Quad Skate Market is Progressing Towards a Strong9

Quad Skate Market is Progressing Towards a Strong Growth by 2026

Learning Remote Controls Market: Overview

The past decade has
witnessed high adoption of learning remote controls. This adoption has
generated high demand to enhance the functionality of these remote
devices across the globe. Thus, to cater to this demand, various types
of learning remote control devices have been introduced in the market.
Universal connectivity of learning remote controls is making these kind
of remote controls more popular in the market. Furthermore,
technological advancements and growing adoption of wireless technologies
are also creating potential growth opportunities for the learning
remote controls manufacturers. Moreover, high demand for smart home
devices with advanced functionalities is also fuelling the growth of the
global learning remote controls market. That apart, increasing
dependency of the consumers on advanced electronic devices and
increasing adoption of connected devices in developing and developed
economies are the key growth factors pushing the global learning remote
control market.

A learning remote control is an electronic device
that is programmed to operate various brands of one or more types of
consumer electronic devices. Learning remote controls feature learning
functions that allow programming from major consumer electronic brands.

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Learning Remote Controls Market: Drivers and Challenges

Drivers

Increasing
demand for consumer electronic devices is the primary factor fuelling
the growth of the learning remote controls market. In addition, growing
per capita income of the middle class in developing economies, rising
population and increasing living standard are some of the other factors
expected to push the growth of the learning remote controls market over
the forecast period.

Challenges

In the present scenario,
fluctuating requirements in the electronic industry and rapid
technological advancements are the biggest challenging factors for the
global learning remote controls market growth. Furthermore, competition
from local players in developing countries is disrupting the growth of
the learning remote controls market. In parallel, declining Y-o-Y
adoption rate of learning remote controls is being witnessed presently.
This rate is further expected to decline during the forecast period due
to the growing penetration of the internet and smart devices globally.

Learning Remote Controls Market: Segmentation

Segmentation of the Learning Remote Controls market on the basis of Price Range:

• Below US$ 10
• US$ 10-US$20
• Above US$ 20

In
terms of value, the US$ 10-US$ 20 sub-segment accounted for the maximum
share in the global learning remote controls market in 2017. On the
other hand, the above US$ 20 sub-segment is expected to show maximum
growth rate in the global learning remote controls market during the
forecast period.

Segmentation of the Learning Remote Controls market on the basis of End Users:

• Residential
• Commercial

The
residential sub-segment accounted for major a market share in the
global learning remote controls market in 2017. The growth of
residential segment can be attributed to the growing adoption of home
appliances in developing countries, such as India, China, Brazil and
Russia. Moreover, the commercial sub-segment is projected to register a
CAGR of more than 3.5% during the forecast period.

Segmentation of the Learning Remote Controls market on the basis of Sales Channel:

• E-Commerce/Online
• Organized Retail Stores
• Unorganized Retail Stores

Due
to the double digit growth of the e-commerce market in developed and
developing economies, the e-commerce/online segment is projected to grow
at a high CAGR during the forecast period.

Learning Remote Controls Market: Competition Landscape

Key Players

Examples
of some of the major players in the global learning remote controls
market are VIZIO, Inc., Sceptre Incorporated, Samsung Electronics Co.
Ltd., LG Electronics, Logitech, TCL Corporation, Sharp Corporation,
Roku, Inc., Philips, Epson India Pvt Ltd., Kenwood Corporation, Haier
Group, Yamaha Corporation, among others.

Learning Remote Controls Market: Regional Overview

Asia
Pacific is expected to capture a large market share, in terms of value
and volume, owing to the growing per capita income in India and China.
North America is expected to exhibit high growth rate in terms of value
and volume in the global learning remote controls market due to growing
urbanization and technological advancements in the electronic industry
and increasing adaptation in residential and commercial sites. Europe
and Latin America are also expected witness potential growth
opportunities in the global learning remote controls market due to the
increasing demand from the residential segment. Moreover, the learning
remote controls market in the MEA region is expected to grow at a
considerably fast rate during the forecast period due to increasing
urbanization in the region.

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