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The size of the global smart remote market is expected to be reached

NEW YORK, June 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, Global Smart Remote Market Size, Share & Industry Trends Analysis Report By Application, By Distribution Channel, By Regional Outlook and Forecast, 2022 – 2028 “ – https://www.reportlinker.com/p06289290/?utm_source=GNW
It accomplishes the process by including a variety of infrared (IR) sensors and radios to control the TV, as well as Wi-Fi and Bluetooth to control connected home devices. A smart remote control can also have a built-in screen that adapts to manage the device. Some smart remotes are physical devices that occupy a specific position on the coffee table, while others are apps that use the phone’s built-in functions.

When consumers take the first step toward simplifying control of the smart home by reducing remote collection from multiple to one, they’ve already taken significant steps toward a more liberated future, but that’s just the beginning. Home automation systems have the advantage of being flexible and unique to each consumer. Every home has different needs and desires for the system and it is the responsibility of ensuring consumers are provided with a system that performs the way consumers want and can adapt to any home and family control needs.

The radio remote control (RF remote control) emits a series of radio signals that are used to operate distant objects. The radio remote control is used in electric gate openers or garage doors, automatic barrier systems, intruder alarm systems and industrial automation systems as a supplement to infrared remote controls. Bluetooth AVRCP, ZigBee (RF4CE) and Z-Wave are the standards used for RF remote controls. Most remote controls use their own encoding, sending anything between 8 and 100 pulses in fixed or rolling code using OOK or FSK modulation. The transmitter and receiver can also be universal, which means that a variety of encodings can be used. For example, the transmitter is called a universal remote control duplicator because it can duplicate current remote controls, while the receiver is called a universal receiver because it can work with virtually any remote control available on the market.

Effects of COVID-19

With high transmission rates, the COVID-19 pandemic has caused massive casualties around the world. It has brought the whole world to a standstill and has disrupted numerous businesses around the world. The smart remote control market has not been spared from the general impact of the COVID-19 outbreak. Lockdowns have closed manufacturing facilities around the world. However, lockdown restrictions are being eased to some extent to boost the economy. Several production units and manufacturing facilities have been granted permission to operate at reduced capacity. Such a feature gives cause for optimism for the expansion of the smart remote control market.

market growth factors

Growing acceptance of the Internet of Things (IoT)

One of the major overall economic drivers behind the growth of the smart home market is the Internet of Things platform. IoT-based technology offers energy-saving features at home. For example, according to GSMA Intelligence, total IoT connections will reach several billion. One such factor suggests that within a few years, vast clusters of sensors, devices, and objects will be interacting via high-speed technologies like 5G. The proliferation of Internet of Things devices is likely to improve the functionality of smart remote gadgets.

Rise in smart city initiatives

The rapid growth of technology and smart city initiatives is increasing the demand for intelligent security systems such as PIDS (Perimeter Intrusion Detection System). In addition, great emphasis is placed on effective energy management technologies to ensure accurate measurement and reduce waste. Technology suppliers are invited to contribute to Smart City transportation infrastructure to enable proper monitoring and management, reduce carbon emissions, and deliver improved route planning and optimization. Many countries are currently investing heavily in technology to modernize aging infrastructure.

Market Inhibiting Factors

High security risks hinder market expansion

The increasing cyber attack on connected high-end technology is a major obstacle for smart remote controls. All connected endpoints pose a security risk for smart home technology. Because smart technology is connected to all systems and devices in the home, hackers can gain access to sensitive and personal information if it is not adequately secured. For example, according to Rambus Incorporated, a designer, developer and licensor of chip interface technology, a significant number of IoT devices are vulnerable to a variety of attacks. All smart devices powered by internet technology are always vulnerable to external intruders and cyber attacks.

Outlook application

Based on Application, the market is segmented into Smart TV and Other. The smart TV segment acquired the highest revenue share in the smart remote market in 2021. Smart TVs also come with a smart remote that is loaded with sophisticated features. Voice-controlled functions and a number of other useful features make Smart Remotes indispensable. Due to the improved picture quality of the screen, the demand for smart TVs has increased in developing regions.

Distribution Channel Outlook

Based on distribution channel, the market is segmented into offline and online. The online segment accounted for a significant revenue share in the smart remote market in 2021. This is due to the increasing popularity of online platforms. To reach a new buyer base, leading manufacturers of smart home devices are entering into partnerships with online retailers. In addition, the increase in sales of smart home devices, mainly through corporate websites and other e-commerce platforms, is expected to boost demand for the online sales channel.

Regional Outlook

Based on regions, the market is segmented into North America, Europe, Asia Pacific and Latin America, Middle East and Africa. LAMEA region generated a significant revenue share in the smart remote market in 2021. This is due to the rapid adoption of smart home devices in the region. The region is witnessing a drastically increasing demand for smart devices due to rising consumer interest in Internet of Things (IoT) technologies as well as increasing spending on smart home appliances and other technologies that support the creation of a smart remote gadget.

The market research report includes the analysis of the major market players. Major companies featured in the report include Crestron Electronics, Inc., Universal Electronics Inc., LG Electronics, Inc., Toshiba Corporation, Samsung Electronics Co., Ltd., Koninklijke Philips NV, Sony Corporation, Haier Smart Home Co.,Ltd. , Logitech International SA and Bose Corporation.

scope of the study

Market Segments Covered in the Report:

through application

• Smart TV

• Other

By distribution channel

• Offline

• Online

According to geography

• North America

oh USA

o Canada

Oh Mexico

o Rest of North America

• Europe

Oh Germany

o Great Britain

Oh France

Oh Russia

Oh Spain

Oh Italy

o Rest of Europe

• Asia Pacific

Oh China

Oh Japan

Oh India

Oh South Korea

o Singapore

Oh Malaysia

o Rest of Asia Pacific

• LAMEA

Oh Brazil

Oh Argentina

o United Arab Emirates

o Saudi Arabia

o South Africa

Oh Nigeria

o Rest of LAMEA

company profile

• Crestron Electronics, Inc.

• Universal Electronics Inc.

• LG Electronics, Inc.

• Toshiba Corporation

• Samsung Electronics Co.,Ltd.

• Royal Philips NV

• Sony Corporation

• Haier Smart Home Co.,Ltd.

• Logitech International SA

• Bose Corporation

Unique offers

• Complete coverage

• Highest number of market charts and charts

• Subscription-based model available

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• Assured post-sales research support with 10% free customization
Read the full report: https://www.reportlinker.com/p06289290/?utm_source=GNW

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