Universal Remote Control Market to Grow 10% to 2013, Study Says

The market for universal remote controls will have a compound annual growth rate (CAGR) of about 10 percent between now and 2013, says a Parks Associates study.

"Aftermarket Entertainment: Universal Remote Controllers" says the rate increase for mid-level remotes will have the biggest increase at 14 percent. (See chart below)

"Increasing options for content, the heavy buying of expensive flat TVs, and rational prices for the mid-level remote have all played to increase consumers' willingness to purchase and desire for the more capable control benefits," says Parks Associates CEO Tricia Parks.

The study is also attributing the anticipated growth to the increasing demand for the remote control to ease the complexity of control and search among disparate systems in U.S. households.

“U.S. households are spending more on their entertainment equipment as well as on content options than in the past,” adds Parks.

“So, spending some hundreds of dollars on a URC that allows easier use and management of their home theater systems makes more sense to them than in the past.

"There is a middle market for advanced universal remotes now emerging that will continue to see growth for at least the next 5-7 years.”

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