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In May 1985, Phillips launched the first universal remote control device under the brand name Magnavox. In May 1987, the first programmable universal remote control was launched by CL 9, a start-up founded by Steve Wozniak. The market for has witnessed several developments in terms of technology. With continuous developments in technology, vendors are offering universal remote controls with Wi-Fi, LCD touchscreen and radio technology. Wi-Fi enabled universal remote controls are gaining momentum in the market. They enable users to bypass the cable provider to find what’s playing on TV through a Wi-Fi network. In addition, the updates of a TV program are displayed on the LCD screens of universal remote controls. LCD touchscreen devices have luminescent LCD screens that display "virtual buttons." Radio frequency universal remote controls use radio frequency waves to control the electronic devices that are blocked by obstacles such as walls or cabinets. Universal remote controls are programmed with macros that enable the programming of several commands in one button. For instance, with the help of macro-programming, the TV as well as the satellite dish can be turned on with a single button.
Universal Remote Controls Market: Drivers and challenges
The growing trend of Do It Yourself (DIY) is driving the global market as customers can download the codes and programs of universal remote controls by themselves. Programming and installation does not require any expert assistance. Moreover, factors such as increasing smart home devices and advancements in technology are propelling the global market. Increase in the adoption of smartphones is expected to contribute significantly to the growth of the global market during the forecast period. Increase in spending on advanced technology devices is expected to have a huge impact on the growth of the global market.
However, the high cost of universal remote controls as compared to device-specific remotes is expected to hinder the growth of the global market in the emerging countries of Asia Pacific and Africa. Moreover, the threat of network hacking is likely to be another restraint for the Wi-Fi enabled universal remote controls market.
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Universal Remote Controls Market: Segmentation
Segmentation based on components:
The market is segmented based on the components, i.e. hardware and software. The hardware segment is expected to hold a major market share in the global universal remote controls market during the forecast period.
Segmentation based on the type of remote:
The universal remote controls market is segmented based on the type of remote, i.e. multiband remote and learning remote. Learning remotes are expected to hold a major share of the market during the forecast period due to the feature of "macro programming."
Segmentation based on the function:
The universal remote controls market is segmented based on the function, i.e. audio devices, video devices, gaming devices, lighting, air-conditioners and others.
Some of the key players of the universal remote controls market are Advanced Media Technologies, Inc.; Universal Remote Control, Inc.; Logitech International S.A.; VOXX Accessories Corp.; GENERAL ELECTRIC; Savant Systems LLC; Amazon.com, Inc.; Cisco Systems, Inc. and Imagine Communications Corp.
The report covers exhaustive analysis on:
Universal Remote Controls Segments:
- Market Dynamics
- Historical Actual Market Size, 2013 - 2017
- Market Size & Forecast 2018 to 2028
- Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis for Universal Remote Controls Market includes development in the following regions:
- North America Universal Remote Controls Market
- Latin America Universal Remote Controls Market
- Western Europe Universal Remote Controls Market
- Rest of Western Europe
- Eastern Europe Universal Remote Controls Market
- Rest of Eastern Europe
- SEA and Other APAC Universal Remote Controls Market
- Australia and New Zealand (ANZ)
- Rest of SEA
- Japan Driver Universal Remote Controls Market
- China Universal Remote Controls Market
- Middle East and Africa Universal Remote Controls Market
- GCC Countries
- Other Middle East
- North Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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