Outlook of the global motion controlled remote market
Technavios market research analyst predicts that the global market for motion-controlled remotes will grow steadily at a CAGR of more than 9% by 2020. The increasing adoption of smart TVs among the populace and the high penetration of direct-to-home (DTH) connections globally are the two primary factors that bolster market growth during the forecast period.
Geographically, the APAC region is anticipated to account for more than 44% of the total market share by the end of 2020. Much of this regions growth can be attributed to the augmented adoption of smart TVs during the forecast period. This growing adoption of smart TVs will bolster the need for motion-controlled remotes, which in turn will lead to market growth during the forecast period.
Technology-based segmentation of the motion controlled remote market
IR-based motion-controlled remotes RF-based motion-controlled remotes In this market study, analysts have estimated the RF-based motion-controlled remotes segment to be the fastest growing market segment during the predicted period. The ability of these remotes to eliminate the line-of-sight limitation, which is common in IR-based remotes, will lead to the growth of this segment during the forecast period.
Segmentation by end-user and analysis of the motion controlled remote market
Smart TV Gaming console Set-top box Technavio market research analysts estimate the smart TV segment to dominate the market during the forecast period. Since smart TVs need a smart, simple, and efficient input device for navigational purposes, an increase in the adoption of these televisions will bolster the need for motion-controlled devices during the estimated period.
Competitive landscape and key vendors
The global motion controlled remote market is dominated by large vendors like LG and Nintendo. Since the market is still in its nascent stage, the proliferation of consumer electronic devices integrated with motion-sensing software will increase the growth prospects of the market during the forecast period.
The leading vendors in the market are -
Hillcrest Labs LG Nintendo Samsung SMK Other prominent vendors in the market include Ruwido, 4MOD Technology, and Invensense.
Key questions answered in the report include
What will the market size and the growth rate be in 2020 What are the key factors driving the global motion controlled remote market What are the key market trends impacting the growth of the motion controlled remote market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the vendors in the global motion controlled remote market Trending factors influencing the market shares of the Americas, APAC, and EMEA What are the key outcomes of the five forces analysis of the motion controlled remote market Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report Global Motion Controlled Remote Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Motion Controlled Remote Market: Hillcrest Labs, LG, Nintendo, Samsung and SMK
Other Prominent Vendors in the market are: Ruwido, 4MOD Technology, and Invensense.
Commenting on the report, an analyst from Technavios team said: The proliferation of smart TVs with increased functionality together with the increase in digital content has compelled TV manufacturers to introduce simple and efficient control paradigm. This is because navigating web browsers with standard remote is quite difficult but it becomes simpler when a user points at a particular icon and moves the wrist to navigate with motion-controlled remotes. It is not only intuitive but also flexible as the user can easily drag and drop by using these remotes. As a result, smart TV manufacturers are partnering with motion technology providers to integrate motion control software in their new line of smart TVs and manufacturing remotes compatible with their smart TVs.
According to the report, the need for digitization of content and the growing number of Internet users are leading to the higher demand for smart TVs. There are more than 2.4 billion Internet users across the globe and, with the growing number, the consumption of data is also increasing. This growing data consumption has created a demand for digital content. To enjoy and access digital content, consumers need smart TVs.
Further, the report states that the limited sensing capability of motion sensors due to its range limitations is one of the major challenges for the market.