Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Smart Remote Market size is expected to reach $3.9 billion by 2028, rising at a market growth of 8.6% CAGR during the forecast period.
The Others market is showcasing a CAGR of 10.4% during (2022 - 2028). The smart remote serves as the sophisticated remote controller for smart home equipment such as smart air conditioners, smart thermostats, and so on. The smart remote can also be used to control smart application functions. Emerging economies are driving up demand for the smart remote made for residential appliances.
The Offline segment acquired maximum revenue share in the Global Smart Remote Market by Distribution Channel in 2021, thereby, achieving a market value of $3.14 billion by 2028. Specialty stores, hypermarkets, supermarkets, and independent retail stores all fall within the category. The organized retail sector's aim has ensured that consumer electrical products are more visible. In addition, the growing organized retail sector in developing countries, as well as developed countries, is likely to boost demand for smart remote controls in the future years.
The Asia Pacific market dominated the Global Smart Remote Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.60 billion by 2028. The Europe market is estimated to witness a CAGR of 8.1% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 7.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-remote-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
Unique Offerings from KBV Research