Market Overview:
The global TV remote controller market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for universal remote controllers and the growing trend of smart homes. The traditional TV remote control segment is expected to dominate the global TV remote controller market during the forecast period, owing to its low cost and easy availability. However, the universal remote controller segment is projected to grow at a higher CAGR due its ability to control multiple devices simultaneously. In terms of application, the home segment is expected dominate the global TV remote controller market during 2018-2030 followed by commercial applications.
Product Definition:
A TV remote controller is a device that allows the user to control the television set from a distance. This device can be used to change channels, adjust the volume, or turn the television on and off. The importance of this device lies in its convenience; it allows users to operate their televisions without having to get up and walk across the room.
Traditional TV Remote Control:
Traditional TV Remote Control is a device which is used by the viewers to control the on-air broadcast of any channel. It has an internal hard- ware containing codes, which are similar to those used for controlling cable boxes. The main objective of this remote is to offer easy access and convenience while watching television.
The global Traditional TV Remote Control market size was valued at USD 472 million in 2016.
Universal Remote Controller:
The universal remote controller is a device that can be used to control all the television set devices from a single device. The term “universal” in the name of remote controller implies its ability to work on all types of television sets irrespective of their make and model.
In earlier times, there were different types of remote controllers for each brand and type of television; however, with technological advancement such as infrared technology, these have become common now.
Application Insights:
The home application segment dominated the global TV remote controller market in 2017. The use of universal remote controllers at homes has become common as they offer easy access to control multiple electronic devices from a single device. Furthermore, the development of smart home technology is further increasing the demand for these controllers among consumers. For instance, Samsung¢â‚¬â„¢s Galaxy S8 and Note 8 smartphones can be used as universal remotes for controlling both LED and LCD TVs with an integrated Smart Hub platform by Sony Corporation.
The commercial application segment is expected to witness significant growth over the forecast period owing to rising adoption of IR blasters in theaters, live shows and sports events among others across various regions including North America, Europe and Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing penetration of advanced universal remote controllers and technological advancements in the field of media entertainment, along with a high level of disposable income among consumers. Moreover, rising adoption of smart TVs has been driving demand for global remotes in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing product penetration and growing consumer awareness regarding advanced features offered by universal remote controllers. Furthermore, rising popularity of live streaming platforms such as Netflix and Hulu Plus has led viewers across Asia Pacific countries such as China and Japan to use global remotes more often for changing channels or pausing/resuming live TV viewing experience (even though some Asian brands have implemented voice control functionality into their products).
Growth Factors:
- Increasing demand for smart TVs
- Rising disposable income of consumers
- Proliferation of digital content
- Growing trend of home entertainment
- Advancement in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
TV Remote Controller Market Research Report
By Type
Traditional TV Remote Control, Universal Remote Controller
By Application
Home, Commercial
By Companies
Samsung, LG, Logitech, TCL, Sony, Philips, AMX (Harman), Crestron, Hisense, Skyworth, Panasonic, Leviton, RTI, Flipper, Doro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global TV Remote Controller Market Report Segments:
The global TV Remote Controller market is segmented on the basis of:
Types
Traditional TV Remote Control, Universal Remote Controller
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung
- LG
- Logitech
- TCL
- Sony
- Philips
- AMX (Harman)
- Crestron
- Hisense
- Skyworth
- Panasonic
- Leviton
- RTI
- Flipper
- Doro
Highlights of The TV Remote Controller Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Traditional TV Remote Control
- Universal Remote Controller
- By Application:
- Home
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the TV Remote Controller Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A TV remote controller is a device that allows you to control the functions of your television from a distance.
Some of the major companies in the tv remote controller market are Samsung, LG, Logitech, TCL, Sony, Philips, AMX (Harman), Crestron, Hisense, Skyworth, Panasonic, Leviton, RTI, Flipper, Doro.
The tv remote controller market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. TV Remote Controller Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. TV Remote Controller Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. TV Remote Controller Market - Supply Chain
4.5. Global TV Remote Controller Market Forecast
4.5.1. TV Remote Controller Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. TV Remote Controller Market Size (000 Units) and Y-o-Y Growth
4.5.3. TV Remote Controller Market Absolute $ Opportunity
5. Global TV Remote Controller Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. TV Remote Controller Market Size and Volume Forecast by Type
5.3.1. Traditional TV Remote Control
5.3.2. Universal Remote Controller
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global TV Remote Controller Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. TV Remote Controller Market Size and Volume Forecast by Application
6.3.1. Home
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global TV Remote Controller Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. TV Remote Controller Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global TV Remote Controller Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. TV Remote Controller Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global TV Remote Controller Demand Share Forecast, 2019-2026
9. North America TV Remote Controller Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America TV Remote Controller Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America TV Remote Controller Market Size and Volume Forecast by Application
9.4.1. Home
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America TV Remote Controller Market Size and Volume Forecast by Type
9.7.1. Traditional TV Remote Control
9.7.2. Universal Remote Controller
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America TV Remote Controller Demand Share Forecast, 2019-2026
10. Latin America TV Remote Controller Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America TV Remote Controller Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America TV Remote Controller Market Size and Volume Forecast by Application
10.4.1. Home
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America TV Remote Controller Market Size and Volume Forecast by Type
10.7.1. Traditional TV Remote Control
10.7.2. Universal Remote Controller
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America TV Remote Controller Demand Share Forecast, 2019-2026
11. Europe TV Remote Controller Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe TV Remote Controller Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe TV Remote Controller Market Size and Volume Forecast by Application
11.4.1. Home
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe TV Remote Controller Market Size and Volume Forecast by Type
11.7.1. Traditional TV Remote Control
11.7.2. Universal Remote Controller
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe TV Remote Controller Demand Share, 2019-2026
12. Asia Pacific TV Remote Controller Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific TV Remote Controller Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific TV Remote Controller Market Size and Volume Forecast by Application
12.4.1. Home
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific TV Remote Controller Market Size and Volume Forecast by Type
12.7.1. Traditional TV Remote Control
12.7.2. Universal Remote Controller
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific TV Remote Controller Demand Share, 2019-2026
13. Middle East & Africa TV Remote Controller Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa TV Remote Controller Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa TV Remote Controller Market Size and Volume Forecast by Application
13.4.1. Home
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa TV Remote Controller Market Size and Volume Forecast by Type
13.7.1. Traditional TV Remote Control
13.7.2. Universal Remote Controller
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa TV Remote Controller Demand Share, 2019-2026
14. Competition Landscape
14.1. Global TV Remote Controller Market: Market Share Analysis
14.2. TV Remote Controller Distributors and Customers
14.3. TV Remote Controller Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Logitech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TCL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sony
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Philips
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AMX (Harman)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crestron
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hisense
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Skyworth
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Panasonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Leviton
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. RTI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Flipper
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Doro
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
