Market Insights Consumer Consumer Electronics TV Peripheral Devices

Smart Remotes - Worldwide

Worldwide

The revenue generated in the Smart Remotes market worldwide is projected to reach a staggering US$282.4m in 2024.
This market segment is expected to witness a steady annual growth rate of 5.07% between 2024 and 2029 (CAGR 2024-2029).
When compared to other countries, in the United States leads the pack in terms of revenue generation, with an estimated amount of US$82,120.0k in 2024.
Taking into account the global population figures, the per person revenue in the Smart Remotes market is forecasted to be US$0.04 in 2024.
Looking ahead, the volume of the Smart Remotes market is projected to reach 11.9m pieces units by 2029.
In 2025, the market is expected to experience a volume growth of 10.6%.
On an individual basis, the average volume per person in the Smart Remotes market is anticipated to be 0.0pieces units in 2024.
These numbers highlight the significant growth and potential of the Smart Remotes market worldwide.
Smart Remotes are becoming increasingly popular in households worldwide, as consumers in countries like the United States and Germany embrace the convenience and simplicity of controlling multiple devices with a single device.

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.