North America Smart Remote Market

North America Smart Remote Market Size, Share & Industry Trends Analysis Report By Application (Smart TV and Others), By Distribution Channel (Offline and Online), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-9411 Publication Date: May-2022 Number of Pages: 64
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Market Report Description

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

  • Smart TV
  • Others

By Distribution Channel

  • Offline
  • Online

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
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