The market for mid-range universal remote controls is set to jump 14 per cent by 2013 as consumers look for that one remote to rule them all.
The total universal remote market is set to grow by 10 per cent, with sales in flat screen TVs and home theater systems driving the take up, according to Parks Associates Aftermarket Entertainment: Universal Remote Controllers report.
"U.S. households are spending more on their entertainment equipment as well as on content options than in the past," said Tricia Parks, CEO of Parks Associates. "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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