Europe Smart Remote Market Size, Share & Industry Trends Analysis Report By Application, By Distribution Channel, By Country and Growth Forecast, 2022 - 2028

The Europe Smart Remote Market is expected to witness market growth of 8.1% CAGR during the forecast period (2022-2028).

Leading players are combining recent breakthroughs in hardware and software sensing with artificial intelligence (AI) to revolutionize the way customers interact with computing devices in order to generate earnings from giving non-visual interaction experiences to consumers. The rapid infusion of small sensors into current home systems, as well as the proliferation of IoT-connected gadgets - important facilitators of smarter living - has ensured that smart home equipment and device manufacturers are constantly fighting to remain on the cutting edge. In the near future, it will have a big impact on smart remote control technologies. Consumer appliance makers' growing recognition that experience is more than a buzzword, has led to a shift in the focus on development and investment in innovative solutions. Such advancements in-home equipment functionality and design is expected to continue to favor smart remote control development and sales in the coming years.

Europe is among those regions where the population is already ahead in terms of technological awareness and benefits from the technologies, and as a normal outcome, individuals and businesses of the region are increasingly demanding for smart remotes to incorporate into the daily work routine. For instance, as per one of the EU's ten priority action areas in its Strategic Energy Technology Plan, smart remotes create technologies and services for smart homes that deliver smart solutions to energy users.  The Commission's vision for the electrical market which intends to create a fresh deal for consumers, smart remotes and networks, data management, and protection is the strategic policy goal behind the strategic policy goal. As an example, across the EU, a variety of publicly sponsored projects are aimed at involving consumers in the vision. The EU's smart remotes strategic aims are based on the notion that families want to play a more active part in the energy system.

The Germany market dominated the Europe Smart Remote Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $228.1 million by 2028. The UK market is estimated to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The France market is expected to witness a CAGR of 8.9% during (2022 - 2028).

Based on Application, the market is segmented into Smart TV and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crestron Electronics, Inc., Universal Electronics Inc., LG Electronics, Inc., Toshiba Corporation, Samsung Electronics Co., Ltd., Koninklijke Philips N.V., Sony Corporation, Haier Smart Home Co., Ltd., Logitech International S.A., and Bose Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Application

• Smart TV
• Others

By Distribution Channel

• Offline
• Online

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• Crestron Electronics, Inc.
• Universal Electronics Inc.
• LG Electronics, Inc.
• Toshiba Corporation
• Samsung Electronics Co., Ltd.
• Koninklijke Philips N.V.
• Sony Corporation
• Haier Smart Home Co., Ltd.
• Logitech International S.A.
• Bose Corporation

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