Market Analysis and Insights: Global Radio Remote Control Equipment Market

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.

Due to the COVID-19 pandemic, the global Radio Remote Control Equipment market size is estimated to be worth US$ 656 million in 2022 and is forecast to a readjusted size of US$ 931.4 million by 2029 with a CAGR of 4.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Push-buttons accounting for % of the Radio Remote Control Equipment global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Industry and Logistics segment is altered to an % CAGR throughout this forecast period.

Global main manufacturers of radio remote control equipment include HBC, Cattron Group and Allgon, etc. The top three players hold a share about 30%. The global radio remote control equipments are mainly produced in Europe, United States and China, they occupied for a share over 84%. Asia-Pacific is the largest market, has a share about 41%, followed by Europe and North America, with share 30% and 20%, separately.

Global Radio Remote Control Equipment Scope and Market Size

The global Radio Remote Control Equipment market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Radio Remote Control Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Push-buttons

Joy-sticks


Segment by Application


Industry and Logistics

Construction Crane

Mobile Hydraulics

Forestry

Mining

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


HBC

Cattron Group

Allgon

Scanreco

Hetronic Group

Schneider Electric

Autec

OMNEX (Eaton)

Danfoss

Conductix-Wampfler (JAY Electronique)

TELECRANE

NBB

Green Electric

Wicontek

Lodar

Shize

Shanghai Techwell Auto-control Technology

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