The North America Smart Remote Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
Many manual tasks can now be accomplished with custom smart home remotes. Smart Remote help program the remote to work the way the user wants it to, whether the user wants to set up a shortcut button to turn on the air conditioning, have favorite channels user wants the remote to be able to access easily, or just want a one-button command that turns off all the lights in the house and shut the doors at the end of the day.
Consumer preferences for convenience above cost have led to improvements in devices that improve user experience by employing interaction methods that go beyond the graphical user interface (GUI). Such factors have had an indirect impact on remote control technology advancements, such as smart remote control. Leading consumer appliance companies’ efforts to leverage the context awareness and multi-modal output capabilities of current computer devices have also inspired advances in the smart remote control.
The government in the region is heavily investing in smart technologies and encouraging its businesses to incorporate manufacturing as well as usage of smart technologies, more specifically smart remotes. Along with that, smart remotes popularity figures suggest that Americans prefer home automation gadgets more than other countries, with a significant penetration rate. As companies gain a better understanding of such a group, companies would see more demographics of smart remotes in the coming years. The expanding focus on security, as well as wireless innovation and improvement in the internet of things (IoT), are triggering the demand of smart remote usage.
Naturally, millennial, who grew up with technology, are the most excited about smart remote technologies. The majority of people are willing to pay extra for a remote with smart technologies with IoT. Smart remote usage is expected to accelerate when Gen Z reach adulthood and begin purchasing homes. Smart remote technology is not just for kids. From smart pillboxes to fall detectors and voice-activated appliances, many products and services cater to the requirements of the elderly. Therefore, because of the increasing involvement of the government of the region and growing tech-aware people, the smart remote market is expected to grow in the coming years.
The US market dominated the North America Smart Remote Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $746.1 million by 2028. The Canada market is experiencing a CAGR of 10.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2022 - 2028).
Based on Application, the market is segmented into Smart TV and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Remote Market is Estimated to reach $3.9 Billion by 2028, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crestron Electronics, Inc., Universal Electronics Inc., LG Electronics, Inc., Toshiba Corporation, Samsung Electronics Co., Ltd., Koninklijke Philips N.V., Sony Corporation, Haier Smart Home Co., Ltd., Logitech International S.A., and Bose Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application
By Distribution Channel
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Crestron Electronics, Inc.
- Universal Electronics Inc.
- LG Electronics, Inc.
- Toshiba Corporation
- Samsung Electronics Co., Ltd.
- Koninklijke Philips N.V.
- Sony Corporation
- Haier Smart Home Co., Ltd.
- Logitech International S.A.
- Bose Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Remote Market, by Application
1.4.2 North America Smart Remote Market, by Distribution Channel
1.4.3 North America Smart Remote Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Smart Remote Market by Application
3.1 North America Smart TV Market by Country
3.2 North America Others Market by Country
Chapter 4. North America Smart Remote Market by Distribution Channel
4.1 North America Offline Market by Country
4.2 North America Online Market by Country
Chapter 5. North America Smart Remote Market by Country
5.1 US Smart Remote Market
5.1.1 US Smart Remote Market by Application
5.1.2 US Smart Remote Market by Distribution Channel
5.2 Canada Smart Remote Market
5.2.1 Canada Smart Remote Market by Application
5.2.2 Canada Smart Remote Market by Distribution Channel
5.3 Mexico Smart Remote Market
5.3.1 Mexico Smart Remote Market by Application
5.3.2 Mexico Smart Remote Market by Distribution Channel
5.4 Rest of North America Smart Remote Market
5.4.1 Rest of North America Smart Remote Market by Application
5.4.2 Rest of North America Smart Remote Market by Distribution Channel
Chapter 6. Company Profiles
6.1 Crestron Electronics, Inc.
6.1.1 Company Overview
6.2 Universal Electronics, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.3 LG Electronics, Inc. (LG Corporation)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional & Segmental Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent Strategies and Developments
6.3.5.1 Product Launches and Product Expansions:
6.4 Toshiba Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research and Development Expense
6.4.5 Recent Strategies and Developments
6.4.5.1 Product Launches and Product Expansions:
6.5 Samsung Electronics Co., Ltd. (Samsung Group)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent Strategies and Developments
6.5.5.1 Partnerships, Collaborations and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.5.6 SWOT Analysis
6.6 Koninklijke Philips N.V.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Sony Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Source: Company Publication & Secondary Research
6.7.4 Segmental and Regional Analysis
6.7.5 Research & Development Expenses
6.8 Haier Smart Home Co., Ltd. (Haier Group Corporation)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.9 Logitech International S.A.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 Recent Strategies and Developments
6.9.5.1 Product Launches and Product Expansions:
6.10. Bose Corporation
6.10.1 Company Overview
TABLE 1 North America Smart Remote Market, 2018 - 2021, USD Million
TABLE 2 North America Smart Remote Market, 2022 - 2028, USD Million
TABLE 3 North America Smart Remote Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Smart Remote Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Smart TV Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Smart TV Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Smart Remote Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 North America Smart Remote Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 North America Offline Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Offline Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Smart Remote Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Smart Remote Market by Country, 2022 - 2028, USD Million
TABLE 17 US Smart Remote Market, 2018 - 2021, USD Million
TABLE 18 US Smart Remote Market, 2022 - 2028, USD Million
TABLE 19 US Smart Remote Market by Application, 2018 - 2021, USD Million
TABLE 20 US Smart Remote Market by Application, 2022 - 2028, USD Million
TABLE 21 US Smart Remote Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 US Smart Remote Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 Canada Smart Remote Market, 2018 - 2021, USD Million
TABLE 24 Canada Smart Remote Market, 2022 - 2028, USD Million
TABLE 25 Canada Smart Remote Market by Application, 2018 - 2021, USD Million
TABLE 26 Canada Smart Remote Market by Application, 2022 - 2028, USD Million
TABLE 27 Canada Smart Remote Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Canada Smart Remote Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Mexico Smart Remote Market, 2018 - 2021, USD Million
TABLE 30 Mexico Smart Remote Market, 2022 - 2028, USD Million
TABLE 31 Mexico Smart Remote Market by Application, 2018 - 2021, USD Million
TABLE 32 Mexico Smart Remote Market by Application, 2022 - 2028, USD Million
TABLE 33 Mexico Smart Remote Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 Mexico Smart Remote Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Rest of North America Smart Remote Market, 2018 - 2021, USD Million
TABLE 36 Rest of North America Smart Remote Market, 2022 - 2028, USD Million
TABLE 37 Rest of North America Smart Remote Market by Application, 2018 - 2021, USD Million
TABLE 38 Rest of North America Smart Remote Market by Application, 2022 - 2028, USD Million
TABLE 39 Rest of North America Smart Remote Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Rest of North America Smart Remote Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 KEY INFORMATION – Crestron Electronics, Inc.
TABLE 42 Key Information – Universal Electronics Inc.
TABLE 43 Key information – LG Electronics, Inc.
TABLE 44 Key Information – Toshiba Corporation
TABLE 45 Key Information – Samsung Electronics Co., Ltd.
TABLE 46 Key Information – Koninklijke Philips N.V.
TABLE 47 Key Information – Sony Corporation
TABLE 48 key information –Haier Smart Home Co., Ltd.
TABLE 49 Key Information – Logitech International S.A.
TABLE 50 key Information – Bose Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Samsung Electronics CO. Ltd.