Market Insights Consumer Consumer Electronics TV Peripheral Devices

Smart Remotes - Denmark

Denmark

Denmark's revenue in the Smart Remotes market for 2024 is projected to reach US$1.8m.
This market segment is anticipated to experience an annual growth rate of 3.18% (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States generates the highest revenue in this market, with US$82,120.0k in 2024.
In terms of per capita revenue, in Denmark is expected to generate US$0.31 per person in 2024.
Looking ahead to 2029, the volume of the Smart Remotes market is predicted to reach 70.5k pieces.
Additionally, there is an expected volume growth of 8.1% in 2025.
On average, each person in Denmark is projected to have a volume of 0.0pieces in the Smart Remotes market for 2024.
In Denmark, the market for Smart Remotes is experiencing a surge in popularity due to the country's strong emphasis on sustainable and energy-efficient solutions.

Key regions: Worldwide, Brazil, Canada, Germany, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.