Smart Remote Market By Type (Infrared Smart Remote-Control, Bluetooth Smart Remote-Control, Wi-Fi Smart Remote-Control, and Radio Smart-Remote-Control) Application (Smart TV, Entertainment Systems, Home Appliances, Gaming Consoles, Others), Distribution Channel (Offline and Online), and Region - Market Perspective, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast for 2023 – 2032
Market Perspective
The global Smart Remote Market was valued at approximately USD 2.3 billion in 2022 and is expected to reach around USD 3.5 billion by 2032, at a CAGR of nearly 4.2% between 2023 and 2032.
The competition among smart home equipment and device manufacturers is intense, with a focus on developing IoT-related devices and integrating small sensors into existing home systems to create a smarter life. Smart remotes have evolved to include built-in screens that adapt to the user's device control, making them more user-friendly. These remotes can also take advantage of the phone's built-in features to improve the user experience.
Consumer electronics manufacturers are investing in innovative solutions, and the sales and development of future smart remotes are benefiting from improvements in the functionality and aesthetics of home appliances. The growth of online retailing is essential for businesses to reach and grow their customer base. Additionally, an increase in flexible income and easy financing arrangements has led to shorter replacement periods for electronic products, indicating consumers' preference for convenience over cost.
The evolution of remote control technology, including intelligent remote control, has been significantly influenced by advancements and innovations. The market is expected to grow during the forecast period due to these factors, as well as an increase in demand for smart home equipment and devices.
Key Insights
- Based on the type, the infrared smart remote-control segment held the largest market share
- Based on application, the smart TV segment dominated the market
- Based on distribution channel, the online segment is expected to dominate over the forecast period
- On the basis of region, North America accounted largest market share
Growing Trend of Wi-Fi Based Smart Remote Control Technology is Augmenting the Market Growth Potential
The smart remote control market is experiencing significant growth potential due to the increasing popularity of Wi-Fi-based smart remote control technology. The introduction of the Internet of Things (IoT) has led to several benefits for the market, and the growing use of sensors is expected to boost demand for smart remotes. Consumers are increasingly drawn to the ease of use and convenience of Wi-Fi-based smart remote control technology. In addition to this, the global library code database, macro program support, and cloud code library features are creating growth opportunities for the market.
IoT-based remote technology offers energy-saving features for the home. As vast arrays of sensors, devices, and objects start communicating with high-speed technologies like 5G, the functioning of smart remote devices is likely to improve. The ability of smart remotes to connect with other IoT devices in the home is also a significant advantage. This interconnectivity enables users to control multiple devices from a single remote, enhancing the user experience.
The increasing demand for smart home technology and the adoption of IoT-based devices are expected to drive the growth of the smart remote control market. As technology continues to advance, the features and capabilities of smart remote controls are likely to become even more sophisticated and efficient.
The surging Popularity of Home Automation Technology Drives the Market Growth
The market for smart security systems, such as Perimeter Intrusion Detection Systems (PIDS), is experiencing significant growth due to the surging popularity of home automation technology. The rapid advancements in technology and the growing number of smart city projects have increased the demand for these systems. Technology providers are also participating in smart urban transport infrastructure projects that enable adequate monitoring and control, reduce carbon dioxide emissions, and improve route optimization. Many countries are investing heavily in technology to modernize aging infrastructure, which is driving the growth of the smart security systems market.
Manufacturers of smart home equipment and devices are also focusing on the development of devices that are connected to the Internet of Things (IoT). These devices enable a smarter life, and the rapid integration of small sensors into current home systems is creating new growth opportunities. Consumer device manufacturers are investing in innovative solutions that benefit from improvements in the functionality and aesthetics of home appliances, which is contributing to the growth of the market.
The increasing demand for smart home technology and the adoption of IoT-based devices are expected to continue driving the growth of the smart security systems market. As technology continues to advance, smart security systems are likely to become even more sophisticated and efficient. This will enable consumers to enjoy greater convenience, comfort, and security in their homes.
High Risk of Security Breach May Restrain the Market Growth
The growing threat of cyber-attacks on smart technology is a major obstacle for the smart remote control market. All connected endpoints pose a significant security risk to smart home technology, which can result in the access of sensitive and personal information by hackers if it is not adequately protected. Due to the availability of chip-based technology, many IoT devices are vulnerable to various attacks.
As a result, several smart devices that are used with internet technology are susceptible to external intrusions and cyber-attacks, which ultimately restricts the growth potential of the market. It is therefore critical for manufacturers to prioritize the implementation of robust security measures and privacy protocols to ensure the safe use of smart remote controls and other connected devices.
Recent Development
In January 2022: The new Android TV OEM remote control (SAT RC) launched by SMK Electronics Corporation features an audio input and standard IR control features. SAT RC equips Bluetooth Low Energy remote control systems with the ability to input audio as well as perform standard IR control. the ideal answer for Android OS gadgets.
In January 2022: Samsung launched its latest Eco Remote, an eco-friendly remote control that uses recycled materials. The Eco Remote 2022 model uses the power of radio waves emitted by Wi-Fi routers to keep itself charged which can be charged both indoors and outdoors.
Segmentation Analysis
Based on the type, the market is categorized into infrared smart remote-control, Bluetooth smart remote-control, Wi-Fi smart remote-control, and radio smart-remote-control. The infrared smart remote-control segment contributed to the dominating share as it is an all-in-one smart remote, which uses voice commands to control any device in a room. It can be used to control all remote devices in the room, including speakers, air conditioners, TVs, and set-top boxes, and can also be used to control mechanical devices such as motors and elevators.
Based on application, the market is further classified as smart TV, entertainment systems, home appliances, gaming consoles, and others. The smart TV segment generated the largest revenue as the device comes with a smart remote with advanced features and is essential because they have voice-activated features in addition to many other necessary features.
The market is further segmented by distribution channel into offline and online. The online segment has the largest share due to the increasing popularity of online platforms. Market vendors are partnering with online retailers to reach new buyers and increase online sales. With the expected rise in sales of smart devices through corporate websites and other online shopping platforms, the online sales of smart remotes are also expected to increase.
North America is the most Dominating Market Owing to the Ongoing Development of Remote Control Technology
The smart remote control market is expected to experience significant growth in North America due to the large presence of manufacturers in the region. The growing interest of consumers in IoT technologies, as well as the adoption of new technologies such as 5G, wireless, and Bluetooth, is also expected to drive market growth. In addition, the popularity of smart home products and the development of remote control technology that utilizes context awareness and multimodal printing capabilities have also influenced the market.
Leading companies are leveraging advances in hardware and software recognition and artificial intelligence (AI) to generate revenue by providing consumers with invisible communication experiences. The strong demand for consumer device semiconductor applications and the presence of manufacturers across the region further contribute to the growth of the market.
Asia Pacific is the Fastest Growing Market Due to the Growing Popularity of Smart Home Appliances
The Asia Pacific region is experiencing the fastest growth in the smart remote market, driven by increasing consumer interest in IoT technologies, rising demand for smart appliances, and higher spending on smart homecare products. The region's growing middle-class population and disposable incomes are major factors contributing to the continued demand for smart home devices, resulting in a significant increase in demand for smart remote controls.
Key market players are collaborating with e-commerce platforms to expand their reach into untapped markets by promoting their products. The advancement of smart remote technology is also being fueled by large consumer electronics companies that are taking advantage of the multi-modal manufacturing capabilities and situational awareness of the latest computing devices, such as smartphones.
Competitive Landscape
- Comarch SA
- Crestron Electronics, Inc.
- Haier Group
- HBC-radiomatic GmbH
- Koninklijke Philips N.V.
- LG Electronics
- Logitech
- SAMSUNG
- Sony Corporation
- Wowza Media Systems, LLC
The global smart remote market is segmented as follows:
By Type
- Infrared Smart Remote-Control
- Bluetooth Smart Remote-Control
- Wi-Fi Smart Remote-Control
- Radio Smart-Remote-Control
By Application
- Smart TV
- Entertainment Systems
- Home Appliances
- Gaming Consoles
- Others
By Distribution Channel
- Offline
- Online
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Smart Remote Market By Type
- March-2023
- 148
- Global
- smart-utilities
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