LONDON–(BUSINESS WIRE)–#GlobalRemotesMarket–Technavio has been monitoring the remotes market and it is poised to grow by 57.38 mn units during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. General Electric Co., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Panasonic Corp., Remote Solution Co. Ltd., Robert Bosch GmbH, SMK Corp., Universal Electronics Inc., and VOXX International Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increase in the sales of smart TVs has been instrumental in driving the growth of the market.
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Remotes Market 2020-2024: Segmentation
Remotes Market is segmented as below:
- Application
- TVs
- Set-top Boxes
- Gaming Consoles
- Type
- Standard
- Motion-controlled
- Voice-controlled
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
Remotes Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The remotes market report covers the following areas:
- Remotes Market Size
- Remotes Market Trends
- Remotes Market Industry Analysis
This study identifies rising penetration of DTH connections as one of the prime reasons driving the remotes market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Remotes Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist remotes market growth during the next five years
- Estimation of the remotes market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the remotes market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of remotes market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- TVs – Market size and forecast 2019-2024
- Set-top boxes – Market size and forecast 2019-2024
- Gaming consoles – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Standard – Market size and forecast 2019-2024
- Motion controlled – Market size and forecast 2019-2024
- Voice controlled – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- General Electric Co.
- Koninklijke Philips NV
- LG Electronics Inc.
- Logitech International SA
- Panasonic Corp.
- Remote Solution Co. Ltd.
- Robert Bosch GmbH
- SMK Corp.
- Universal Electronics Inc.
- VOXX International Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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