Universal Remote Controls Market Size Worth 363.64 Million By 2032 | CAGR: 5.4%

The global universal remote controls market size is expected to reach USD 363.64 million by 2032, according to a new study by Polaris Market Research. The report “Universal Remote Controls Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software); By Remote Type; By Function; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of universal remote controls is attributable to the rising demand for audio, video, gaming, lighting, and air conditioning devices on the market. There is growing emphasis among manufacturers to produce effective quality control systems for consumers to increase their market presence and revenue. For instance, in January 2023, HDANYWHERE unveiled its controller remote control product at the ISE 2023 show. It is an easy-to-use, hand-portable, and dedicated solution with an OLED screen specifying the required information.

Furthermore, the increasing number of companies' research activities to improve their existing products is enhancing the demand for remote controls. As an example, Apple introduced its Apple TV Remote App features into the integrated control systems, enabling users to operate their TV without any app downloads with ease of navigation. Additionally, it unveiled the new firmware upgrade 10M1103 from earlier software version 9M6772 for Siri Remote, which is designed for the Apple TV. This ongoing product upgrade is likely to enable the companies to capture a larger consumer base in the global market.

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The ongoing company's initiatives to promote environmental sustainability are also fueling the evolution of environmentally friendly remote controls. For instance, Samsung Electronics unveiled a solar cell remote control in 2021 to reduce the economic impact of the disposal of used batteries and the use of recycled plastic in the remote manufacturing process, which was selected by Times Magazine as "The Best Inventions of 2022" due to its eco-friendly design. In its latest offering, it reduced the size of the solar cell remote by 22%, resulting in lower use of plastic and improved utility. As companies make strategic decisions to enhance their product's sustainability, there will be huge potential for market growth during the forecast period.

Universal Remote Controls Market Report Highlights

• Hardware segment will grow at the highest pace in the coming years due to increased convenience.
• Learning remote segment accounted for the largest share owing to the increased convenience to the users as a single remote can be used for multiple appliances.
• Audio devices segment held the larger revenue share due to the rising adoption of home theaters, speakers, and more.
• APAC will grow at a rapid pace, owing to the rising consumption of household electrical appliances.
• North America is expected to have the fastest growth owing to the presence of major universal remote-control producers.
• The global players include Advanced Media Technologies, Amazon.com, Cisco Systems, & Universal Remote Control.

Polaris Market Research has segmented the utility remote controls market report based on component, remote type, function, and region:

Universal Remote Controls, Component Outlook (Revenue - USD Million, 2019 - 2032)

• Hardware
• Software

Universal Remote Controls, Remote Type Outlook (Revenue - USD Million, 2019 - 2032)

• Multiband Remote
• Learning Remote

Universal Remote Controls, Function Outlook (Revenue - USD Million, 2019 - 2032)

• Audio Devices
• Video Devices
• Gaming Devices
• Lighting
• Air-Conditioners
• Others

Universal Remote Controls, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Universal Remote Controls Market Report Scope