DVB/SAT Remote Controls Market Expected to Grow at a Moderate CAGR Over the Forecast Period 2018 to 2028
May 22, 2019 by Steve Blade
From the past two decades, DVB - digital video broadcasting has been an increasingly accepted standard for entertainment regulations. Major economies such as European countries are involved in the efficient implementation of DVB-compliant digital broadcasting. Also, the equipment required is widely available, such as DVB remote controls. These equipment are easily distinguishable by the standardised DVB logo. DVB/SAT Remote Controls Market units are becoming increasing popularity among the manufacturers of television units, as these remote control units are becoming a sophisticated and more user-friendly approach for changing channels. DVB/SAT (digital video broadcasting/satellite remote control) is one of the evolving remote control techniques used, as these remote control technologies are emerging as a more standardised way for manufacturers, which is resulting into the establishment of global standards for the maintenance of fixed remote control units.
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Digital video broadcasting (DVB) compliant remote control units are remotes which satisfy a set of standards set for digital broadcasting. These standards are set using existing satellite, cable, and terrestrial infrastructure.
Global DVB/SAT Remote Controls Market: Drivers and Restraints
Developed countries are forming a more standardised way for maintaining DVB/SAT remote control units on a global level, so that there is a global standard for these devices, such as the U.S. is using an Advanced Television Systems Committee (ATSC) standard, which is a digital broadcasting standard for digital television units. In addition to this, the prime factor fuelling the demand for DVB/SAT remote control units is the adoption of digital video broadcasting (DVB) as the standard for digital television in many countries. The emergence of DVB as a modern broadcasting media is creating a new opportunity for DVB/SAT remote control manufacturers, resulting in increasing remote control production. This increasing production of television units is also fuelling the demand for remote control units which are universal in nature. Manufacturers are offering DVB/SAT remote control units which are compatible and controllable with different brands, different models, and available in a variety of settings, which is increasing the demand for DVB/SAT remote control units.
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The global DVB/SAT remote controls market is segmented on the basis of distribution channel and region.
Segmentation based on region:
On the basis of region, the market is segmented into North America, Latin America, Europe, Eastern Europe, CIS & Russia, Japan, and MEA.
Global DVB/SAT Remote Controls Market: Industry Key Players
Examples of some of the key players in the global DVB/SAT remote controls market are Shenzhen Hengguan Electronics Co., Ltd., Shenzhen Gaohuabao Intelligent Technology Co., Ltd., Shenzhen Xingyuanxing Technology Co., Ltd., LP International Industries Co., Ltd., Yangzhou R & D Co., Ltd., Danyang Yikai Electrons & Tools Co., Ltd., and others. DVB/SAT remote control unit manufacturers are focusing on manufacturing remote control units which are able to satisfy industry standards. The changing technologies for delivering universal remote control units are creating a new potential opportunity for remote control manufacturers.
Global DVB/SAT Remote Controls Market: Region Wise Outlook
APEJ holds a major market share regarding revenue generation from the sale of DVB/SAT remote controls, due to the increased production of DVB/SAT remote control units in developing countries such as China, India, and others. The increasing production of DVB/SAT remote control units is primarily driven by the availability of cheap raw material in these countries. North America and European countries are the second-largest market for DVB/SAT remote controls, as the evolution of portable DVB/SAT players is resulting in increased demand for DVB/SAT remote controls. On the other hand, the demand for DVB/SAT remote controls in the MEA region is expected to grow at a moderate CAGR over the forecast period.
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