Smart
remotes market growth is anticipated at a higher CAGR in the assessment period.
Facts such as growing automation to handle machineries and equipment in
industries and homes exhibit a trajectory global market growth.
Gadgets
such as television, set-top boxes and many other remote operated devices offer
comfort and convenience. Also, the structure and design of such remotes depend
upon the complexity of the device. For instance, universal remote is getting
more and more simplified as it controls any (infrared) IR devices such as TV,
air conditioner, home theater and also including lights and fans. But, many
technological complexities yield difficulties in designing a versatile smart
remote.
Further,
enhanced growth in mobile communication system helps in developing a fast paced
life. Functionalities of electronic devices such as computer, laptop, camera
are now mounted on a single mobile phone. The market is loaded with millions of
smart phones in an ad-hoc network with enhanced connectivity options. On the
contrary, special hardware is required to design a universal remote which is
capable of controlling the IR based home appliances. Hence, even an enhanced
mobile phone is somewhat incapable of managing the control for home based
appliances. In such cases, automation comes into picture which enables
increased work efficiency and offers more convenience for users.
On
the other hand, IR remotes are most common types and used by consumers on a
global scale and RF technology is being used as an effective remote technology
plus the need for automation to control home appliances is rising at a higher
rate. Overall, coupled with the market dynamics and market driving factors, the
smart remotes market growth is expected to witness a higher CAGR during the
forecast period.
Smart
remotes market growth is fueled by rise in number of sales of smart TVs. Smart
TVs are gaining much attention among consumers on a scale which influences the
demand for remotes. Smart TVs offer more multi-functions in comparison with
flat panel displays which demand remote control. Remotes have become a major
component device for popular smart TVs by top manufacturers. However, use of
consumer operated electronic devices makes difficult for consumers to maintain
separate remotes for individual devices. Overall, the smart remotes market is
anticipated to grow at a higher CAGR during the forecast period.
On
the basis of type of sales, the smart remotes market is segmented into OEM
sales and aftermarket sales. On the basis of application, the smart remotes
market is segmented into smart TVs, set top box, gaming consoles and motion
remotes.
On
the basis of geographic segmentation, the smart remotes market spans North
America, Latin America, Europe, Asia Pacific, China, Japan, Africa. APAC
regions dominate the global market owing to a larger market share and presence
of big players such as Sharp, Samsung and LG, in the region. North American
market is anticipated to grow at a higher CAGR owing to extensive R&D and packaging
for technical equipment. The key players in the smart remotes market include
BesCon Electronics, Logitech Internation S.A., Koninklikje Philips N.V., Remote
Solutions Co. Ltd, Ruwido, SMK Electronic Corp, Universal Electronic Inc., and
Universal Remote Control Inc.
Comments
Post a Comment