Market Insights Consumer Consumer Electronics TV Peripheral Devices

Smart Remotes - NAFTA

NAFTA

In 2024, the revenue in the Smart Remotes market reached a substantial sum of US$89.8m.
Looking ahead, the market is projected to experience a steady annual growth rate of 1.01% (CAGR 2024-2029).
It is worth noting that in the United States stands out as the leading contributor to this market segment, generating US$82,120.0k in revenue in 2024.
When considering the total population figures, the per person revenue in 2024 amounts to US$0.18.
Moving on to volume, it is estimated that by 2029, the volume in the Smart Remotes market will reach 2.7m pieces units.
Furthermore, the market is expected to exhibit a volume growth of 5.8% in 2025.
In terms of individual consumption, the average volume per person in the Smart Remotes market is projected to be 0.0pieces units in 2024.
These figures highlight the significance of the Smart Remotes market within the NAFTA region.
The Smart Remotes market in NAFTA is witnessing a surge in demand due to the increasing adoption of smart home technology in the United States.

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

Market

Region

Region comparison

Currency

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.