Remotes market size to grow by 73.85 million units from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Technavio categorizes the global remotes market as a part of the global consumer electronics market, which covers products and companies engaged in the manufacturing/marketing of consumer robotics, home audio and video products, televisions (TV), digital cameras, and related products.

The global remotes market size is estimated to increase by 73.85 million units between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 1.95% during the forecast period.

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Remotes market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For detailed insights into the market study, Buy the report!

Remotes market – Vendor Analysis
Vendor Landscape - The global remotes market is fragmented, with the presence of many established vendors. The vendors are expanding their product portfolios through the development of sophisticated technologies and the acquisition of regulatory approvals for new items. They are using both organic and inorganic growth tactics to achieve a competitive advantage in the market. Hence, the competition among the vendors in the global remotes market is expected to intensify during the forecast period.

A few prominent vendors that offer remotes in the market are Bose Corp., Crestron Electronics Inc., dreamgear LLC, Dusun Electron Ltd., Infrared Remote Solutions Inc., Laxmi Remote India Pvt Ltd., LG Electronics Inc., Logitech International SA, Microsoft Corp., Razer Inc., Reliable Technologies, Remote Solution Co. Ltd., ruwido austria GmbH, Samsung Electronics Co. Ltd., Shenzhen Chuangrongfa Electronics Co. Ltd. and others.

Vendor Offerings -

• Bose Corp. - The company offers remotes that can be included with the Bose Smart Soundbar 700 and Bose Soundbar 500.
• Crestron Electronics Inc. - The company offers remotes that are designed to work with Xbox Series X|S and all Xbox One models where one can pair the controller quickly and easily with just one button.
• dreamgear LLC - The company offers remotes that are designed to be sleek with a premium aluminum accent and seamless elastomer keypad that is soft to the touch.
• Dusun Electron Ltd. - The company offers remotes that have silk screened on overlays, keys, and case.

Remotes market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type, application (TVs, set-top boxes, and gaming consoles), type (standard, motion-controlled, and voice-controlled), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• By application, the market growth will be significant in the TV segment during the forecast period. The segment is driven by the rapid adoption of TVs coupled with the increasing spending capability of consumers. In addition, factors such as the decline in TV subscription costs and the introduction of low-cost per-view channels are contributing to the growth of the segment.

Geography Overview
By geography, the global remotes market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global remotes market.

• APAC will account for 80% of the market's growth during the forecast period. The growth of the regional market is mainly driven by the presence of a large number of consumer electronics providers that offer TVs and gaming consoles. Besides, factors such as the rising number of households with TVs, the decreasing TV subscription charges, and the decreasing prices of set-top boxes are also fueling the growth of the remotes market in APAC.

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Remotes market – Market Dynamics

Leading Drivers –

• The market is driven by the availability of multifunctional gaming consoles.
• Multifunctional gaming consoles allow users to watch videos, listen to music, and browse the internet apart from playing games.
• Popular gaming consoles such as Microsoft Xbox One S, Sony PS4 Slim, New 3DS, and 3DS XL, as well as Nvidia Shield TV offer multifunctional features.
• The introduction of such products is increasing the demand for single-user interface motion control devices among consumers.
• This is leading to the development of remotes with motion control technologies that can be used for operating multifunctional gaming consoles and other electronic devices, such as smart TVs.
• All these factors are driving the growth of the global remotes market.

Key Trends –

• The development of low-power remotes is the key trend in the market.
• Remote manufacturers are integrating various technologies and components to reduce power consumption.
• For instance, vendors are integrating remotes with GreenPeak Emerald GP500 communications controller. This enables remote controllers to run on an nexpensive coin cell battery for more than 15 years, which is equivalent to saving 90% of the batteries used by remote controls.
• Such developments among vendors are expected to have a positive impact on the growth of the market during the forecast period.

Major challenges –

• The increasing use of universal remotes is a major challenge in the market.
• Universal remotes offer enhanced capabilities and functionalities.
• Their multifunctional nature eliminates the need for individual remotes for each device.
• Moreover, these remotes are available at the same price as standard remotes, motivating buyers to purchase universal remotes.
• Such factors are hampering the growth of the global remotes market.

Driver, Trend, and Challenges are the factor of market dynamics that state about consequences and sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this remotes market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the remotes market between 2023 and 2027
• Precise estimation of the size of the remotes market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the remotes market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of remotes market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global remotes market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global remotes market 2017 - 2021 (million units)

• 4.2 Applicaton Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Applicaton Segment 2017 - 2021 (million units)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (million units)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million units)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million units)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 TVs - Market size and forecast 2022-2027
• Exhibit 34: Chart on TVs - Market size and forecast 2022-2027 (million units)
• Exhibit 35: Data Table on TVs - Market size and forecast 2022-2027 (million units)
• Exhibit 36: Chart on TVs - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on TVs - Year-over-year growth 2022-2027 (%)

• 6.4 Set-top boxes - Market size and forecast 2022-2027
• Exhibit 38: Chart on Set-top boxes - Market size and forecast 2022-2027 (million units)
• Exhibit 39: Data Table on Set-top boxes - Market size and forecast 2022-2027 (million units)
• Exhibit 40: Chart on Set-top boxes - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Set-top boxes - Year-over-year growth 2022-2027 (%)

• 6.5 Gaming consoles - Market size and forecast 2022-2027
• Exhibit 42: Chart on Gaming consoles - Market size and forecast 2022-2027 (million units)
• Exhibit 43: Data Table on Gaming consoles - Market size and forecast 2022-2027 (million units)
• Exhibit 44: Chart on Gaming consoles - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Gaming consoles - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application (million units)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Standard - Market size and forecast 2022-2027
• Exhibit 51: Chart on Standard - Market size and forecast 2022-2027 (million units)
• Exhibit 52: Data Table on Standard - Market size and forecast 2022-2027 (million units)
• Exhibit 53: Chart on Standard - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Standard - Year-over-year growth 2022-2027 (%)

• 7.4 Motion controlled - Market size and forecast 2022-2027
• Exhibit 55: Chart on Motion controlled - Market size and forecast 2022-2027 (million units)
• Exhibit 56: Data Table on Motion controlled - Market size and forecast 2022-2027 (million units)
• Exhibit 57: Chart on Motion controlled - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Motion controlled - Year-over-year growth 2022-2027 (%)

• 7.5 Voice controlled - Market size and forecast 2022-2027
• Exhibit 59: Chart on Voice controlled - Market size and forecast 2022-2027 (million units)
• Exhibit 60: Data Table on Voice controlled - Market size and forecast 2022-2027 (million units)
• Exhibit 61: Chart on Voice controlled - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Voice controlled - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type (million units)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 (million units)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 (million units)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 (million units)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 (million units)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 (million units)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 (million units)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 (million units)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 (million units)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography (million units)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Bose Corp. 
• Exhibit 116: Bose Corp. - Overview
• Exhibit 117: Bose Corp. - Product / Service
• Exhibit 118: Bose Corp. - Key news
• Exhibit 119: Bose Corp. - Key offerings

• 12.4 Crestron Electronics Inc. 
• Exhibit 120: Crestron Electronics Inc. - Overview
• Exhibit 121: Crestron Electronics Inc. - Product / Service
• Exhibit 122: Crestron Electronics Inc. - Key offerings

• 12.5 dreamgear LLC 
• Exhibit 123: dreamgear LLC - Overview
• Exhibit 124: dreamgear LLC - Product / Service
• Exhibit 125: dreamgear LLC - Key offerings

• 12.6 Dusun Electron Ltd. 
• Exhibit 126: Dusun Electron Ltd. - Overview
• Exhibit 127: Dusun Electron Ltd. - Product / Service
• Exhibit 128: Dusun Electron Ltd. - Key offerings

• 12.7 Infrared Remote Solutions Inc. 
• Exhibit 129: Infrared Remote Solutions Inc. - Overview
• Exhibit 130: Infrared Remote Solutions Inc. - Product / Service
• Exhibit 131: Infrared Remote Solutions Inc. - Key offerings

• 12.8 Koninklijke Philips NV 
• Exhibit 132: Koninklijke Philips NV - Overview
• Exhibit 133: Koninklijke Philips NV - Business segments
• Exhibit 134: Koninklijke Philips NV - Key news
• Exhibit 135: Koninklijke Philips NV - Key offerings
• Exhibit 136: Koninklijke Philips NV - Segment focus

• 12.9 LG Electronics Inc. 
• Exhibit 137: LG Electronics Inc. - Overview
• Exhibit 138: LG Electronics Inc. - Business segments
• Exhibit 139: LG Electronics Inc. - Key news
• Exhibit 140: LG Electronics Inc. - Key offerings
• Exhibit 141: LG Electronics Inc. - Segment focus

• 12.10 Logitech International SA 
• Exhibit 142: Logitech International SA - Overview
• Exhibit 143: Logitech International SA - Business segments
• Exhibit 144: Logitech International SA - Key news
• Exhibit 145: Logitech International SA - Key offerings
• Exhibit 146: Logitech International SA - Segment focus

• 12.11 Microsoft Corp. 
• Exhibit 147: Microsoft Corp. - Overview
• Exhibit 148: Microsoft Corp. - Business segments
• Exhibit 149: Microsoft Corp. - Key news
• Exhibit 150: Microsoft Corp. - Key offerings
• Exhibit 151: Microsoft Corp. - Segment focus

• 12.12 Razer Inc. 
• Exhibit 152: Razer Inc. - Overview
• Exhibit 153: Razer Inc. - Business segments
• Exhibit 154: Razer Inc. - Key offerings
• Exhibit 155: Razer Inc. - Segment focus

• 12.13 ruwido austria GmbH 
• Exhibit 156: ruwido austria GmbH - Overview
• Exhibit 157: ruwido austria GmbH - Product / Service
• Exhibit 158: ruwido austria GmbH - Key offerings

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 159: Samsung Electronics Co. Ltd. - Overview
• Exhibit 160: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 161: Samsung Electronics Co. Ltd. - Key news
• Exhibit 162: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 163: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 SMK Corp. 
• Exhibit 164: SMK Corp. - Overview
• Exhibit 165: SMK Corp. - Business segments
• Exhibit 166: SMK Corp. - Key offerings
• Exhibit 167: SMK Corp. - Segment focus

• 12.16 Sony Group Corp. 
• Exhibit 168: Sony Group Corp. - Overview
• Exhibit 169: Sony Group Corp. - Business segments
• Exhibit 170: Sony Group Corp. - Key news
• Exhibit 171: Sony Group Corp. - Key offerings
• Exhibit 172: Sony Group Corp. - Segment focus

• 12.17 Universal Electronics Inc. 
• Exhibit 173: Universal Electronics Inc. - Overview
• Exhibit 174: Universal Electronics Inc. - Product / Service
• Exhibit 175: Universal Electronics Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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