LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in the global motion controlled remote market in their latest research report. This report also highlights the key trends predicted to influence market growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. The report covers the major end-user segments of this market, including gaming consoles, set-top boxes (STBs), and smart TVs.
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“Though the adoption of these remotes is still in its nascent stage, Technavio researchers expects motion-controlled remotes to gradually be common during the forecast period. In 2015, 62.91 million motion-controlled remotes were shipped, and by 2020 this number is expected to reach close to 119.1 million units, growing at a CAGR of 13.62%,” said Sunil Kumar Singh, one of Technavio’s lead analysts for sensors research.
“Consumer electronics manufacturers such as Hisense, LG, Samsung, Skyworth, and TCL are bundling these remotes with their products, or offering these as separate bundled accessories. For instance, the majority of LG smart TVs come with LG's magic remote, which is a motion-controlled remote. Some of Samsung's smart TVs also come with motion-controlled remotes. This trend has resulted in an increase in consumer awareness about the potential benefits of using these remotes over standard remotes,” added Sunil.
Top five leading vendors in the global motion controlled remote market:
Hillcrest Labs was founded in 2001 and is headquartered in Maryland, US. They engage in the supply of software and hardware based on Freespace technology. Some of the partners of the company are LG, Samsung, Coolpad Group, OPPO, Roku, Huawei Technologies, TCL, Skyworth, and Synopsys.
The company generates revenue through MotionEngine software sales which includes
- MotionEngine smart TV: It is a sensor fusion software that brings gesture, cursor, and motion control to smart TVs and its peripherals
- MotionEngine mobile: It is a motion software package that enables sensor-independent motion processing in tablets and smartphones
- MotionEngine Lite: It provides in-air cursor control with a minimized footprint
- MotionEngine Wear: It provides low-power activity tracking, gesture control, and navigation for wearable devices
LG Electronics was founded in 1958 and is headquartered in Seoul, South Korea. The company manufactures and markets consumer electronics, mobile communications, and home appliances. It offers products such as flat panel TVs, mobile devices, air conditioners, washing machines, and refrigerators. As of December 2014, it had 83,000 employees. The company spent close to USD 2.04 billion on R&D and generated a revenue of USD 53.14 billion.
The company engages in the manufacturing and marketing of a broad range of products under various product lines, including LED, display and network, substrate and material, optics solution, auto and motor. The company also offers display and network products and markets products such as TV displays (offers liquid-crystal display (LCD) and organic light-emitting diode (OLED) TVs), commercial displays (outdoor displays, transparent displays, signages, and interactive whiteboards), monitor displays, notebook displays, mobile displays (offers plastic OLEDs and LCDs), and auto displays (provides auto displays for cars) through its associate LG Display.
Nintendo was founded in 1947 and is headquartered in Kyoto, Japan. The company develops, manufactures, and sells entertainment products in home entertainment field. The company has 27 subsidiaries and five associates with 5,120 employees as of March 2015. For FY2015, the company invested close to USD 0.527 billion in R&D and generated USD 5 billion in revenue.
The company generates revenue through handheld software, handheld hardware, home console hardware, home console software, and other products.
Samsung was founded in 1938 and is headquartered in Seoul, South Korea. The company produces consumer electronics, telecommunication products, home appliances, and semiconductor products. It provides a range of solutions for the education, healthcare, hospitality, finance, government, and insurance sectors. The company operated 158 subsidiaries across the world and had 96,510 employees, as of December 2014. For FY2014, the company generated close to USD 185.85 billion in revenue.
Their consumer electronics segment includes visual display business (TVs such as LCDs, LEDs, and plasma display panel (PDP) TVs); digital appliances business (offers home appliances such as refrigerators, washing machines, air conditioners, and other appliances); printing solutions business (offers a wide array of printers such as A4 laser printers and multifunction printers); and health and medical equipment business (provides ultrasound, digital X-ray, and diagnostic devices).
SMK was founded in 1925 and is headquartered in Tokyo, Japan. It manufactures and sells parts for electro-communication devices and electronic equipment. For FY2015, the company generated USD 601.6 million in revenue. The company had 5,772 employees as of March 2015.
The company’s connection system segment provides connectors that include board-to-board, board-to-wire, flat flexible connector (FFC), RF coaxial, interface, card, earth terminals, battery, and power connectors. It also offers connectors for photovoltaic modules, LED connectors, terminals, DC power supply plug jacks, fuse clips, IC sockets, and camera module sockets. For FY2015, this segment generated close to USD 235.7 million in revenue, which accounted for 39% of the company's total revenue.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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