market share. The high penetration of set-top boxes globally due to the DTH mandate in numerous countries has been the primary growth driver for this segment. The STB remotes market generates a majority of its sales from the OEM segment as the STB vendors and service providers sell the remotes as a part of the packaged offer along with the set top boxes.
The key vendors in the global remote market include Logitech, Philips, Remote Solutions, and Universal Electronics. This market is highly competitive with the vendors competing on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The vendor competition in this market is expected to intensify further due to the increasing advancements in the end-user markets.
A more detailed analysis is available in the Technavio report, Global Remote Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
Further reading:
