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Global Remotes Market 2017 To 2021

Published on: May 2017 | From USD $3500 | Published By: INFINITI RESEARCH | Number Of Pages: 70

MIR Announces the Publication of its Research Report – Global Remotes Market 2017-2021

MIR recognizes the following companies as the key players in the global remotes market: Logitech, Philips, Remote Solutions, and Universal Electronics.

Other Prominent Vendors in the market are: BesCon Electronics, Crestron Electronics, Ruwido, SMK Electronics, and Universal Remote Control.

Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is introduction of next-generation motion-sensing remotes. IR remotes dominated the market for most consumer electronic devices such as gaming consoles, smart TVs, and STBs. Market vendors are adopting different technologies in their remote controls to enable users to access a wide variety of digital content in a simpler and efficient way. Some of the major technologies that have emerged for remote controls include RF, ZigBee RF4CE, Bluetooth, and Wi-Fi.”

According to the report, one of the major drivers for this market is increase in the sales of smart TVs. Smart TVs are becoming very popular among consumers because of their enhanced functionality. Since the introduction of the first smart TV by Sony jointly with Google in 2010, Internet TVs have gained a sizable market.

Further, the report states that one of the major factors hindering the growth of this market is availability of counterfeit remotes. Counterfeit remotes are one of the potential threats to the aftermarket remote sales since they are cheaper than the branded remotes and have similar functionality as the original remotes. Counterfeit remotes also have a strong sales and distribution network, which greatly affects the aftermarket sales of branded remotes. This, in turn, increases the risk of the vendors who are highly dependent on the aftermarket sales. In addition, it becomes difficult for vendors to compete with counterfeit brands in the market because of the vast difference in the product pricing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Remotes

Remotes or remote controls are devices that are used to wirelessly operate electronic gadgets such as TVs (including smart TVs), STBs, and gaming consoles from a short line-of-sight distance. Remote controls are small wireless handheld devices that enable users to adjust different settings such as tracking number and volume. The two popular types of remote controls that are mostly used by customers are IR and RF remotes.

MIR’s analysts forecast the global remotes market to grow at a CAGR of 1.08% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global remotes market for 2017-2021. To calculate the market size, the report considers the sales (OEM and aftermarket) of remotes (standard and motion-controlled) worldwide for TVs, set-top boxes (STBs), and gaming consoles.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

MIR's report, Global Remotes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Logitech
• Philips
• Remote Solutions
• Universal Electronics

Other prominent vendors
• BesCon Electronics
• Crestron Electronics
• Ruwido
• SMK Electronics
• Universal Remote Control
Market driver
• Increase in the sales of smart TVs
• For a full, detailed list, view our report

Market challenge
• Availability of counterfeit remotes
• For a full, detailed list, view our report

Market trend
• Introduction of next-generation motion-sensing Remotes
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Table of Contents PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Industry overview
• Remotes industry value chain
• Types of remotes
PART 06: Technology landscape
PART 07: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 08: Market segmentation by application
• Remotes for TVs
• Remotes for STBs
• Remotes for gaming consoles
PART 09: Market segmentation by type
• Market overview
PART 10: Geographical segmentation
• Remotes market in APAC
• Remotes market in Americas
• Remotes market in EMEA
PART 11: Decision framework
PART 12: Drivers and challenges
• Market drivers
• Market challenges
PART 13: Market trends
• Introduction of next-generation motion-sensing remotes
• Development of low-power remotes
• Introduction of voice-controlled TV remotes
PART 14: Vendor landscape
• Competitive scenario
• Vendor strategy
• Key vendors
• Other prominent vendors
PART 15: Appendix
• List of abbreviations
List of Exhibits 
Exhibit 01: Remotes industry value chain
Exhibit 02: Types of remotes
Exhibit 03: Types of remotes based on communication technology
Exhibit 04: Differences between IR and RF remotes
Exhibit 05: Global remotes market segmentation
Exhibit 06: Global remotes market 2016-2021 (units in millions)
Exhibit 07: Global remotes market by ASP 2016-2021 ($)
Exhibit 08: Five forces analysis
Exhibit 09: Global remotes market by application 2016-2021 (% share of unit shipments)
Exhibit 10: Global remotes market by application 2016-2021 (units in millions)
Exhibit 11: Global remotes market by type 2016-2021 (% share of unit shipments)
Exhibit 12: Global remotes market by type 2016-2021 (units in millions)
Exhibit 13: Global remotes market by geography 2016-2021 (% share of unit shipments)
Exhibit 14: Global remotes market by geography 2016-2021 (units in millions)
Exhibit 15: Remotes market in APAC 2016-2021 (units in millions)
Exhibit 16: Remotes market in Americas 2016-2021 (units in millions)
Exhibit 17: Remotes market in EMEA 2016-2021 (units in millions)
Exhibit 18: Remote Solutions: Customers

Companies Discussed are - Logitech, Philips, Remote Solutions, Universal Electronics, BesCon Electronics, Crestron Electronics, Ruwido, SMK Electronics, and Universal Remote Control.

Research Methodology- Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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