Radio Remote Control Equipment is a component of an electronics device, most commonly a mining machinery, industrial driving and concrete pump truck used for operating the device wirelessly. Remote control has continually evolved and advanced over recent years to include bluetooth connectivity, motion sensor-enabled capabilities and voice control.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with Radio Remote Control Equipment industry in short supply on the market in the past few years, more and more companies enter into Radio Remote Control Equipment industry, the current demand for Radio Remote Control Equipment product is relatively low, lack of demand, excess supply. Ordinary Radio Remote Control Equipment products on the market do not sell well: Radio Remote Control Equipment's price is lower than past years. The signal of market price change indicates the trend in the Radio Remote Control Equipment industry, low-end product has excess capacity, and high-end product is in short supply. In China, the situation is more serious, there are plenty of low-end products exported abroad, high-end products to make up for the domestic market vacancy.
Although sales of Radio Remote Control Equipment brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Radio Remote Control Equipment field.
According to this study, over the next five years the Radio Remote Control Equipment market will register a 1.9% CAGR in terms of revenue, the global market size will reach US$ 360 million by 2024, from US$ 320 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Radio Remote Control Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Radio Remote Control Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Radio Remote Control Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3: and forecast to 2024 in section 11.7.
Transmitters (pushbutton)
Transmitters (joystick)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 11.8.
Industry & Logistics
Construction Crane
Mobile Hydraulics
Forestry
Mining
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
HBC
Hetronic Group
Cattron Group
Autec
NBB
Akerstroms
OMNEX(Eaton)
Ikusi
Tele Radio
JAY Electronique
Remote Control Technology
ITOWA
Scanreco
Lodar
Yuding
Shanghai Techwell Auto-control Technology
Shize
Green Electric
Yijiu
Wicontek
3-ELITE PTE
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Radio Remote Control Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Radio Remote Control Equipment market by identifying its various subsegments.
Focuses on the key global Radio Remote Control Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Radio Remote Control Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Radio Remote Control Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
