Smart Remote Market Size, Share, and COVID Impact Analysis, By Technology (Wi-Fi 2.4GHz Wireless Protocol, Bluetooth Wireless Protocol, and Infrared Wireless Protocol, Radio Wireless Protocol), By Application (Individual/Residential and Industrial and Commercial), and Regional Forecast, 2024-2032

Smart remotes are remote controllers equipped with advanced features and capabilities beyond those of a traditional remote control. These features include the ability to control multiple devices through a single controller, the ability to program the remote to control specific functions of a device, and the ability to communicate with devices using Bluetooth and Wi-Fi. Some smart remotes also include touch screens, motion sensors, and other interactive features that make them easier to control the devices.

Increasing implementation and demand of smart homes is expected to drive the market growth. Prevailing smart home technology is fuelling the market, as consumers seek unified controllers to control their devices for greater convenience and process automation. Smart remotes are used to automate common tasks and routines, making it easier for users to control their devices and save time.

• In September 2020, ZunRoof launched their Zunpulse series of smart home devices, which included smart security system, water heaters, smart bulbs, and other smart electrical appliances. TheZzunpulse software-based smart remote was also deployed to operate televisions and air-conditioners remotely.

Impact of COVID-19 on the Smart Remote Market

The COVID-19 pandemic has had a significant impact on the smart remote market, leading to positive and negative effects.

On the positive side, the pandemic has accelerated the trend towards remote work and remote learning, leading to an increased demand for smart remotes that allow for remote control of devices and equipment’s. This had led to a surge in sales of smart appliances used in home offices and remote education environments. However, the pandemic also caused supply chain disruptions, resulting in price fluctuations depending on the consumer demand. Demand for convenience and amenity products also reduced as the need for necessities increased. Thus, there was a slight decline in the smart remote market growth, but the market showed a healthy growth as the restrictions and limitations relaxed.

• For instance, in June 2020, NASSCOM reported that there was a significant increase of IoT patents in India. The company stated that in the last five years, the IoT patents increased six-fold. Additionally, more than 80% of these patents pertain to industry 4.0 applications and smart electrical appliances, fuelling the smart appliances market.

Segmentation

By Technology – Wi-Fi based smart remotes are advanced remote control devices that use Wi-Fi to connect to personal or public networks and transfer information over the network. Usage of Wi-Fi enhances the intercommunication between other smart appliances, resulting in improved capabilities of smart remote controllers. Unlike, Wi-Fi based smart remotes, Bluetooth remotes are typically smaller and more compact, making them convenient to operate and travel. Bluetooth remotes don’t require internet connectivity, and operate on the basis of paired devices making them resistant to network fluctuations and interferences.

Smart remotes that utilize Infrared (IR) technology have a wide range of compatibility, as most electronic appliances have IR receiver built in. These devices are also relatively low cost, enhancing their demand in lower economical markets. Radio-based smart remotes are also resistant to network interferences, due to varying radio frequencies used by the smart appliances.

By Application – In residential environments, smart remotes simplify the way people interact with their home entertainment and other others. It makes user experience more streamlined and convenient, and it also helps to reduce clutter and minimize the need for multiple remotes that can be lost overtime.

In industrial and commercial settings, smart remotes can be used to control things like cranes, heavy machinery, lighting systems, among other equipment’s. They can also be used to control access to secure areas, such as server rooms or data centres. The prominent ability to control devices remotely reduces the need for on-site presence and avoids human risks. Additionally, they are also used to customise control systems which can be programmed to perform specific tasks instructed by the user.

Key Insights

The report will cover the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Impact of COVID-19 on Global Smart Remote Market


• Consolidated SWOT Analysis of Key Players

Regional Analysis

The global wireless router market is divided into five regions: North America, South America, Europe, Middle East & Africa, and Asia-Pacific. As of 2022, North America holds the largest share in the market contributing to the presence of many key players and leading suppliers in the region such as Keysight Technologies Inc., AMETEK Inc., National Instruments Corporation and Fortive Corporation among others. Europe has also been growing at a significant rate for investments in modular instruments market that assures the continuity of growth at a steady rate.

• On February 2022, Oneplus launched a new lineup of smart televisions named Y1S, and Y1S Edge. The company also included a TypeSync feature, which allowed the user to utilize mobile Wi-Fi and transform any smartphone into a smart remote, resulting in enhanced consumer experience.

The distribution of the global wireless router market by region of origin is as follows:

• North America – 36%


• South America – 9%


• Europe – 27%


• Middle East and Africa – 11%


• Asia Pacific – 17%

Key Players Covered

The key players in the market include Logitech Harmony, Amazon Fire TV, AMETEK Inc., Apple TV, Samsung SmartThings, Google Chromecast, Roku, Bose SoundTouch, Sonos Beam, Denon HEOS, and Sennheiser AMBEO amongst others.

Segmentation

Key Industry Developments

• December 2022: Syntiant Corporation collaborated with Telink Semiconductor Co., which particularly manufactured integrated circuit chips. This collaboration resulted in deployment of smart remotes, which also included NDP120 processor, TLSR9 chip, and Bluetooth connectivity.


• February 2022: Daiwa launched a new range of smart TVs, that deployed smart remote as an in box accessory. The smart remote featured an in-built microphone for voice commands and customizable buttons, to provide multiple clientele.