Product Code: GVR-4-68039-933-3
Smart Remote Market Growth & Trends:
The global smart remote market size is expected to reach USD 4.07 billion by 2030, growing at a CAGR of 7.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. A smart remote is a wireless electronic device that can remotely control another device. It usually operates five or more home appliances, ranging from interconnected devices like a thermostat or smart lighting system to traditional home media components like a TV and speakers. For controlling the TV, Wi-Fi, and Bluetooth for interconnected home devices, it has a range of infrared (IR) sensors and radios. The screen inside a smart remote control could also change depending on the device being operated. While some smart remotes are apps that leverage your phone's built-in features, others are actual devices that can occupy a single space on your desk.
The smart remote industry is significantly benefitted from the developments of technologies such as the Internet of Things (IoT). The upgraded usage of sensors is furthermore expected to augment the demand for smart remotes. Moreover, the smart remote-control technology based on Wi-Fi is also expected to gather considerable attention from a huge consumer base owing to its convenience and ease of use. The chief factors impacting the growth are that the smart remotes are equipped with cutting-edge features compared to conventional remote controls.
To improve the end-user experience, TV providers have started experimenting with more advanced capabilities on remotes, such as Bluetooth connectivity, Wi-Fi, keyboard interfaces, voice recognition, and even touchscreen functionality. For instance, in April 2022, Samsung, a provider of home electronics and other technology, partnered with ABB, a Swedish Swiss multinational company, to expand Samsung's IoT integration into more buildings and homes. The collaboration of both companies would establish a one-stop shop for IoT solutions, enabling building technology monitoring and control to be simple to access. Together, the two businesses will create a cloud-to-cloud integration that will give users enhanced access and control.
Smart Remote Market Report Highlights:
- The smart TV application segment led the market in 2022. Smart TVs provide a wide range of computing capabilities and connections with unified internet capabilities. Consumers may search, talk, explore, share, update, and download material on smart TVs
- The offline distribution channel segment led the market in 2022. Increasing organized retail sectors in developing economies such as China, India, and Japan are expected to boost the segment's growth
- The infrared smart remote-control segment led the market in 2022. Infrared technology is used to control electronic devices with remote controllers. The technology is prevalent for TVs, cable boxes, satellite receivers, DVRs, and other home automation devices. Further, mechanical devices such as motors and lifts can also be controlled using infrared technology
- Asia Pacific dominated the market in 2022 owing to the rising adoption of smart home appliances in developing economies such as China, Japan, and India
Table of Contents
Chapter 1. Methodology & Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumptions
- 1.3. List of Data Sources
- 1.4. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Ingredients Outlook
- 2.3. Application Outlook
- 2.4. Distribution Channel Outlook
- 2.5. Competitive Insights
Chapter 3. Smart Remote Market Variables, Trends & Scope
- 3.1. Market Segmentation
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market restraint Analysis
- 3.4.3. Market Opportunities Analysis
- 3.5. Business Environment Analysis
- 3.5.1. Porter's Analysis
- 3.5.1.1. Threat of New Entrants
- 3.5.1.2. Bargaining Power of Suppliers
- 3.5.1.3. Bargaining Power of Buyers
- 3.5.1.4. Threat of Substitutes
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Environmental Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Economic Landscape
- 3.5.2.6. Legal Landscape
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends & Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Application Adoption
- 4.4. Observations & Recommendations
Chapter 5. Smart Remote Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2022 & 2030
- 5.2. Smart TV
- 5.2.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 5.3. Other
- 5.3.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
Chapter 6. Smart Remote Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 6.2. Offline
- 6.2.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 6.3. Online
- 6.3.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
Chapter 7. Smart Remote Market: Type Estimates & Trend Analysis
- 7.1. Type Movement Analysis & Market Share, 2022 & 2030
- 7.2. Infrared Smart Remote Control
- 7.2.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 7.3. Bluetooth Smart Remote Control
- 7.3.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 7.4. Wi-Fi Smart Remote Control
- 7.4.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 7.5. Radio Smart Remote Control
- 7.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
Chapter 8. Smart Remote Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 8.2. North America
- 8.2.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.2.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.2.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.2.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.2.5. U.S.
- 8.2.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.2.5.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.2.5.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.2.5.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.2.6. Canada
- 8.2.6.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.2.6.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.2.6.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.2.6.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.2.7. Mexico
- 8.2.7.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.2.7.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.2.7.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.2.7.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.3.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.3.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.3.5. Germany
- 8.3.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.3.5.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.3.5.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.5.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.3.6. U.K.
- 8.3.6.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.3.6.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.3.6.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.6.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.3.7. France
- 8.3.7.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.3.7.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.3.7.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.7.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.4.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.4.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.4.5. China
- 8.4.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.4.5.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.4.5.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.5.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.4.6. Japan
- 8.4.6.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.4.6.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.4.6.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.6.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.4.7. India
- 8.4.7.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.4.7.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.4.7.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.7.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.5.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.5.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.5.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.5.5.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.5.5.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.5.5.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market Estimates & Forecast, 2017 - 2030 (USD Million)
- 8.6.2. Market Estimates & Forecast, By Application, 2017 - 2030 (USD Million)
- 8.6.3. Market Estimates & Forecast, By Distribution Channel, 2017 - 2030 (USD Million)
- 8.6.4. Market Estimates & Forecast, By Type, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Key Global Players, Recent Developments & their Impact on the Industry
- 9.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 9.3. Vendor Landscape
- 9.3.1. Key Company Market Share Analysis, 2021
Chapter 10. Company Profiles
- 10.1. Samsung Electronics Co. Ltd.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Sony Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. LG Electronics Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. Toshiba Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. Haier Electronics Group Co., Ltd.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. Philips
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. Logitech International S.A.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. Bose Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Universal Electronics
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Crestron Electronics, Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. HBC-radiomatic GmbH
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. Ruwido
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives
- 10.13. SMK-Link Electronics
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Strategic Initiatives
- 10.14. Infrared Remote Solutions
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Strategic Initiatives