57.38 Million Units growth expected in Remotes Market | 1.20% YOY growth in 2020 amid COVID-19 Spread | APAC to Notice Maximum Growth | Technavio
NEW YORK, May 12, 2021 /PRNewswire/ -- The global remotes market by application (TVs, set-top boxes, and gaming consoles), type (standard, motion-controlled, and voice-controlled), and geographic landscape (APAC, Europe, MEA, North America, and South America) has been added to Technavio's offering. The global remotes market is expected to grow by USD 57.38 million units, at a CAGR of almost 2% during 2020-2024.
The market is witnessing an increase in the adoption of STBs as many cable service providers are moving from analog to digital broadcasting as a part of Digital Migration. Besides, improving economic conditions and rising disposable incomes of people, especially in emerging economies is increasing consumer spend on various electronic devices. These factors will support the growth of the global remotes market during the forecast period.
The market is expected to be driven by factors such as the increase in the sales of smart TVs and the rising penetration of DTH connections.
The report also offers information on the upcoming trends and challenges that will influence market growth.
Remotes Market: Opportunities
Remotes Market: Segmentation by Application
Remotes Market: Segmentation by Geography
One of the fortune 500 companies had used the detailed research report on the remotes market and had decided to increase their market share in the APAC region which offers the highest market opportunities during the forecast period.
Explore more about market opportunities: Enquire about the report before purchasing
Remotes Market: Major Vendors
General Electric Co.
Koninklijke Philips NV
LG Electronics Inc.
Robert Bosch GmbH
Universal Electronics Inc.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the remotes market report:
Market Player Information
Related Reports on Remotes Market:
Global Gaming Console Market – Download our free sample report to learn about major trends impacting the growth of the market over the next five years.
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Drivers, Challenges, and Trends
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