According to a new study by Fact.MR, global sales of WIFI Based Smart Remote were upward of 10,500 thousand units in 2018 and are estimated to record a Y-o-Y growth at over 18% in 2019. The WIFI Based Smart Remote industry continues to remain influenced by a slew of factors that range from focus of players to offer enhanced user experience by leveraging modern interaction technologies, to proliferation of IoT devices and home automation systems.
The study opines that IoT remains an optimum solution for smart device manufacturers in the development of intelligent products that power smart homes, along with the integration of actuators and sensors that facilitate automatic control of home appliances and gadgets to suit user preferences. This has significantly rubbed off on advances in the remote control devices, with ‘wireless’ being the first choice of technology among consumers. Wi-Fi enabled WIFI Based Smart Remote continue to remain preferred among consumers, with sales estimated to account for over 60% sales.
According to the study, sales of WIFI Based Smart Remotes will remain driven by shifting focus of manufacturers toward leveraging of advances such as gestural input, multi-touch, and capacitive screens in their offerings. Key players in the WIFI Based Smart Remote market are also focusing on integrating higher level of intelligent gestural interactions into WIFI Based Smart Remote, to offer users with the most aesthetically and functionally advanced method of displaying information on the device.
Residential Use Cases Account for 8 in 10 WIFI Based Smart Remote Sales
According to the study, adoption of WIFI Based Smart Remote remains high among residential consumers, accounting for over 80% sales. Fast permeation of home automation systems in developed markets such as North America and Europe have been of the leading aspects driving demand for WIFI Based Smart Remote in the residential sector. WIFI Based Smart Remote manufacturers are continuous focusing on offering advanced solutions by leveraging interaction technologies, along with multi-modal output capability and context awareness of modern computing devices.
The WIFI Based Smart Remote market remains consolidated, with few leading players account for approximately 50% shares. In a bid to maintain a competitive edge and gain profits by providing non-visual interaction experience-based offerings to consumers, these players are focusing on advancements in the software and hardware sensing and AI technologies.
WIFI Based Smart Remote Market- Competitive Landscape
The WIFI Based Smart Remote market remains consolidated, with leading companies, such as Logitech International S.A., Koninklijke Philips N.V., and Universal Electronics, collectively holding nearly 40-50% market share.
Developed economies, such as North America, and Europe have witnessed a rapid surge in popularity of home automation technology in recent years, with the introduction of smart technologies that enable an interconnected environment.
New and innovative product launch has become the key growth determinant in the WIFI Based Smart Remote market. Logitech International S.A, for instance, recently launched an all-new and easy to use universal voice remote – Harmony Express.
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